As President Trump prepared to wrap up his 12-day trip to Asia on November 13, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: ‘the Indo-Pacific.’ US national security adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to …

US President Donald Trump last week joined a long line of Western leaders straining to break open China’s markets for foreign companies. He’ll quickly discover that projecting Western hopes and ideals rarely works. No matter how beautiful the chocolate cake. What can work, however, is recognizing when China could use a foreign partner to help it achieve something Beijing wants, …

Are cryptocurrencies an asset class? That depends on you. When you choose an investment portfolio, do you want to start with a category for these new currencies along with stocks, bonds and money market instruments? This is not related to the question of whether or how much you should invest. You can call cryptocurrencies an asset class and assign zero …