Activist investing is hard work, even for tenacious veterans like Elliott Management Corp. The very mention of its name sends shivers up the spines of corporate fat cats. Yet, until recently, the US-based hedge fund hasn’t been able to scare up much success in Asia. Elliott has been in the region for years, picking battles with Korean chaebols and Hong ...

The impact of the housing market on the 2008 financial crisis couldn’t have been more different than what we’ve seen during this year’s recession. While housing acted as a strong headwind slowing the economic recovery 12 years ago, not it’s looking like a tailwind that will help lift the economy as we move past the pandemic in 2021. The damage ...

Angela Merkel has done it again: She’s “merkeled.” In German, that neologism means to hedge, delay, dilute and fudge — as the eponymous German chancellor is wont to do. There’s much to be said for this elastic style of politics, especially in the labyrinthine European Union. Merkel’s latest fudge, however, will weaken and undermine the bloc, and tarnish her legacy. ...