Climate change has come to Wall Street in the guise of Larry Fink. For those who don’t know, Fink runs BlackRock, a $7 trillion collection of investment funds consisting of stocks, bonds and other securities. Fink is a global opinion-maker, and he believes that worldwide climate change is driving “a fundamental reshaping of finance.” This is, or could be, a ...

Iron ore had a carousing 2019 — for all the wrong reasons. A fatal dam collapse in Brazil, followed by a tropical cyclone in Australia, battered production and sent prices to their highest level in five years. Early figures from BHP Group and Rio Tinto Group show just how much benefit both have reaped. With supply coming back, Chinese mills ...

Hong Kong is missing an opportunity to displace the US as an offshore listing venue for Chinese companies by keeping trading fees too high. Alibaba Group Holding Ltd.’s $11 billion offering in November showed the potential for the city’s stock exchange to attract US-listed mainland enterprises amid an unsettled trade relationship between the two largest economies. Relatively expensive costs threaten ...