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Sporting a white button-up shirt and black blazer, Alibaba Group Holding Ltd. Chairman Jack Ma sat on stage with Charlie Rose to make his pitch to America. If you miss the opportunity to sell your products to China, you will miss the opportunity. You will miss the future. With a line like that, Ma — China’s richest man — could ...

When I met Tony Martinez, the mayor of Brownsville, Texas, he had a somewhat wacky argument against the border fence that separated the town from Matamoros, Mexico. “We are about to become an interplanetary civilization,” he told me. “And here we are talking about a wall separating what is essentially the same community.” The reason he said so is that ...

Bloomberg Chinese stocks were little moved by their addition to MSCI Inc.’s benchmark indexes, as investors weighed the symbolic importance of inclusion against the limited impact on short-term inflows. While MSCI’s announcement was a landmark step in China’s integration with the global financial system, it will initially have a small effect on the amount of foreign money entering the nation’s ...

Bloomberg You wait for a Saudi market catalyst, and then three come along at once. Saudi Arabia’s Tadawul All Share Index rose 2.3 percent at 10:12 a.m. in Riyadh as traders embraced a trio of key announcements. Hours after global index provider MSCI Inc. opened the way for Saudi Arabian stocks to be included in its gauges, ruler King Salman ...

Bloomberg Global stocks retreated and the yen strengthened after oil tumbled into a bear market on concern a supply glut will persist. The pound extended its decline as the UK prepared to start a new parliamentary session under Theresa May’s minority government. European shares fell for a second day as crude continued to edge lower. Haven demand spurred the yen ...

Bloomberg Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure. The government may have to stump up 38.5 billion hryvnia ($1.5 billion) more to recapitalize Privatbank after last year’s state takeover, according to ...

Bloomberg Barclays Africa Group Ltd., the South African bank formerly known as Absa, will go to the country’s high court to challenge a decision that it should pay the government 1.125 billion rand ($86 million) over the apartheid-era acquisition of Bankorp Ltd. “This is due to numerous misrepresentations and factual inaccuracies which form the basis of the Public Protector’s findings, ...

Bloomberg Nonperforming loans at Thailand’s banks are set to peak towards the end of 2017, according to Fitch Ratings, an outlook that may salve investor sentiment in one of Asia’s worst-performing stock markets this year. Thai economic growth is subdued but relatively stable at about 3 percent, signaling a slower expansion in bad loans in the months ahead and an ...

Bloomberg People’s Bank of China’s (PBOC) Governor Zhou Xiaochuan, who has likened monetary-policy communication to chess, is telling markets more about his moves as he makes them. That doesn’t mean he’s ready to give the game away. The PBOC’s regular cash injections are now coming complete with comments about their intent, helping to soothe markets just before the cash crunch ...

Bloomberg Boeing Co. dominated the deal flow at the Paris Air Show, overwhelming rival Airbus SE on the back of Asian demand for the new Max 10, the biggest version of its 737 workhorse. The US planemaker secured orders and expressions of interest (EOI) for more than 500 jets worth as much as $66 billion, compared with Airbus’s tally of ...