The $12.8 billion bankruptcy of shadow lender Infrastructure Leasing & Financial Services Ltd. (IL&FS) is starting to offer a glimmer of hope. It’s about time. Unexpected defaults by the financier, owner, and operator of Indian infrastructure assets have caused a liquidity squeeze, which has brought strained relations between the government and the central bank to breaking point. The good news ...

The cryptocurrency market was roiled this month by something known as ‘stablecoins.’ These are an odd hybrid and among the most controversial and least-understood cryptocurrencies, but they’re important to the future of the internet economy. Up until October 10, the previous month had been quiet for cryptocurrencies. That’s when an intense burst of trading just before midnight New York time ...

Bloomberg The world’s major economies that entered 2018 accelerating in sync risk entering 2019 decelerating in sync. The shift is being led by China, where the economy’s weakest performance since 2009 is set to worsen unless a peace can be struck in the trade war with the US. Factory readings from Asia already show a fallout, with Taiwan, Thailand and ...