It’s been a decade since the worst financial crisis since the Great Depression, and yet here we are in a world where the highest government bond yield starts with the number “2.” Among the world’s major developed economies, only the English speaking countries – the US, UK, Canada, New Zealand and Australia – still have monetary policy rates above zero. ...

A troubled British consumer brand with an illustrious past. Too much debt. A big Chinese investor. Sound familiar? Pizza Express Ltd., which is preparing for debt talks with creditors, is being compared to Thomas Cook Group Plc, the travel operator that collapsed last month. The 54-year-old restaurant chain isn’t in as precarious a state as Thomas Cook was for much ...

The contagion risk from India’s year-old shadow banking crisis has suddenly turned much graver. What investors don’t know yet is whether the new problem is a $4 billion headache, a $16 billion migraine, or a life-threatening tumor. On October 9, the Reserve Bank of India quashed a proposed merger of Indiabulls Housing Finance Ltd., one of the country’s largest real-estate ...