During his trip to Asia recently, US President Barack Obama took the opportunity to tell an audience in Vietnam why the Trans-Pacific Partnership is so important. Since the Vietnamese people may be the greatest beneficiaries of the agreement, this was an excellent venue to praise the power of globalization to bring about shared prosperity to people around the world. But ...

  BLOOMBERG Gulf stocks were mixed as trading slumped in advance of the holy month of Ramadan, when business across the region slows. Dubai’s DFM General Index advanced 0.7 percent at the close and Abu Dhabi’s ADX General Index climbed 1 percent. The Bloomberg GCC 200 Index, which tracks 200 of the largest and most liquid stocks in the six-nation ...

  Bloomberg China’s quest for raw materials for its aluminum smelters and alumina refineries promises to deliver a 15-year boom for exporters of bauxite, according to Rio Tinto Group, which is spending $1.9 billion to raise output. Global demand is already growing rapidly and will outpace the 4 percent-a-year lift London-based Rio forecasts for aluminum in the medium-to-longer term, Alf ...