A word of advice for Congress as it ponders new schemes for internet regulation after the ‘perp walk’ this week of Facebook tycoon Mark Zuckerberg: Don’t do it. Zuckerberg is a very tempting target. His serial apologies show how Facebook became so entangled in its corporate mission to ‘bring the world closer together’ that it stopped putting the customer first. ...

One under-appreciated factor behind Indian Prime Minister, Narendra Modi’s success as Indian prime minister has been the tailwind he’s received from low oil prices. Brent crude averaged $99.43 a barrel during his predecessor Manmohan Singh’s second term in office, putting pressure on an economy that’s heavily dependent on imports. It began its precipitous decline from those levels just weeks after ...

It’s time to face facts. Interest-rate arbitrage no longer works — the Hong Kong dollar is being driven more by money flows from China. The city’s currency fell to HK$7.85 per dollar last week — the weak end of its permitted band for the first time since the range was imposed in 2005. The Hong Kong Monetary Authority said it ...