Within the space of little more than a year, the European Central Bank (ECB) will see two profound changes at its top. At the end of 2018, Daniele Nouy will step down as head of the Supervisory Board, the body in charge of overseeing the euro zone’s largest banks. Then, in the autumn, it’ll be Mario Draghi’s turn to leave ...

The jewel gathering dust in India’s bankruptcy court can have a suitor after all. The two top bidders may stay in the race for Essar Steel India Ltd.’s 10 million-tons-a-year plant, the country’s top court ruled, provided they first make banks whole. There’s the catch. For ArcelorMittal, the payment required is for two unconnected defaults. The world’s biggest steel producer ...

Sometimes, Brexit seems like it might subsume British public life entirely. So some credit is due to Prime Minister Theresa May, who tried to articulate a broader agenda at her party’s annual conference this week. Regrettably, her policies were a mix of modest improvements and ambitious mistakes — a schema largely out of tune with the challenges the country now ...