In late 2016, Liam Fox, then the UK’s secretary of state for international trade — a new job created in the aftermath of the Brexit vote — declared the birth of a “post-geography trading world.” With technology breaking down the barriers of time and distance, there was no need to fret about the UK leaving the European Union (EU), the ...

HSBC Holdings Plc is embarking on a radical overhaul while it continues the hunt for a permanent chief executive. For investors, the strategic muddle of this bizarre situation should be at least as troubling as the stinging cuts, $7.3 billion of charges and suspension of buybacks that the bank announced with its earnings on. The London-based lender will cut as ...

Thermal coal has become a byword for the resource industry’s climate crimes. From BlackRock Inc. down, fund managers are reluctant to touch a mineral that releases more carbon dioxide than any other energy source. Large miners, from BHP Group to Anglo American Plc, are trying to dump it. Coal is also — for now at least — profitable. It’s the ...