India’s slow-moving banking crisis continues to drag on, as ponderous and unstoppable as the state-controlled banking sector itself. A recent study found that the gross “non-performing assets” of state banks rose 56% in 2016, and 135% in the last two years. They now account for 11% of all state bank loans. These are hardly reassuring numbers. Yet the government—which, …

  An aging, fading, military-controlled Thai economy is on the cusp of its long-delayed infrastructure revolution, but you wouldn’t know it from the share prices of the big four in the nation’s construction industry. Ch. Karnchang Pcl, the largest by market value, fell to a four-month low last Friday after tepid results at its power and transportation units. While rising …

  Perhaps even more than in the typical debate over tech company IPOs, opinions are split on whether Snapchat’s shares are worth buying in its initial public offering and whether it will prove a fit and lasting public company. The answer to the first question will come on Wednesday, when Snapchat is expected to close its first stock sale to …