Mahathir Mohamad blamed everyone except himself and his policies for his country’s entanglement in the 1997 Asian crisis. It appears two decades haven’t been enough to mellow the Malaysian leader. The 92-year-old prime minister has won an unexpected second shot at a job he retired from in 2003. But his contempt for markets is still intact. No, he hasn’t returned ...

Following the financial meltdown of a key government contractor in the UK, Carillion Plc., legislators and professionals are discussing the breakup of the Big Four auditing firms. Such a drastic measure, however, would probably do less to increase the relevance of audits than a different change, also unpopular with auditors. Carillion’s demise caused the debate because, as the construction firm ...

Bloomberg The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the biggest weekly price decline since December. Money managers headed for the exits ...