Is it a blip, a correction or the end of days? Stock markets in Asia tumbled on Monday, extending the biggest global selloff in two years. Equity investors are fretting as Treasury yields approach 3 percent. On Friday, 10-year returns touched 2.85%, and the dollar rallied 0.9 percent. Some context, however. While the MSCI Asia ex-Japan Index’s 7.5% return in ...

Political dysfunction is unquestionably aggravating the UK’s Brexit nightmare. But the resignation of Prime Minister Theresa May, as some in her own party are calling for, would only make matters worse. The Tories will never agree about the European Union. What they need to do is get their divisions under some kind of control. At the moment, the increasingly assertive ...

India remains a land of missed opportunities. When Prime Minister Narendra Modi came into office in 2014, he raised hopes that he would reform administration, fix regulations, super-charge the economy and reinvigorate private investment. One can debate how much he’s accomplished on those fronts. But his record on one issue—fiscal restraint—had seemed impeccable. Helped by low crude oil prices, which ...