Call it the new normal for European bank earnings. Standard Chartered shares plunged by the most in more than three years on Tuesday after the bank posted a “surprise” 2015 pretax loss of $1.5 billion, somewhat different from the $1.37 billion average profit estimate from 20 analysts. On Monday, HSBC delivered a “surprise” fourth-quarter pretax loss of $858 million, rather ...

Four years into the Obama administration’s “Asia-Pacific Rebalance” and on the eve of a tumultuous national election, questions about the coming consistency of U.S. foreign policy are at the forefront of every policymaker’s mind. Yet even without these disruptive factors, there is one area in which the United States should continue to provide coordination, collaboration, and commitment with allies and ...

Last November, in a bid to internationalize its currency, China’s yuan was successfully admitted to the International Monetary Fund’s Special Drawing Rights (SDR) basket of reserve currencies, joining the Euro, the US dollar, Japanese yen and British sterling in the cohort of elite currencies. The yuan’s ascension is an economic milestone for China and a political victory for the world’s ...