Overseeing money for the rich is supposed to be one of the best businesses in banking, but even the world’s biggest wealth manager is finding that it doesn’t always work out like that. In what were undoubtedly difficult market conditions, clients pulled funds from UBS Group AG in the fourth quarter, leaving the firm short on one of its key ...

China’s industrial sector is facing a crisis of confidence. So far, Beijing’s solutions haven’t been enough to shore it up. In response to streams of gloomy data — from retail sales and industrial profits to layoffs — officials have vowed billions of yuan in support for railway infrastructure investment, employment incentives, tax cuts and loan disbursements. China watchers are now ...

In a few weeks, India’s finance minister will present what’s called an “interim budget” — the accounts of the year gone by, as well as his plans for the year to come. It isn’t supposed to be a regular budget because the government faces reelection in a few months; the convention is that the next finance minister gets to make ...