India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. Of this, at least 55 percent will have to come from public resources. Where’s the money? Those figures from an analysis by the Confederation of Indian Industry are the No. 1 challenge ...

Ever since the economist Milton Friedman claimed the sole responsibility of business was to maximise pro-fit, there’s been a lively debate about whether companies sh-ould have other, more socially beneficial aims. It’s pretty much accepted practice, though, for a firm to try to sell more of their products and services. To not do so is a good way to go ...

For weeks now, financial markets have been treating a July interest-rate cut by the Federal Reserve as a sure thing. That’s a big deal because over the past quarter-century, the central bank has never failed to deliver when implied odds reach 100 percent. I’m certainly not one to fight the bond markets. But … there’s a first time for everything. ...