Don’t be surprised if in 20 years, Singapore’s wealth-management industry starts resembling a mini-United Nations, with bankers wearing their nationalities on their sleeves. Last week, Gadfly commented on one such act of flag-waving. PT Bank Mandiri, Indonesia’s largest lender by assets, plans to set up a private banking outfit in the city-state to target offshore Indonesian wealth. While that proposal …

Donald Trump’s vision of a Justice Department that serves Donald Trump instead of the cause of justice is horribly askew. But it is quintessentially Trumpian, and therefore unsurprising. Attorney General Jeff Sessions should know better. After the president questioned his judgment and competence in an interview with The New York Times — and said Sessions’ decision to recuse himself from …

President Donald Trump has made a welcome retreat from his threats to scrap ‘the worst trade deal maybe ever signed anywhere.’ His administration’s plan for renegotiating the North American Free Trade Agreement, released this week, is surprisingly benign. Granted, the administration’s declared purpose for those talks — to reduce the US trade deficit — highlights its weak grasp of basic …