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It’s a different beast that underpins HK stocks

After a 14-day run, Hong Kong’s Hang Seng Index on Monday came close to breaking through its historical record set more than a decade ago. Technical analysts now caution the benchmark looks overbought. Its strength, however, shouldn’t be surprising. That’s because the Hang Seng today isn’t what it was a decade ago. One of the most conspicuous changes has been ...

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EU will gain from thriving London’s finance hub

Last week, the UK government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as a thriving financial center. The City is by far the most significant financial hub in Europe. In 2016, the UK ...

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Facebook’s new mission may be impossible to accomplish

If Facebook Chief Executive Officer Mark Zuckerberg is sincere in a recent post about gradually taking the media element out of “social media,” he’s striking a powerful blow for tech self-regulation, as well as preparing to pay a heavy price for the evolution of his vision. But getting the genie back into the bottle may be too difficult even for ...

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