Gold and silver prices jumped more than 1% on Monday as investors fled to safe-haven assets after an attack on Saudi oil facilities raised concerns over global energy supply and ratcheted tensions in the Middle East.
The attack on Saudi facilities on Saturday caused the biggest oil supply disruption for more than 50 years.
China’s proposed digital currency could trigger global use of the yuan, according to the CEO of American cryptocurrency financial services firm Circle.
The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate.
US President Donald Trump will delay a planned tariff hike on $250bn (£202.8bn) of Chinese goods as a "gesture of good will".
Two of KPMG’s most senior financial consultants have quit the Big Four firm after Tim Howarth, their boss was ousted following an investigation into his conduct.
The European Parliament’s economic and monetary committee backed on Wednesday the appointment of Christine Lagarde as president of the European Central Bank, the committee said.
South African grocer Shoprite Holdings said on Wednesday several stores in its home market, Nigeria and Zambia were closed and extensive damage had been done to several supermarkets over the past 24 hours.
Argentina’s government has imposed currency controls in a bid to stabilize financial markets, as Latin America’s third-largest economy faces a deepening economic crisis.
India announced a series of mergers involving 10 state-owned banks, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth.
Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative.
China’s yuan drifted lower on Friday, set for its worst month since the country’s currency reform in 1994, due to trade tensions with the United States and a slowdown in the domestic economy.
Rising fears about the health of the global economy have prompted talk of recession, spreading anxiety about jobs and growth.
Gold prices eked out gains on Thursday as recession fears dented risk sentiment, with traders tracking the latest on a bruising U.S.-China trade war as well as global central banks for direction on interest rates.
Singapore plans to award licenses for its new digital banking initiative by mid-2020, with successful applicants expected to start business a year later, its financial regulator said.
A forgery crisis is quietly roiling the world’s gold industry.
Ratings firm Moody’s downgraded its outlook for global investment banks (GIB) Tuesday from “positive” to “stable” citing the slowdown in growth, and lower or negative interest rates.
Benin diva Angélique Kidjo has managed to secure hundreds of millions of dollars funding from the G7 world leaders for female entrepreneurs in Africa.
South Africa’s Standard Bank has taken a stake in local fintech firm Nomanini to offer credit to potentially millions of small shop owners and other informal retailers across Africa that have limited access to banking services.
Drugmaker Johnson & Johnson must pay $572m (£469m) for its part in fuelling the opioid addiction crisis in Oklahoma, a US judge has ruled.
Kenya exported its first crude oil on Monday, amid pointed speeches by local leaders asking the government to stick to its commitment to share revenues from future shipments equitably.
French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative to support women entrepreneurs in Africa.
Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said.
Asia's 20 wealthiest clans are now worth more than $450 billion combined, underscoring how the world’s economic growth engine is minting fortunes on an unprecedented scale.
The U.S.-China trade war and uncertainty over Brexit pose risks to Africa’s economic prospects that are “increasing by the day,” the head of the African Development Bank (AfDB) has said.
A British judge has ordered the Nigerian government to pay $9bn in assets to a small private company.
South Africa’s public debt, which is approaching rating agencies’ red line of 60% of economic output, is reaching uncomfortable levels, an IMF official said on Thursday.
South African fashion retailer TFG will decide next year whether to continue trading in Kenya and Ghana where it has at least six stores in each market, Chief Executive Officer Anthony Thunstrom has said.
Africa’s largest money manager sees “significant investment opportunities” in West African gold mining as the industry at the southern end of the continent declines.
Entertainment giants CBS and Viacom are to merge in the latest media mega-deal as broadcasters adapt to changing consumer demands.
Germany's economy shrank during the April-to-June period of this year.
The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day.
A new way of financing the fight against global diseases lured investors with annual returns of more than 11%. The deadly Ebola outbreak in Africa is highlighting shortcomings of so-called pandemic bonds in halting contagions.
Emerging-market currencies erased 2019 gains and stocks are teetering on the edge of following suit as investors dump riskier assets amid a renewed eruption in trade tension.
The European Union has nominated Kristalina Georgieva to lead the International Monetary Fund (IMF), ending weeks of impasse among 28 countries.
The chairman of BMW has warned Boris Johnson no-one would win from a no-deal Brexit and urged the new Prime Minister to listen to business.
In the outskirts of Nairobi, Kenya, Michael Nganga is watching a Chinese Kung Fu movie.
The number of electric car models available to consumers in Europe is expected to triple by 2021, says a European environmental lobby group.
Boeing on Thursday said it will take a $4.9 billion charge in the second quarter due to the worldwide grounding of its 737 Max planes after two fatal crashes that killed 346 people.
Nestle has introduced a new chocolate bar without added sugar, as the company tries to stay ahead of changing consumer tastes and trends.
The Managing Director and Chairman of the Board of the International Monetary Fund (IMF) has resigned.
Dubai Chamber of Commerce and Industry has announced the launch of a new website that delivers key insights into the burgeoning markets of Africa.
Computer pioneer and codebreaker Alan Turing will feature on the new design of the Bank of England's £50 note.
Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66% in June, data showed on Monday, stirring memories of years of economic chaos.
A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation.
Nigeria unveiled another set of measures aimed at forcing lenders to extend more credit in an effort to revive economic growth, this time cutting the amount of money companies can keep in interest-bearing accounts at the central bank.
Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.
Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday.
Nigeria’s central bank set a minimum loan-to-deposit ratio for commercial banks as it seeks to spur lending to stimulate the economy.
Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has been nominated as the President of the European Central Bank.
The U.S. could spark a currency war in “two to three years” once it shifts away from its trade war with China, a strategist has claimed.