The release this weekend by WikiLeaks of the purported transcript of discussions among International Monetary Fund officials about the best way to compel Greece’s creditors to accept debt restructuring led to much finger pointing and seeming indignation. Yet the economic case for forgiving that country’s debt is straightforward: Without relief within a comprehensive reform program, Greece will struggle to grow, ...

China’s State Grid Corporation, the world’s biggest power company, is on an impressive buying binge. As Bloomberg News reports, the company is “actively in bidding” for power assets in Australia, hoping to add them to a portfolio of Italian, Brazilian, and Filipino companies. The goal isn’t simply to invest, however. State Grid’s Chairman Liu Zhenya has a plan that he ...

BLOOMBERG U.S. stocks fluctuated near the highest levels of the year, while the dollar and Treasuries were little changed as investors assessed the potential for central-bank stimulus to boost flagging global growth. The Standard & Poor’s 500 Index edged higher after a sixth weekly gain in seven, while European and Asian equities climbed from the lowest levels in at least ...