South Korean President Park Geun-hye is in the middle of a political scandal that may lead to her impeachment. It centres on Choi Soon-sil, a shadowy confidant of the president, accused of using her personal ties with Park to coerce local firms to donate millions of dollars to non-profit foundations Choi set up and then used for personal gain. ...

  One week after India’s sudden declaration that 500- and 1,000-rupee notes were no longer legal tender, the economy is in chaos. And that’s perhaps because the policy was designed as much to shock and awe observers with the government’s command of the Indian economy as to control India’s “black money” problem. What seemed at first to be a masterstroke ...

  Jack Rivkin, who introduced many of the innovative research practices that eventually became commonplace at Wall Street’s biggest firms, passed away last week. He was 76. He was a warm and witty observer of the investment business, and was best-known for his work running Shearson Lehman Brothers’ research department. He also served as chief investment officer of Neuberger Berman, ...