Asos Plc’s Monday-morning disaster is only the start of British retail’s Christmas nightmare. The online clothing seller issued a severe profit warning on Monday. The shares initially fell 35 percent, amounting to an 800 million-pound ($1 billion) loss. A range of other chains were also dragged down. To some extent, it’s a surprise that the first seasonal shocker has come ...

China’s top leaders meet this week in Beijing to set economic policy objectives for the coming year. The central question is whether they will do what they want or what the country needs. Clear evidence has emerged in the past couple of months that the Chinese economy is slowing to an uncomfortable degree. That’s raised expectations that the leadership will ...

Critics have called the resignation of India’s former central bank chief Urjit Patel and appointment of former Finance Ministry official Shaktikanta Das as his replacement a blow to the hard-won independence of the Reserve Bank of India (RBI). Such fears are overblown. The changeover at the RBI is something else entirely: an opportunity to rebuild the central bank’s badly damaged ...