It took just 24 hours for politics and optics to trump economics and common sense. Recently, I suggested that India was striking the right balance by preventing only “wilful” defaulters from bidding for their own assets in bankruptcies. Since with most of the country’s $207 billion of impaired loans, there’s no proof of malfeasance by the controlling shareholders—or promoters as ...

Consumers are spoiled for choice when it comes to choosing the right alternative commodity-linked currency to pay for their groceries. First we got the Bitcoin Visa card, the perfect gift for those who want an easy way spend a cryptocurrency that has gained 800 percent this year on goods whose price is up a relatively mild 3 percent. Swipe the ...

South Korea’s corporate watchdog is going after charities that the nation’s family dynasties may have been using to skirt power-diluting inheritance taxes and maintain control, according to a Bloomberg News report. That’s a smart move, but an incomplete one. For the crackdown on the $12 billion in foundation money held by chaebol including Samsung Group and Hyundai Motor Group to ...