Bloomberg Wolfgang Schaeuble can expect to be offered another term as German finance minister if Chancellor Angela Merkel wins re-election on Sept. 24, according to four people familiar with the government’s deliberations. Schaeuble has signaled his interest for the post and Merkel would be willing to pay a high political price to extend his tenure, the people said. All asked …

Can we get real about ‘tax reform,’ the Republican promise to enact deep tax cuts that will spur economic growth? Probably not, but let’s give it a try. For starters, we can stop calling it ‘reform.’ That’s a charged word, implying that the new tax system will be superior to the old. We don’t know that for a fact; the …

The 1997 Asian crisis forced Indonesia to replace a 93-year-old relic with something resembling a modern bankruptcy code. India took another 20 years—and its own $191 billion bad-debt crisis—to get to the same point. With the country’s top court backing the new insolvency code, a warped power equation between debtors and creditors is heading for a big shift. It remains …