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India strikes uncomfortable balance on biometrics

India’s extraordinary attempt to give every resident a biometric ID, the Aadhaar project, has just been declared constitutional — in part — by the country’s Supreme Court. It was hard to imagine any other outcome; too much time and money had been spent on Aadhaar, and too many of India’s poorest people had waited patiently in line for their chance ...

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US stocks, dollar rise on data; Italian bonds gain

Bloomberg US stocks rose towards records and the dollar gained after upbeat private jobs data bolstered confidence in the world’s largest economy. European assets firmed on news the Italian government may rein in spending. The S&P 500 Index headed for a record close as technology and financial shares advanced. Italian debt jumped after four days of selling and the Stoxx ...

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World’s worst stock market is not cheap enough to buy

Bloomberg For some Philippine money managers, it’s still too soon to scoop up shares in the world’s worst-performing stock market. As the Philippine Stock Exchange Index dipped below 7,100, taking its valuation to its lowest level since January 2016, Metropolitan Bank & Trust Co. is among the firms that’s staying on the sidelines. John Padilla, the head of equities at ...

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