Better late than never? Three years of efforts to combine China’s giant state-owned chemicals companies Sinochem Group Co and China National Chemical Corp, or ChemChina, may finally be paying off. A merger between the two unlisted companies is at last “in progress,” Frank Ning, the chairman of both companies, said last week. Such a deal would create a behemoth with ...

The presidential campaign of Joe Biden and Kamala Harris has a proposal aimed to restore the value of 401(k) and other deferred tax retirement plans for young median-wage workers. It’s a step almost exactly in the wrong direction. Under current policy, standard deferred tax retirement plans, including 401(k)s, IRAs and other variants, are taxed at distribution time rather than contribution ...

Bloomberg British pilots already fearing for their jobs as the coronavirus crisis hammers air travel face a new risk as a potential no-deal Brexit threatens to deprive them of the right to fly EU-registered planes. With the UK’s split from the EU set to be completed on December 31, there’s no agreement in place that would allow aviators holding UK ...