When Moody’s Investors Service polled market participants in Hong Kong recently, 70% picked India’s banking system as the most vulnerable among seven countries in South and Southeast Asia. I wonder what remaining 30% were smoking. As another earnings season rolls on, the weaknesses of Indian lenders are once again obvious. What’s not as apparent, though, is an quadrifurcation of Indian ...

Greece returned to the private debt market this week for the first time in years, raising 3 billion euros at a relatively affordable interest rate of 4.6 percent. That’s encouraging news — but it doesn’t mean the euro zone’s most flattened economy is on course for sustained growth. The economy is showing signs of life, growing a bit in the ...

Like the rage of Achilles, Donald Trump’s tweets are sudden, explosive and freighted with tragedy. Yesterday brought the most foreboding yet. “After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow……” And then: nothing. For a full nine minutes, the world was left to ponder what those ominous six ...