At the center of the increasingly bitter dispute between the US and Turkey is a demand by an irate President Recep Tayyip Erdogan that American prosecutors free a Turkish-Iranian gold dealer who’s about to go on trial on money-laundering and fraud charges. The confrontation sharpened, as Erdogan protested in Ankara that the businessman, Reza Zarrab, was being squeezed as a ...

If you are adding to your long-term holdings of stocks and other risk assets at current market valuations, you are likely to be betting — knowingly or not — on a combination of three drivers of future returns; or you are planning to sell your holdings to someone who is or will be making that bet. Understanding the importance of ...

Being sophisticated in the age of output curbs by the Organization of Petroleum Exporting Countries (OPEC) can prove a disadvantage, as the operator of the world’s biggest oil refining complex is discovering. Reliance Industries Ltd’s (RIL) 1.24 million barrel-a-day facility in Gujarat features highly advanced units designed to process the globe’s heaviest types of crude, which have historically been cheaper ...