World Economy

UK Prime Minister David Cameron will be challenged to tackle the £245 billion ($380 billion) difference in men’s and women’s earnings on Tuesday as the new Women’s Equality Party announces its…

The Swiss National Bank may have to sell francs again should quantitative easing be expanded in the euro area, Bloomberg reported.

Sixty-three percent of economists predict the central bank…

Venezuela’s international reserves fell to a 12-year low of $15.3 billion as the South American country faces payments on its dollar debt totaling $4.5 billion in October and November. Reserves…

Saudi Arabia is delaying payments to government contractors as the slump in oil prices pushes the country into a deficit for the first time since 2009, according to three people with knowledge of…

One of China’s top businessmen, Alibaba founder Jack Ma, has been appointed by British Prime Minister David Cameron to advise him on business, Downing Street said Monday.

The announcement…

State-owned Japan Post on Monday set prices for separate initial public offerings of its bank and insurance arms at the top of their ranges, indicating strong demand from retail investors in what…

German lending giant Deutsche Bank has announced a top-level streamlining of its business. The beleaguered bank has been plagued by litigation amid an interest rate-rigging scandal, Deutsche Welle…

Asking prices for homes in London surged by £10,000 ($15,500) this month as sellers took advantage of their market dominance to squeeze more from prospective buyers, according to Bloomberg.

Air France will cut less than a third of the 2,900 job cuts it proposed to slash in an initial plan for 2016-2017 that triggered clashes with some of its staff, the chief executive of parent…

US stock-index futures fell, with equities at an eight-week high, as Morgan Stanley joined banks posting results this season that disappointed investors, Reuters reported.

The euro slipped to a 10-day low against the dollar on Monday, as investors eyed a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation…

Goldman Sachs Asset Management says the pound is set to strengthen against the dollar as the Bank of England will probably raise interest rates sooner than the market predicts, Bloomberg reported…

China’s Ministry of Commerce on Monday approved Nokia’s proposed acquisition of French rival Alcatel-Lucent with conditions, almost completing the €15.6 billion (11 billion pound) deal’s antitrust…

News of China's economic cool down hit global stock markets on Monday, ahead Chinese President Xi Jinping’s state visit to United Kingdom.

China's statistics agency has said that the…

Reserve Bank of India Governor Raghuram Rajan urged the International Monetary Fund on Monday to play an active role in questioning the stimulus policies of developed economies and called on…

The Bank of Japan maintained its upbeat assessment for all nine of the country’s regional economies and stressed that the pain from China’s slowdown was limited for now, suggesting that it saw no…

Mission chiefs of Greece’s international lenders will briefly visit the country on Oct. 20 to be informed about the pace of reforms following approval of key legislation last week, a Greek…

India’s coal imports fell 27% to 12.6 million ton in September from a year earlier as local output jumped, Coal Secretary Anil Swarup said on Monday, Reuters reported. “With unprecedented increase…

Morgan Stanley’s earnings dropped 42% in the third quarter, more than analysts forecast, as the bank’s bond trading business weakened, Associated Press reported. The New York-based investment bank…

Valeant Pharmaceuticals International Inc, which is under fire for massive price hikes of its two heart drugs, reported a better-than-expected quarterly profit, boosted mainly by strong…

The Bank of England will lay out its approach to stress testing banks next week, bringing in its most recent thinking about the way the financial system interacts with the business cycle and how…

Bombardier Inc’s plans to sell a minority stake in its rail unit via an initial public offering in Germany have been put on the back burner and any listing may now only occur in the second quarter…

Stocks rose in the United Arab Emirates on Sunday, home to about 6% of the world’s proven oil reserves, after Brent crude climbed above $50 a barrel and global stocks rallied, Bloomberg reported.…

A group of five banks, including Goldman Sachs Group Inc. and Morgan Stanley, have asked exchanges for proposals on how to start standardized central clearing and listed derivatives for the London…

Saudi Basic Industries Corp, one of the world’s largest petrochemicals groups, reported a 9.4% drop in third-quarter net profit on Sunday, extending a profit slump as product sales prices declined…