BREAKING NEWS

Currency

News

Eurozone closes ranks after US attacks on the euro

Eurozone dismisses pessimistic euro view after the man tipped to be the US ambassador to the EU said the currency "could collapse" within 18 months.

Eurozone dismisses pessimistic euro view after the man tipped to be the US ambassador to the EU said the currency "could collapse" within 18 months.

News

Sterling surges after Brexit speech

Theresa May's announcement that the UK will leave the single market in what is widely being seen as a "hard Brexit" has already had an impact on the financial markets.

Theresa May's announcement that the UK will leave the single market in what is widely being seen as a "hard Brexit" has already had an impact on the financial markets.

News

Macron: the euro may not exist in ten years

The French presidential candidate issued the stark warning in a speech at a university in Berlin.

The French presidential candidate issued the stark warning in a speech at a university in Berlin.

Business

Bitcoin celebrates new year with surge in value

Having risen in value in 2016 by 125 percent, the digital currency started 2017 by jumping above $1,000 for the first time in three years.

Having risen in value in 2016 by 125 percent, the digital currency started 2017 by jumping above $1,000 for the first time in three years.

News

Venezuela reinstates the 100-bolivar banknote

Venezuelan President Nicolas Maduro has suspended the withdrawal of the country's most widely-used banknote after higher-denomination notes failed to arrive in time.

Venezuelan President Nicolas Maduro has suspended the withdrawal of the country's most widely-used banknote after higher-denomination notes failed to arrive in time.

News

Maduro orders withdrawal of Venezuela's largest banknotes

The president says the move to take the 100-Bolivar note out of circulation is to combat smuggling, but it has been strongly criticised.

The president says the move to take the 100-Bolivar note out of circulation is to combat smuggling, but it has been strongly criticised.

News

Iran considers currency change

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

The Rhouhani government approved on Wednesday a call by central bank to replace the rial with the more colloquially and historically known toman

News

Barcelona set to introduce local currency

The city of Barcelona is preparing to move forward with a plan to introduce its own currency, despite warnings from Spain’s central bank.

The city of Barcelona is preparing to move forward with a plan to introduce its own currency, despite warnings from Spain’s central bank.

Business

China's yuan at 8-year low against the US dollar

China's currency, the yuan, hit its lowest value in almost eight years against the US dollar having declined for eight days in a row.

China's currency, the yuan, hit its lowest value in almost eight years against the US dollar having declined for eight days in a row.

Business

Egypt devalues its currency to stabilise the economy

Egypt has effectively devalued its currency by allowing it to trade freely, hoping to stabilising the economy and attracting foreign investment.

Egypt has effectively devalued its currency by allowing it to trade freely, hoping to stabilising the economy and attracting foreign investment.

News

How to play vinyl records with Britain's new plastic five pound note

While the value of the British pound sterling has been on the decline over the last few weeks, some music-loving Brits have found an alternative use

While the value of the British pound sterling has been on the decline over the last few weeks, some music-loving Brits have found an alternative use

News

Six knock-on effects of a plummeting pound

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

Business

Pound hammered by flash crash

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

Business

Plastic fantastic - Britain unveils polymer banknotes

Britain has introduced its first plastic currency with a new five pound banknote entering circulation featuring World War Two leader Winston Churchill.

Britain has introduced its first plastic currency with a new five pound banknote entering circulation featuring World War Two leader Winston Churchill.

Business

Eurozone is doomed without radical reform says economist Stiglitz

As the eurozone struggles with weak growth and the threat of deflation, left-leaning economist and Nobel laureate Joseph Stiglitz told Euronews the currency bloc is doomed without radical changes.

As the eurozone struggles with weak growth and the threat of deflation, left-leaning economist and Nobel laureate Joseph Stiglitz told Euronews the currency bloc is doomed without radical changes.

Business

Slumping post-Brexit pound to hit Eurotunnel profit

Eurotunnel has lowered its profit forecast for 2016 and 2017 because the Brexit vote caused the value of the pound to drop.

Eurotunnel has lowered its profit forecast for 2016 and 2017 because the Brexit vote caused the value of the pound to drop.

Business

Pound hits new post-Brexit low

The pound has slumped further in reaction to the UK's vote to leave the European Union, at one stage slipping below $1.28 in trading in Asia. The euro is also weak.

The pound has slumped further in reaction to the UK's vote to leave the European Union, at one stage slipping below $1.28 in trading in Asia. The euro is also weak.

Business

Japan's Abe speaks on Brexit concerns

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow.

News

Sterling hits historic low as Brexit fallout spreads

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

Business

Russia cuts cost of borrowing as inflation falls

Russia's central bank has cut its main interest rate by 0.5 percent to 10.5 percent, signaling confidence by its policymakers that inflation risks are declining.

Russia's central bank has cut its main interest rate by 0.5 percent to 10.5 percent, signaling confidence by its policymakers that inflation risks are declining.

Business

Tussle over 500 euro notes ends with slow phasing out

The European Central Bank will stop issuing 500 euro notes on concerns over use by terrorists and criminals, but they will be phased out only from 2018 due to resistance from Germany.

The European Central Bank will stop issuing 500 euro notes on concerns over use by terrorists and criminals, but they will be phased out only from 2018 due to resistance from Germany.

News

Why money is undermining our financial system

Our global financial system is built around national and multinational currencies managed by state institutions. But the actors driving the global

Our global financial system is built around national and multinational currencies managed by state institutions. But the actors driving the global