Alibaba Group Holding Ltd didn’t hide its frustration when turning away from Hong Kong in 2013 and choosing to list in the US instead. “The question Hong Kong must address is whether it is ready to look forward as the rest of the world passes it by,” co-founder Joe Tsai wrote in a blog post that chastised the city’s exchange ...

Consider the hedge fund manager’s dilemma. If all she has is $200 million to $300 million in assets under management, she’d barely be able to afford that swanky office and the half-dozen analysts she’d need to run the operation. So she works hard to establish a track record and begins to manage, say, $2 billion to $3 billion. At that ...

Federal Reserve officials, confronting developments and an outlook they seem to have not anticipated, face tricky decisions as they finalised their policy deliberations on Wednesday. These centre on updating their individual projections and converging on whether — and if yes, how — to start a necessary policy pivot that unfortunately conflicts with the framework the central bank adopted recently to ...