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Malaysia is about to get real for foreign insurers

What’s long been one of the most attractive markets for insurers in Asia is turning ugly. Malaysia will require overseas insurance firms to jettison at least 30 percent of their domestic businesses via strategic stake sales or local initial public offerings by the end of June in order to comply with new foreign ownership rules. Companies from AIA Group Ltd. ...

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There’s still no good way to let a big bank fail

Once upon a time, President Donald Trump vowed to “do a very major haircut” on the Dodd-Frank Act. After a lengthy review, his officials have apparently concluded that the 2010 law’s approach to the failures of large banks was about right. In some ways, this reversal is a pity. The 2008 crisis showed how dangerous it can be to let ...

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Wakanda’s prosperity isn’t so far-fetched for Africa

Moviegoers have been going crazy over Black Panther, the new Marvel comic book superhero film. In addition to being a fun romp, the movie holds special emotional significance for many—not just because of its mostly black cast, but because of its setting, Wakanda. A fictional country located somewhere in Africa, Wakanda avoided colonization by foreign powers, and is now wealthy ...

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