Egypt's revaluation: a prelude to unshackling the pound?
Egypt's revaluation of the pound this week has raised expectations of a major shift in how it manages a long-running currency crisis, with evidence growing that the central bank may be preparing for a more flexible exchange rate mechanism.
World stocks fall on China worries; oil ends lower
World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped.
Some EU countries deserve budget leeway over refugee crisis
European countries most affected by the refugee crisis may be granted some leeway on fiscal rules for a limited period of time, the head of the euro zone finance ministers said on Monday.
Greece approves reform bill, eyes bailout tranche
Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds.
EU looks for silver lining in Erdogan election landslide
After stifling initial groans of dismay, European policymakers are looking for a silver lining for EU-Turkey relations in the emphatic election victory of President Tayyip Erdogan's Islamist-rooted AK Party.
Oil slips on China data, Russian output; gasoline weighs too
Oil prices fell on Monday after soft Chinese factory data raised worries about energy demand in the No. 2 economy, while record high Russian crude output suggested little easing in the global supply glut.
Japan and China agree on moves to mend ties further
Japan and China agreed on Sunday to restart mutual visits of their foreign ministers and hold bilateral high-level economic dialogue early next year, a Japanese senior government spokesman said, as ties between Asia's two biggest economies warm.
Mexican state in deal with China for industrial park: sources
A major state-owned Chinese company has struck a preliminary deal to develop an industrial park in western Mexico that could be one of China's biggest-ever investments in Latin America's second largest economy, Mexican officials said.
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