There’s a common misperception that the US is the land of small government, where the poor receive little assistance. To many on the left, the US is a uniquely bad actor, eschewing the enlightened social democracy of Western Europe and leaving the economically unfortunate to suffer. Those on the right tend to take a more positive view of the same ...

Other than the embarrassment of asking the country’s second-largest state-run lender to, well, stop lending, there’s no other reason why India should allow Punjab National Bank (PNB) to advance even one rupee to anybody except the government. The financial institution, at the epicenter of a massive fraud allegedly committed by uncle-nephew jeweler duo Mehul Choksi and Nirav Modi, last week ...

The company that makes your iPhones isn’t the only Apple that matters on global markets. Have a look what’s happening in China. Trading volume in the apple futures that launched on the Zhengzhou Commodity Exchange in December has been soaring in recent months. On May 15 alone, 4.6 million contracts changed hands – representing 46 million metric tons of apples, ...