Singapore isn’t a place for monetary policy surprises. The central bank’s strike against inflation — only the third unscheduled move in two decades — sends a clear signal that expectations of higher prices for longer have gone mainstream. The Monetary Authority of Singapore (MAS) slightly raised the rate of appreciation of its main currency band, meaning it will let the ...

  China is putting market-oriented solutions for its troubled collection of property developers into practice — even in a market frozen by fear. Industry consolidation has always been Beijing’s preferred remedy for a liquidity crisis. In recent years, we witnessed a wave of regional bank mergers, with bureaucrats maneuvering behind the scenes to avoid stirring panic and bank runs. We ...

  After weeks of mostly fruitless diplomacy, Nato is bracing for war. Countering Russia’s buildup on Ukraine’s borders, the alliance is readying a force to deploy to eastern Europe that could include as many as 8,500 US troops. Denmark has dispatched fighter jets to Lithuania and a frigate to the Baltic Sea. Dutch F-35s are being moved to Bulgaria. Multiple ...