Departing Federal Reserve Chair Janet Yellen is leaving US monetary policy in pretty good shape, and her colleague and successor, Jerome Powell, can be expected to continue her record of stewardship. As always, though, the economy may have other ideas. The Fed will most likely raise interest rates another quarter-point — the latest step in a carefully laid out plan ...

Like much else about Pakistan, it’s often infuriatingly difficult to determine whether or not its economy is on the brink of disaster. This week, as the Pakistani rupee lost 5 percent of its value in just three days, it looked like trouble was brewing. And sure, this might be a sign of the economy slipping towards a balance-of-payments crisis. But, ...

Hong Kong’s move to allow dual-class shares should attract a wave of listings by Chinese technology companies. It won’t be enough for the city to challenge New York as the global hub for new-economy fundraising. Despite a year of hot flotations that included firms backed by Tencent Holdings Ltd. and Alibaba Group Holding Ltd., Hong Kong is close to being ...