World Economy

The British government cut its stake in Lloyds Banking Group Plc by about 500 million pounds ($768 million) and paved the way for selling more shares in Royal Bank of Scotland Group Plc as…

Deutsche Bank AG is selling a credit-default-swaps trading portfolio of more than $250 billion, with JPMorgan Chase & Co. among several banks in talks, according to two people familiar with…

The Royal Swedish Academy of Sciences names its choice for the Nobel Prize in economics Monday. Forecasting who might win isn’t very scientific. Nominees for the awards—past or present—…

Greece has unveiled a draft budget for 2016 that sticks to the savings targets Athens agreed upon with its international creditors back in August, Deutsche Welle reported. The country’s economy…

Commodities group Glencore says it is reducing zinc metal production in Australia, South America and Kazakhstan in a move prompted by low zinc and lead prices, Associated Press reported. The…

Countries can’t count on other economies for growth as trade slows and emerging markets retrench, Bank of England Governor Mark Carney said.

Zimbabwe’s finance minister said on Friday that the southern African nation would clear arrears of $1.86 billion owed to international creditors such as the International Monetary Fund by the end…

Industrial production in the Netherlands fell 0.6% in August compared with the year earlier period, central statistics agency CBS said on Friday, Dutch News reported. The fall is mainly due to a…

The volume of investments made by Italy in Azerbaijan’s economy has exceeded $480 million, Azerbaijan’s Deputy Minister of Economy and Industry Sahib Mammadov said Oct. 9. He made the remarks…

Encana Corp. has agreed to sell some formerly prized oil and gas assets in Colorado for about $900 million to a partnership headed by Canada Pension Plan Investment Board, CBC reported. The deal…

The head of the International Monetary Fund, Christine Lagarde, has said the outlook for China’s economy is not all “doom and gloom”.

“I would say that it’s a recovery that is decelerating…

The German economy is showing signs of cooling down as inflation dropped to zero and exports fell the sharpest since 2009, Deutsche Welle reported.

German exports recorded their largest…

Britain posted a larger-than-forecast trade deficit in August and construction output fell at the fastest pace since 2012, underlining the economy’s slowing momentum.

French industry increased production by the most in over two years in August, beating expectations by a wide margin, in contrast with slumps in other big euro zone countries such as Germany, data…

Italian industrial output was slightly weaker than expected in August, falling 0.5% after a 1.1 rise in July and continuing the recent-see-sawing trend, national statistics institute ISTAT…

The United Nations Conference on Trade and Development’s Trade and Development Report 2015, which was launched on October 6, calls for radical reform of the international monetary and…

India’s growth rate is set to further outstrip China’s in 2016 with the gap between the two economies expected to widen to over 1%, a new report from the International Monetary Fund…

Mexican President Enrique Pena Nieto has introduced draft legislation for the creation of special economic zones in the southern states of the country.

The proposed SEZs would be set up in…

Abu Dhabi is reviewing its largest state-owned companies as the slump in crude oil pressures the emirate’s finances, four people with knowledge of the matter said.

The Paris conference on climate change should not set a target for future financial assistance to developing countries, according to the World Bank’s top official on climate change.

Russia’s Transaero airline has cancelled 53 flights for October 8, Aeroflot press service told TASS Wednesday. In particular, the company canceled flights to Moscow from St. Petersburg,…

Two Chinese startups separately backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have agreed to a merger that will create a $15 billion provider of local services like…

Fitch downgraded Ukraine’s long-term and short-term issuer default rating in foreign currency from “C” to “RD”, the international rating agency said, Tass reported. The similar rating in national…

UK manufacturing picked up by 0.5% in August after a July slump, the Office for National Statistics said on Wednesday, BBC reported. Car plants came back online after summer shutdowns and…

A price-rigging scandal involving some of the biggest banks in the $5.3 trillion-a-day foreign-exchange market is filtering through to customers, according to a report from Greenwich…