Markets hate uncertainty, and Brexit has it in spades. Leaving the European Union (EU) seems to present the UK with an unappealing choice of either a lot of economic harm via crashing out without a deal, or slightly less damage via Theresa May’s withdrawal agreement. But there are reasons why investors might start thinking about more blue-sky scenarios: Either a ...

Dismantling the opaque underbelly of China’s financial system is proving far tougher than Beijing could have imagined. After rolling out a stream of reactive regulatory measures over the past year, authorities are now preparing to effectively phase out the $176 billion peer-to-peer lending market, Bloomberg News reports. Small and medium-size P2P platforms will be wound down, while large ones will ...

Anyone puzzled by how the Indian economy manages to grow swiftly while somehow failing to be prosperous could do worse than look at the state of India’s airlines. Over the past four years, passenger growth in India has been rapid: The number of flights taken has increased between 15 and 20 percent per year. Demand growth this year is likely ...