The Indian central bank is shutting down its halfway houses for debt addicts. In the process, it’s also throwing out an infuriating alphabet soup: CDR, SDR, S4A and their ilk. Lenders will now have a much cleaner—and stricter—system for dealing with distressed large borrowers. If they still try to hide bad loans, the Reserve Bank of India (RBI) will whack ...

Time and space are wonderful things — except South Africa doesn’t really have the luxury of either. The ruling African National Congress party are trying to smooth the end of President Jacob Zuma’s political career, and decided not to set a deadline for him to respond to their decision that he should leave office. An extended exit has the capacity ...

Two days before the horrific school shooting in Parkland, Florida, that killed 17 people on February 14, Remington Outdoor Co. announced that it was filing for bankruptcy protection. Remington Outdoor is the world’s biggest gun company. In addition to Remington rifles, its brands include Bushmaster, Marlin and DPMS. It is owned by the private equity firm Cerberus Capital Management, which ...