Spotify AB will soon shine a bright light on just how big the holes are in our capital markets. Far more than just bankers should take note. Sometime, reportedly by the end of March, shares of the streaming music service will start trading for the first time. The deal, a direct listing, has received attention for some time because it’s ...

Senator Bernie Sanders says it’s worth following the example of ‘our brothers and sisters in Iceland’ who last year passed the world’s most demanding law on equal pay for men and women. But the legislation, which took effect on January 1, could end up hurting women without some added measures. Even ultra-egalitarian Iceland isn’t ready to take them. No other ...

Bloomberg China’s central bank has made a change to the regime used to manage the yuan, effectively removing a component used by banks to calculate their submissions to the currency’s daily reference rate, according to people familiar with the matter. The People’s Bank of China recently told some lenders that contribute to the rate — known as the fixing — ...