China Warms To a More Flexible Yuan

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After years of allowing nearly uninterrupted gains in the yuan, China is growing more willing to let it depreciate modestly while seeking to add flexibility to its trading.

Emails Unveil Snapchat's Secretive CEO

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Leaked emails involving a Snapchat director show the startup’s rapid rise was the work of a secretive entrepreneur with a distaste for Silicon Valley conventions.

Banks Find Niche Helping Firms Defend Against Activists

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Shareholder activism is proving to be big business for Wall Street, providing banks with opportunities to cozy up to coveted corporate clients and position themselves to reap hefty fees.

NYSE Plan Would Revamp Trading

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The owner of the New York Stock Exchange is pushing a major overhaul of the U.S. stock market aimed at helping exchanges reclaim their role at the center of trading.

India's SpiceJet Cancels Flights

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SpiceJet canceled flights Wednesday morning as the cash-strapped budget airline struggled to pay for fuel, triggering a selloff of the Indian company’s shares and further damaging its reputation.

Ports Crisis Brings Commerce to Crawl

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Tommy Bahama and other retailers are a casualty of congestion snarling ports on the West Coast. The logjam in part stems from labor negotiations between port employers and workers.

Australian State to Proceed with Power-Network Sale

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Australia’s most populous state will go ahead with the partial privatization of its electricity network, as it attempts to raise funds for new infrastructure.

EU to Widen Sweetheart Tax Deal Probe

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European Union authorities will widen a high-profile investigation into alleged sweetheart tax deals for multinational companies, in the bloc’s latest move to clamp down on aggressive tax avoidance.

Russian Controls Would Risk Capital Chaos

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Heard on the Street: The ruble’s slide has sparked talk of Moscow introducing capital controls—which could worsen the crisis.

BlackBerry Launches New Phone

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BlackBerry unveiled a device meant to appeal to its traditional customers with signature BlackBerry phone features like a physical keyboard and trackpad.

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