It took just 24 hours for politics and optics to trump economics and common sense. Recently, I suggested that India was striking the right balance by preventing only “wilful” defaulters from bidding for their own assets in bankruptcies. Since with most of the country’s $207 billion of impaired loans, there’s no proof of malfeasance by the controlling shareholders—or promoters as …

Consumers are spoiled for choice when it comes to choosing the right alternative commodity-linked currency to pay for their groceries. First we got the Bitcoin Visa card, the perfect gift for those who want an easy way spend a cryptocurrency that has gained 800 percent this year on goods whose price is up a relatively mild 3 percent. Swipe the …

South Korea’s corporate watchdog is going after charities that the nation’s family dynasties may have been using to skirt power-diluting inheritance taxes and maintain control, according to a Bloomberg News report. That’s a smart move, but an incomplete one. For the crackdown on the $12 billion in foundation money held by chaebol including Samsung Group and Hyundai Motor Group to …