Yet again, the Securities and Exchange Commission (SEC) is aiming to address one of the weakest links in the US financial system: money market mutual funds, the object of at least two reform efforts and two major federal rescues in as many decades. This time around, regulators might actually be getting it right. Money market funds emerged in the 1970s ...

More than two years into the Covid-19 pandemic, China is the last major nation pursuing a zero-tolerance strategy, seeking to extinguish outbreaks as soon as individual cases emerge. That policy looks increasingly unsustainable. Chinese leaders should prepare now for a change in course. The emergence of the highly transmissible omicron variant is already testing the government’s approach. Local officials have ...

  Bloomberg Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. “It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation minister Jyotiraditya Scindia ...