... * Glencore to cut 500,000 tonnes of annual zinc production. * Markets relieved that Fed seen hold off raising rates (Recasts, adds comment/detail, updates prices, changes dateline).
A man looks at an electronic board showing movement of the Nikkei 225 at the Tokyo Stock Exchange in Tokyo. Photograph: Kazuhiro Nogi/AFP/Getty Images.
The UK government has decided to convert part of its stake in Royal Bank of Scotland from non-voting B shares into ordinary shares to make them easier to sell, part of its push to privatise the state-backed banks.
Standard Chartered Plc Chief Executive Officer Bill Winters is planning to cut about a quarter of senior staff, resulting in about 1,000 job cuts worldwide, to help reverse a two-year profit slide at the emerging markets-focused lender, a person with ...
Lima: Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.