Mukesh Ambani, India’s richest man, can consistently squeeze more than $10 a barrel in refining margins out of crude. Expect no less from him when it comes to monetizing Reliance Industries Ltd.’s investment in Reliance Jio Infocomm Ltd., the fourth-generation mobile network that’s taken the nation’s digital landscape by storm. What kind of an equity market valuation should Ambani put ...

After years of talks, central banks and financial regulators have finally agreed on the Basel III rules for bank capital. That’s a good thing, mostly. The deal improves the regulatory framework and will give banks greater clarity about what’s required. It’s also a timely reminder that international policy cooperation can work. There’s a catch, however: The new rules have been ...

At a European Union summit this week, the bloc’s leaders are expected to formally declare that the Brexit talks can move forward. Not a moment too soon. Britain and the EU have spent 18 months since the UK’s decision to quit avoiding the main issues — namely, their future trading relationship and a plan for getting from here to there. ...