The UK’s Financial Conduct Authority has announced the end of Libor — the London interbank offered rate, one of the world’s most important interest-rate benchmarks. This is no minor technical adjustment. The change will have far-reaching effects in global financial markets. It’s a good move — and the timing is right. Libor is used to set payments on more than ...

France’s new president, Emmanuel Macron, vowed to attract more foreign investment and to push for greater European integration. His government’s decision to block an Italian takeover of France’s STX shipyard has broken both promises in one fell swoop. Finance Minister Bruno Le Maire said recently that France would temporarily nationalize the yard —blocking a deal that would have seen Italy’s ...

The ousting of Pakistan’s prime minister by the country’s top court dramatically raises the risk profile for investors and businesses in the tumultuous, but fast-growing South Asian economy. The Supreme Court’s disqualification of Nawaz Sharif after a graft probe, prompting his resignation, poses big challenges to the country’s credit profile. As the stock market dipped on Friday, the court’s dramatic ...