Banks and other financial companies are shifting more assets and jobs out of the United Kingdom as the country lurches towards Brexit.
Boeing has told airlines it expects to have new software for its 737 Max plane ready by the end of the month.
The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. central bank meeting next week where policymakers will shed more light on the outlook for interest rates.
Boeing investors lost $26.6 billion in the first two trading days this week following the deadly crash of one of its popular 737 Max 8 jets in Ethiopia.
Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW’s operating margin to 6 percent.
The U.S. aviation regulator said it would not ground Boeing Co 737 MAX planes after a crash in Ethiopia that killed 157 people, bucking a trend of countries around the world that have suspended the aircraft’s operations.
The government has announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.
Singapore and Australia became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian Airlines crash’s 157 victims dragged and black box recorders were yet to yield the cause.
The global economy’s sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics.
The United States will mandate that Boeing Co implement design changes by April that have been in the works for months for the 737 MAX 8 fleet after a fatal crash in October but said the plane was airworthy and did not need to be grounded after a second crash on Sunday.
Responding to the second crash of a Boeing 737 Max 8 soon after takeoff in less than five months, China ordered its airlines on Monday morning to ground all 96 of the aircraft that they operate.
Chinese exports saw the steepest fall in three years in February, adding to worries about growth in the world's second largest economy.
European Union member states have unanimously rejected a proposal by the EU executive Commission to blacklist 23 countries and territories it believes pose a high risk of money laundering or terrorist financing.
South African stocks are the cheapest on record relative to their emerging-market peers, but they are still not cheap enough for foreign investors.
Lebanon has withdrawn its nomination of Ziad Hayek to be the next World Bank president.
Zimbabwe’s Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, underscoring the severity of dollar shortages, Governor John Mangudya said.
Newmont Mining Corp. rejected Barrick Gold Corp.’s $17.8 billion unsolicited takeover bid, a deal that would’ve created the world’s largest gold producer.
There’s more to life than money, and economists know it. As new assessments of global living standards proliferate, attempting to gauge how healthy, happy and successful humans are depending on where they live, a pattern is slowly emerging.
Royal Dutch Shell Plc is facing prosecution in the Netherlands over a license in Nigeria, intensifying its legal troubles from a transaction that has dogged the company for years.
Nigerian banking stocks slumped the most since June 2016 a day after the re-election of President Muhammadu Buhari, as some investors showed disappointment at the defeat of his market-friendly opponent.
Almost two decades of profligate monetary policy has destroyed Zimbabwe’s economy and fueled rampant inflation, decimating the savings of its people twice.
The best way to appreciate the scale of Aliko Dangote’s empire is to hitch a ride on one of his private jets.
A long-awaited plan from Standard Chartered Plc to cut costs and refine the emerging market lender’s geographic network fell flat.
Zimbabwe’s commercial banks are under orders to restrict U.S. dollar transactions to companies and individuals with foreign payments to make, according to a central bank directive that demonstrates the slow progress of currency reforms.
President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
Zimbabwe’s central bank began trading a sharply discounted replacement currency on Friday, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty.
Nigeria has ordered foreign oil and gas companies to pay nearly $20 billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.
A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.
UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes.
A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization (WTO) has said.
Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
Businesses in South Africa are struggling to operate amid rolling blackouts that affect their operations for as many as five hours at a time.
The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase.
Africa-focused Tullow Oil reported its first annual net profit in five years on Wednesday and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
Promises by Nigerian presidential candidates to fix an economy that vies with South Africa’s to be the continent’s largest could be unfulfilled unless the country is weaned off its oil dependence.
When going to the debt markets, officials should dress well, but they should not try to dress up their economies in a misleading way, Kenya’s central bank governor said.
Blackstone Group, the world’s largest private equity firm, has pulled back on a plan to invest billions of dollars across Africa, the latest US investor to temper its ambitions on the continent.
Nigeria expects $3 billion in investment funding from citizens living mainly in the U.S. to support the agriculture, power, mining and transportation sectors, a senior presidential adviser said.
Venezuela’s most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation’s southern reaches.
The economic outlook in the euro area is going from bad to worse.
South Africa’s first deep-water discovery, reported Thursday by French oil major Total SA, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels.
"The future of our continent is looking very promising indeed," African Development Bank Group, President Akinwumi Adesina, declared in the opening words of his address to diplomats at a lunch organized, in Abidjan.
US President Donald Trump has named senior Treasury Department official David Malpass to lead the World Bank.
The wave of consolidation sweeping the gold mining sector is for now passing the wider sector by as diversified majors have delivered returns to keep shareholders happy and investors are wary of repeating past mistakes, executives said.
The British government promised Nissan up to £80 million ($104 million) as it sought to reassure the Japanese carmaker about the future of its UK operations after the Brexit vote in 2016.
The trade war between the United States and China has caused major disruptions for global businesses — but it may also bring benefits for some.
AngloGold Ashanti Ltd. said full-year profit, excluding some one-time items, climbed more than sevenfold from 2017 after it shut and sold mines in South Africa and lowered amortization in Brazil.
Oil hit a two-month high near $64 a barrel as OPEC-led supply cuts and U.S. sanctions against Venezuela’s oil exports brightened the supply outlook, but prices fell back on uncertainty about prospects for global economy.
Global deepwater liquid production is set to jump by 700,000 bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, thanks to new fields coming on stream in Brazil and the U.S. Gulf of Mexico, research firm Rystad Energy said.
The Public Investment Corp.’s board of directors offered to resign amid an inquiry into allegations of wrongdoing.
The European Union’s antitrust authority has charged eight unnamed banks with operating a cartel in trading euro zone government bonds between 2007 and 2012, years when the financial crisis dragged down banks and countries.