Opinion

If a country has a problem with its banks, the thing to do is to come up with a strategy and execute it swiftly. The trouble with Greece is that it has too many plans – and is taking too long to choose between them. The Greek banking system is saddled with a very large number of non-performing loans, a ...

India can burn through as many central bankers as it wishes, but unless politicians let the Reserve Bank of India (RBI) do its job, the economic setup will fall short of the nation’s aspirations. It’s commendable that Prime Minister Narendra Modi moved swiftly to replace Urjit Patel, who quit this week as RBI governor. It’s never good to have a vacuum ...

Count the straws in the wind, and it looks like the trade tensions between the US and China could be moving closer to a resolution. Don’t relax just yet, though. Beijing will delay by a decade some of the targets in its Made in China 2025 program to move into high-technology industries, people familiar with the matter told Bloomberg News ...

Many of us have long argued that, whatever its problems, India is one of the best long-term bets in the world for one simple reason: It has the sort of world-class institutions that can help build and sustain a genuine market economy. Sadly, many of those same institutions are being undermined by the country’s own leaders — most recently the ...

China has capitulated on cars. Or so it may seem to trade-war watchers. A premature President Donald Trump tweet, a phone call between trade negotiators and then days later, China may be backing down on a key bone of contention: An elimination of retaliatory tariffs on US automobiles has been submitted to the State Council, people familiar with the matter ...

When they’re not busy bemoaning a shambolic Brexit, Brits now have another embarrassment to lament. London’s 17.6 billion pound ($22 billion) Crossrail project was meant to open this month, but it won’t. On December 10, London’s authorities confirmed that the railway connecting Heathrow Airport in the west with Canary Wharf in the east will need up to 2 billion pounds ...

If you like betting on embattled underdogs, President Tsai Ing-wen is worth a look. She’s tempting the wrath of her powerful neighbour in mainland China by arguing that Taiwan must maintain its own open culture, democratic values and, yes, its sovereignty. Tsai is a petite woman, dressed in a plain black suit, who speaks the careful language of a Cornell-educated ...

People who know Urjit Patel, the Reserve Bank of India (RBI) governor, told me he would stay on and fight. That was in late October, when it became clear from his deputy’s speech that New Delhi was making a determined attempt to curtail the RBI’s authority as a banking regulator, and even to raid its capital. But after a November ...

Apple Inc. investors looking for any ray of hope may have found it in Taiwan. Shares of Apple have fallen more than a quarter since October on concern that iPhone sales are slowing, a prospect that’s been exacerbated by the threat of US tariffs on devices made in China. Revenue at the two main assemblers of iPhones showed growth that ...

Facing a historic defeat for her Brexit deal in Parliament, British Prime Minister Theresa May has, almost unbelievably, managed to make things worse. In a speech before the House of Commons on Monday, May postponed a vote on the deal and vowed to reopen talks with the European Union on the most contentious aspect of the whole undertaking, the Irish ...