Chairman of major Chinese developer Vanke is stepping down, and shares are jumping

The founder and chairman of developer China Vanke, Wang Shi, said he will step down from the board following a long power struggle over the company’s ownership. “Today, Vanke announced a new board of directors of the candidate list. When I was considering...

Karen Handel Wins Georgia Special Election, Fending Off Upstart Democrat

By JONATHAN MARTIN and RICHARD FAUSSET June 20, 2017 ATLANTA — Karen Handel, a veteran Republican officeholder, overcame a deluge of liberal money to win a special House election in Georgia on Tuesday, bridging the divide in her own party...

Roughly $17 billion or more could now flow into Chinese stocks, MSCI exec says

About $17 billion to $18 billion should initially flow into mainland China’s stock market once some of those stocks are added to the key MSCI Emerging Markets Index, an MSCI executive said Tuesday. MSCI announced earlier Tuesday a long-awaited decision in favor...