There is a curiously retro aspect to the energy policies of the Trump administration, with its embrace of resource nationalism and love of extraction over efficiency. Coal, so redolent of the age of Bismarck, is its touchstone. And while the latest attempt to make coal competitive again, the Affordable Clean Energy proposal, is quite obviously not going to do much ...

Corporate banking in India is one of those painful-to-watch soccer games stretching goallessly into injury time. Neither the creditors nor the debtors have the energy to carry on, yet they’re dreading the long whistle: That’s when both sides lose. The match was supposed to end, going by the 180-day deadline the Indian banking referee gave lenders on March 1 to ...

Moody’s Investors Service published an in-depth look at US leveraged loans. And it seems the more the analysts dug in, the more alarmed they became. Yes, the nearly $1.4 trillion market can take comfort in a low 3.4 percent default rate that Moody’s projects will only get lower, most likely dropping to 2.2 percent over the next year. But that’s ...