Now playing Next Economy There are now more billionaires in China than in the US In 2015 more than a third of the world's new billionaires were created in China, as for the first time Asia overtook the United States. 13/10/2016
Now playing Next Markets Commerzbank's shares slip despite restructuring Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings. 29/09/2016
Now playing Next Brazil Brazil's former finance minister is arrested Observers say it is a sign that a sweeping corruption investigation is closing in on the inner circle of the leftist Workers Party leadership, who ran the South American country for 13 years. 22/09/2016
Now playing Next Economy Yellen defends Federal Reserve against Trump bias accusations Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised". 22/09/2016
Now playing Next world news Super PACs rule for Hillary Clinton President Obama told the UN that there is too much money in American politics. 21/09/2016
Now playing Next Markets British PM reassures US businesses over Brexit British Prime Minister Theresa May has reassuring the bosses of leading US businesses following the UK's vote to leave the European Union. 20/09/2016
Now playing Next Economy Federal Reserve policy meeting starts - interest rate hike not expected Policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. A majority of economists expect its benchmark main interest rate to be left unchanged. 20/09/2016
Now playing Next USA Eight years on - the collapse of Lehman Brothers US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling. 15/09/2016
Now playing Next Business Series New chief executive faces huge task to rescue Italian bank Monte dei Paschi New chief executive Marco Morelli has taken over at struggling Italian bank Monte dei Paschi di Siena which has to raise five billion euros to survive. 15/09/2016
Now playing Next France IMF Chief Christine Lagarde loses appeal, ordered to stand trial for negligence International Monetary Fund chief Christine Lagarde is to stand trial from December 12 for her role in a 400-million-euro payout when she was France’s Economy… 12/09/2016
Now playing Next Business Series Monte dei Paschi bank 'about to fall out of top share listing' Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares. 03/08/2016
Now playing Next Economy ECB's Draghi promises more eurozone stimulus if needed because of Brexit European Central Bank head Mario Draghi says the eurozone economy could be given further stimulus if the Brexit vote starts to have a negative impact. 21/07/2016
Now playing Next Economy Bank of England surprises investors with no change to UK interest rates The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro. 14/07/2016
Now playing Next Economy Bank of England surprises by keeping interest rates unchanged Keeping their powder dry the Bank of England's policymakers have left the cost of borrowing unchanged in Britain - for now. 14/07/2016
Now playing Next Economy France moves to lure London bankers post-Brexit France has stepped up its efforts to grab some of the London banking business that could be displaced by Britain's decision to leave the European Union. 07/07/2016
Now playing Next Business Series Smartphones set to take Samsung to profit rebound Samsung is set for its best quarterly profit in more than two years thanks to robust sales of its flagship Galaxy S7 smartphones. 05/07/2016
Now playing Next Economy Bank of England eases rules for banks to encourage lending and meet Brexit challenge Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out. 05/07/2016
Now playing Next United Kingdom British, US and European bond yields tumble on the prospect of lower interest rates British, US and European bond yields have fallen, in some cases to record lows, on the prospect of lower interest rates and other stimulus to counter the effects of the Brexit. 01/07/2016
Now playing Next Economy Standard & Poor's strips UK of AAA credit rating Britain's economic standing has suffered a further blow with the ratings agency Standard & Poor's stripping the UK of its last remaining AAA credit rating. 28/06/2016
Now playing Next United Kingdom Britain's European Commissioner Jonathan Hill resigns after Brexit vote Britain’s representative on the EU’s executive body, the Commission, is resigning following the referendum vote for Brexit. 25/06/2016