It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India’s homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing & Financial Services Ltd. (IL&FS). It wasn’t called belt-and-road, a term that would gain currency much later as a catchphrase for China’s opaquely ...

The first stage of this emerging market currency crisis was all about how the problems of individual nations were spilling over into contagion — but without dollar strength as a factor. No longer. A nine-year high for US average hourly earnings in last week’s non-farm payroll report, combined with the strongest reading for the manufacturing PMI index since 2004, have ...

When a company decides to get out of a market by selling off its assets, is that a good sign for the business in question, or a bad one? The answer will weigh on potential buyers of Seaco Srl, the fourth-largest lessor of shipping containers. HNA Group Co., which owns the company via its control of Bohai Capital Holding Co., ...