Oil rises as the dollar tumbled, energising markets while investors continue to evaluate the potential for slowing commodities demand against near-term supply tightness. West Texas Intermediate traded near $86, temporarily finding direction from equity markets, which have been recently boosted by earnings reports. The dollar slid, providing an extra boost for commodities that are priced in the currency. Since late ...

Andy Mukherjee In May, the South China Morning Post published a letter from a reader who wrote to say that Hong Kong’s Mandatory Provident Fund should be abolished as “it has failed on multiple levels from the perspective of ordinary citizens.” Replace it with a universal basic income, he suggested. Hong Kong was recently graded C+ in the Mercer CFA ...

Matthew A. Winkler Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor recalls a 1994 Time Magazine cover story citing “a string of disasters rocks the state to the core, forcing Californians to ponder ...