The investment metric on which Indian banks appear most eager to ape their Chinese peers is the price-to-truth ratio. While investors know better than to take the People’s Republic’s published bad loan ratio of 1.74% at face value, they have been reasonably certain that Indian lenders are more honest, following a 2015 review of asset quality by the central bank. …

Britain’s new relationship with the European Union is still a long way from being settled, but Brexit has started a process that is bound to hurt the City of London. Earlier this month, the European Commission launched a review of the rules governing one of the City’s lucrative lines of business — the clearing of derivatives denominated in euros. The …

North Korea test-fired yet another ballistic missile on Sunday in a stark defiance of United Nations sanctions and US warning that a policy of patience was over. It was a new ground-to-ground medium long-range strategic ballistic rocket Hwasong-12. It came days after South Korea’s newly elected president Moon Jae-in vowed to engage with North Korean leader Kim Jong-un. The missile …