India is an emerging market standout. The country was one of only a handful of large economies marked down in forecasts from the International Monetary Fund (IMF) this week. India’s GDP is expected to rise 6.7% this year, compared with a previous projection of 7.2%. Next year’s estimate was also lowered. Midway through their term, Prime Minister Narendra Modi and his ...

The state of the union is strong in China. The nation not only holds $1.1 trillion of US debt, it’s also able to issue bonds, in dollars, at the same price as Treasuries. The Ministry of Finance announcement this week that it plans to sell $2 billion of dollar bonds marks China’s first offering in that currency since 2004. The ...

The Obama administration’s Clean Power Plan was never the best way to lower US greenhouse-gas emissions. A national tax on carbon dioxide emissions would have been far simpler and more effective. By making sure that all fuels are priced to account for their effects on climate, it would have let the market find the most efficient ways to cut emissions. ...