Italy has managed to scrape by with its 5.5 billion euros ($6.2 billion) monthly auction of three, seven and 20-year government bonds on Tuesday. It has now completed nearly 95 percent of its annual funding target, but that’s where the good news ends. It is still visibly struggling to place longer-dated paper. Benchmark 10-year yields stayed high, even after the ...

Malaysia’s Prime Minister Mahathir Mohamad has been lucky, so far. His country looks to have come out of this year’s emerging-markets rout largely unscathed. The ringgit has fallen only 3.4 percent against the dollar, while the MSCI Malaysia Index has dipped a mere 5.9 percent, compared with a 16 percent slump for the broader emerging-markets gauge. Beneath the calm is ...

A three minute conversation on stage at UBS AG’s Global Technology Conference in San Francisco helped wipe more than $190 billion from global stocks. Lumentum Holdings Inc. makes lasers for 3D facial recognition used by major smartphone makers, with Apple Inc. its key client. On Monday, the company announced a 17 percent cut in its December-quarter revenue outlook. That triggered ...