“Know thyself,” goes the Delphic maxim. You might think it superfluous advice for the world’s biggest banks — that the executives responsible for global finance would insist on a complete picture of the risks they’re running. Yet the crash almost a decade ago showed they didn’t know enough. And even now, their investment in self-awareness falls short. When financial markets ...

As President Trump prepared to wrap up his 12-day trip to Asia on November 13, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: ‘the Indo-Pacific.’ US national security adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to ...

US President Donald Trump last week joined a long line of Western leaders straining to break open China’s markets for foreign companies. He’ll quickly discover that projecting Western hopes and ideals rarely works. No matter how beautiful the chocolate cake. What can work, however, is recognizing when China could use a foreign partner to help it achieve something Beijing wants, ...