Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) clinched a landslide victory in key state elections that are seen as a referendum on the performance of Modi’s three-year-old government. BJP won 311 out of 403 seats in Uttar Pradesh, India’s largest state. The historic verdict would boost Modi’s chances of winning another term as India’s prime minister in …

  To committed readers of the financial press, it was almost impossible to miss the proclamations that a milestone had been passed: The bull market, as of yesterday, was eight years old. For a sampling of examples see this, this, this, this, this or this. This formulation is wrong, since it misconstrues the definition of a bull market. Rather than …

  Global asset markets may not be taking Janet Yellen’s warnings on rate increases too seriously, but Singapore got Fed-ready with the surprise announcement that the city is easing property curbs. Starting in 2009, those restrictions on buying, selling and financing real estate came in waves of increasing severity after Singapore found its open economy inundated with cheap money printed …