The IS’s headquarters in Tabqa at the western gateway to Raqqah has been crushed like a sand castle by American bombs. At a dam complex on the Euphrates River where IS until May was torturing prisoners, all that’s left of the extremists are militant slogans scrawled on the wall and a pile of trash. It’s far too soon to say …

If you bought $100 worth of the BSE 500 Index instead of MSCI India at the beginning of the year, you would have made about $5.50 extra. If you’re after exposure to the next China, then why not pocket a bit of extra cash? The MSCI lags because it still favours India’s information services companies and snubs the financial firms …

Sometimes, the wrong person for the job has the perfect background. HSBC Holdings Plc might confront that issue if its approach to Peter Hancock results in the former American International Group Inc. boss being picked to replace Stuart Gulliver as chief executive. A duo of Mark Tucker, the incoming chairman, and Hancock as CEO would give HSBC its first leaders …