The election of Emmanuel Macron in France vindicated euro optimists, boosted stock markets and paved the way for lenders like Deutsche Bank AG and Credit Suisse Group AG to raise extra capital. What it didn’t do was unleash a wave of revenue growth for Europe’s top investment banks — at least judging by their latest quarterly earnings. The combination of ...

President Donald Trump says cutting corporate taxes is his No. 1 priority after repealing Obamacare. And House Republicans laid out recently what they would like to see done with the tax code. Investors, though, appear to have lost faith in their ability to follow through. The shares of the 100 S&P 500 companies that paid the highest effective tax rates ...

Given Pakistan’s history of coups, political dysfunction and high-level graft, the Supreme Court’s decision to oust Nawaz Sharif as prime minister for lying about his allegedly ill-gotten wealth would seem a victory for transparency and the rule of law. In fact, the verdict raises as many questions as it answers. Sharif resigned on Friday when the court disqualified him from ...