What’s News
Wang Jianlin Makes His Move on Hollywood
Dalian Wanda’s Wang Jianlin is on a push to extend Chinese cultural influence through movie production, cinemas and theme parks. Through a global shopping spree, China’s richest man is positioning Dalian Wanda in every stage of the entertainment life cycle.
Stocks End Quarter on a High Note
Gains in bank shares helped lift the S&P 500 by 3.3% in the third period, as investors regained confidence in the economy and embraced riskier assets.
Yuan Marks Milestone With Entry Into IMF Reserve Basket
The yuan officially enters the International Monetary Fund’s official basket of reserve currencies Saturday, a trophy for China in the transformation of the communist nation’s geopolitical status.
China Graft Sets Back Industrial Overhaul
China is struggling with a string of rust-belt corruption cases that reflect the government’s troubles delivering on one of its signature policies: reducing the bloat in major industries that are dragging down the economy.
Deutsche Bank Takes a Lashing From the Public
German citizens and lawmakers across the political spectrum see any state aid as unacceptable for a bank this is being openly derided as a national embarrassment.
India’s Army on Alert at Border in Wake of Kashmir Strikes
India’s army guarding its de facto border with Pakistan was on alert amid concerns of military escalation after India carried out strikes against militants in Pakistan-controlled territory a day earlier.
Thailand Confirms Region’s First Cases of Zika-Linked Birth Defects
Two infants have microcephaly related to infections of the Zika virus, the first such cases to be announced in Southeast Asia where health authorities have been tracking outbreaks in several countries.
Heard on the Street
Japan’s Long and Winding Detour to Inflation
The Saturday Essay
Europe Needs Its Realist Past
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JOIN NOWOn April 20 2010, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, creating the worst spill in U.S. history. Now a film has been released which tells the story of those working on board.
‘Deepwater Horizon’ Poses Fresh Woes for BP
The new movie, a $100 million-plus production from Lions Gate, doesn’t shy away from unflattering portrayals of BP executives, who are depicted as more concerned about budgets and schedules than safety. 97
Honest Co. to Drop Disputed Ingredient in Cleaning Products
Jessica Alba’s Honest Co. is reformulating its laundry detergent and other cleaners, removing an ingredient that has created controversy for the company over its product claims.
With NXP Deal, Qualcomm Would Add New Businesses, Risks
Qualcomm is best known for designing smartphone chips—and leaving the production to others. Now, the San Diego-based company is in talks to acquire chip manufacturer NXP Semiconductors in a shift that adds substantial risks.
Bidders Circle Japanese Sushi Chain
Bidders including Asian private-equity firm MBK Partners LP are in discussions to buy Japanese sushi chain Sushiro., in a deal that could fetch about $1.5 billion.
The Intelligent Investor
Death of the Stock Split: It’s Value, Not Price, That Matters
This year is on track to be the third-lowest for stock splits in modern history, behind only 2009 and 2010, when companies were too traumatized by the financial crisis to dare lowering their share prices.
Oil Prices Move Higher
Oil prices settled higher in volatile trade as market participants continued to weigh a tentative agreement to cut production among OPEC members and as investors cashed in recent gains.
FTSE Russell Opts Not to Add China’s Local Currency Shares to Indexes
The FTSE Russell index group has decided against adding China’s local-currency shares to its global benchmarks, reflecting investor concern over the openness and transparency of China’s stock markets.
Iraq Quarrel on Production Number Could Sink OPEC Deal
A crack is already evident in OPEC’s deal to cut oil production: Resurgent producer Iraq is disputing the output numbers that underpin the accord.
SoftBank Plans $4.5 Billion Investment in South Korean Tech Sector
SoftBank CEO Masayoshi Son said he intends to invest around $4.5 billion in South Korea’s technology sector over the next decade, with money going to fields including smart robots, the “Internet of Things” and artificial intelligence.
Hackers Infect Army of Cameras, DVRs for Massive Internet Attacks
Hackers used an army of hijacked security cameras and video recorders to launch several massive internet attacks last week, prompting fresh concern about the vulnerability of millions of “smart” devices in homes and businesses connected to the internet. 113
Samsung Battles Trust Concerns in China
Samsung sought to reassure consumers in China that its phones are safe in the country, as surveys suggested that confidence was taking a hit in a critical market for the smartphone giant.
5 Reasons Wal-Mart May Want a Slice of India’s Flipkart
Here are five reason analysts say the world's largest retailer might want a tie-up with the Indian startup.
Rosetta Probe Crash-Lands on Comet
Europe’s comet-chasing space probe Rosetta performed its final task, dipping out of orbit for a slow-motion crash onto the icy surface of the alien world it has been following for more than a decade.
Kerry Presses Russia Over Syria Attacks
The U.S. is still pursuing talks with Moscow on the Syria crisis, officials said Friday, days after Secretary of State John Kerry threatened to shut them down over a massive Syrian and Russian military offensive in Aleppo.
R.I.P.: Japanese Bank Tower That Embodied Nation’s Industrial Might
A bank tower that once stood at the center of Japan’s postwar industrial power will start to be demolished Saturday, one of several boom-era structures being torn down against the will of architectural preservationists.
Shimon Peres Laid to Rest
“Now his work is in the hands of Israel’s next generation,” President Obama said at the funeral of the statesman, which was also attended by Palestinian President Mahmoud Abbas. 104
Video
Uber Starts Food Delivery Service to Crack Japan's Market
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Duterte Compares Himself With Hitler
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Skydivers Swing From Hot-Air Balloons to Set World Record
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Travel
The Four October Film Festivals Movie-Lovers Should Know (Sundance Isn’t One)
Far better than a movie night? A movie getaway. Boutique film festivals in Savannah, Austin, Marin County and Woodstock are runaway hits.