Bloomberg The European Union set new criteria for the use of palm oil in biofuels in a balancing act to avert a trade war with producers in Asia while appeasing climate protagonists at home. The measure approved by the European Commission on Wednesday spells out the type of biofuels from palm oil that may be counted towards the EU’s renewable-energy ...

Good presidents learn while they are in office. Donald Trump, however, is doubling down on many of the same bad ideas he campaigned on. A recent example is an initiative his administration is reportedly developing to force US allies to pay far more for hosting American troops and bases. The initiative flows naturally from the president’s desire to get even ...

Charles Li, chief executive of Hong Kong Exchanges & Clearing Ltd., has his plan at the ready. An agreement with MSCI Inc. is in the bag. Once regulators bless the idea, he will give futures contracts on China’s A-share index in the city a go. One place where Li’s announcement was received with some trepidation was the rival financial center ...