The proposal to freeze oil output at January levels by Saudi Arabia, Russia, Venezuela and Qatar is a silver lining for the market and crude producers, as it signifies a genuine attempt to reverse sharp slide in oil prices that has pummeled economies, markets and companies. While the deal is preliminary, it’s the first significant cooperation between OPEC and non-OPEC ...

For investors seeking reasons to worry about banks, here’s another: They’ve lent a lot of money in currencies that borrowers will have a hard time paying back. The phenomenon illustrates how capital flows work in a financially integrated world — and how they can contribute to booms and busts. As the U.S. Federal Reserve and the European Central Bank held ...

India, it seems, is replacing China as Asia’s star economy. While China’s growth has slipped below 7 percent, new reports suggest that India’s economy will expand by 7.6 percent in the fiscal year ending in March. Leaving aside the accuracy of these figures, the preoccupation with growth rates has obscured an equally important trend: China is blowing India away in ...