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Argentina’s currency crisis illustrates two facts of finance

The collapse in Argentina’s currency underlines two facts about global finance that are well understood yet far too easily forgotten. First, the effort to normalize US monetary policy after a decade of extraordinary monetary stimulus has put many other economies, especially those at risk for domestic reasons, under greater financial pressure. Second, once a crisis of confidence gets going, it ...

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Next steps for Trump’s trade negotiations

The US reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada appears to be on track. These breakthroughs, combined with an easing of tensions with the European Union, could allow a more coordinated approach to the toughest trade problem of them all: reaching an agreement with China. This is good news for ...

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There might not be a pot of gold in Indian retail

Apparently there’s a pot of gold in Indian retail, and big players from around the world want to dip in. Many of them are likely to come up empty-handed. The volume of high-profile announcements in the sector recently has been remarkable. Walmart Inc. led with a $16 billion deal to buy Flipkart Online Services Pvt. Ltd., India’s largest e-commerce retailer; ...

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