Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year – albeit for different reasons.
China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.
Volkswagen AG and Ford Motor Co said they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of US dollars has plunged the financial system into disarray and forced businesses to close.
The cost of a comprehensive motor insurance policy fell 6 percent in Britain in 2018, according to a survey, which indicated potential trade barriers brought on by the country’s looming exit from the European Union would hurt prices in 2019.
Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output.
The UAE is forecast to achieve an average real GDP growth rate of 3.8% between 2019 and 2023, supported by an increase in investment flows and private consumption, according to a new analysis from Dubai Chamber of Commerce and Industry.
Its outgoing president thinks he can do more to build infrastructure in the developing world by working in the private sector. He’s right.
Two major Chinese retailers have slashed prices on Apple Inc.’s latest iPhones, an unusual move that underscores how demand for the marquee device is flagging in the world’s largest smartphone market.
U.S. crude oil exports to Asia are set to rise in the second quarter as sellers cut prices following sharp drops in freight rates and expected weaker demand in the United States, trading and shipping sources said.
The World Bank expects oil prices to average $67 a barrel this year and next, down $2 compared to projections from June last year, the bank said in its Global Economic Prospects report.
The African Development Bank Group (AfDB), through its Trade Finance operations, has approved a $14.12 million facility to support Nigeria’s membership in the African Trade Insurance Agency (ATI).
Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, today announced that Dr. Jim Yong Kim, who has been President of the World Bank since 2012, will join GIP as a Partner and Vice Chairman on February 1, 2019.
World Bank Group President Jim Yong Kim will resign effective February 1, more than three years ahead of the expiration of his term in 2022.
US and Chinese officials have been holding a first day of talks in Beijing aimed at resolving their damaging trade dispute.
OPEC oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines.
Absa Group Ltd. is having a hard time convincing some investors it can win back the market share lost while under the control of Barclays Plc.
The SABC sunk into a deeper crisis following the resignation of a fourth director, which has left the broadcaster’s board without the quorum required to make decisions.
Vinci is paying about 2.9 billion pounds ($3.7 billion) for a majority stake in Gatwick, adding the second busiest airport in Britain to its portfolio despite the shadow of Brexit.
The richest people on earth lost $511 billion this year after record first-half gains were obliterated by a succession of bruising market selloffs.
Gold rose to its highest in six months on Wednesday as worries over U.S. political uncertainty, aggravated by a partial government shutdown, and slowing global economic growth drove investors towards the safe-haven metal.
Santa Claus has yearly expenses totaling more than $25 billion, according to a study conducted by content marketing agency Design by Soap.
Saudi Arabia is exploring potential mergers to boost its financial services industry after the combination of Saudi British Bank and Alawwal Bank, according to people with knowledge of the matter.
South Korea's government is fining BMW $10 million over its handling of a spate of engine fires in the country — and the automaker's problems don't end there.
Canada’s First Quantum Minerals (FQM) said it would lay off 2,500 workers in Zambia over plans by Africa’s No.2 copper producer to hike mining taxes.
Traders will be glad to see the back of 2018. Nearly $7 trillion has been wiped off world stocks, emerging markets have been trampled flat by a charging dollar and even gold and U.S. government bonds have lost money.
Japan warned the G-20 major economies against focusing narrowly on the trade balance in addressing global imbalances, with its top currency diplomat on Tuesday calling on them to settle trade disputes through a multilateral framework.
When Satoshi Nakamoto introduced Bitcoin to the world in 2008, he or she or they (the mystery endures) pitched it as a way to end the power of central authorities in finance. Ten years on, the Chinese government is adapting the ideas behind Bitcoin to do the exact opposite.
Huawei Technologies Co. has all but shut down its Washington lobbying operation as the Chinese telecom giant navigates a titanic clash with the U.S. government.
The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption.
China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries.
South Africa is investigating a 9 billion rand ($629 million) loan made by the Public Investment Corp. to a black empowerment partner of embattled retailer Steinhoff International Holdings NV, according to people familiar with the matter.
The Reserve Bank of India has lost its second chief in less than three years, raising questions about the central bank's independence and the management of the economy going into an election year.
Losses in global stock markets snowballed on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a rise in tensions between Washington and Beijing could torpedo chances of a trade deal.
KPMG LLP, the auditor that shed clients and staff after scandals in South Africa, apologizes for its “misdeeds” and wants a second chance to reestablish its business in the country, Chairman Wiseman Nkuhlu said.
Oil prices fell on Wednesday, swept lower by a broad decline across financial markets, as concern about the outlook for global growth and evidence of yet more crude supply wiped out half of this week’s gains.
South Africa emerged from its first recession in almost a decade in the third quarter as recoveries in manufacturing and agriculture contributed to an increase in economic growth.
Global economic prospects appear gloomy as year-end approaches after factory activity and export orders weakened in November, prompting analysts to predict no quick rebound amid persistent global trade tensions.
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter.
Beijing will "reduce and remove" the 40% tariffs it places on US cars imported into China, US President Donald Trump has said.
Global oil giants like the U.S., Russia and Saudi Arabia that command the attention of traders had some unexpected company on Sunday: a province of less than 5 million people in Western Canada.
The world's largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk.
US President Donald Trump and leaders from Canada and Mexico have signed the successor to the North American Free Trade Agreement (Nafta).
Growth in China's vast manufacturing sector stalled for the first time in over two years in November as new orders shrank, adding pressure on Beijing ahead of high-stakes trade talks between presidents Xi Jinping and Donald Trump this weekend.
The records of 500 million customers of the hotel group Marriott International have been involved in a data breach.
The stakes are high at this week's G20 summit, where President Trump is due to meet China's President Xi Jinping.
The head of the World Trade Organisation (WTO) has said global free trade is facing its "worst crisis" since 1947.
Just a couple of months ago, major oil trading houses were predicting the return of $100 crude. Now, with oil prices at half that level, here’s a look at what the slump means for the world economy.
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn.
A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom.
South Africa’s economic recovery plans face serious constraints with growing debt of state firms domestically and capital outflows as a result of global trade tensions, the International Monetary Fund (IMF) said on Monday.
A plunging oil price gives African central banks more to think about as they move toward a cycle of raising interest rates.