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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

News

New five euro coin released in Germany

Hundreds of people have queued at the Bundesbank in the German city of Frankfurt to get their hands on one of the new five euro coins. A collector’s

Hundreds of people have queued at the Bundesbank in the German city of Frankfurt to get their hands on one of the new five euro coins. A collector’s

News

G20: divisions over debt and currency reform

The G20 summit has got underway in China. The gathering unites finance ministers and central bank bosses from the world’s biggest economies. The G20

The G20 summit has got underway in China. The gathering unites finance ministers and central bank bosses from the world’s biggest economies. The G20

Business

Pound slumps on Boris related 'Brexit' fears

London's Mayor Boris Johnson promising to campaign for a 'Brexit' caused the British pound to slumped in value against the dollar, the euro and the yen on Monday.

London's Mayor Boris Johnson promising to campaign for a 'Brexit' caused the British pound to slumped in value against the dollar, the euro and the yen on Monday.

News

The 500 euro note - could its days be numbered?

Finance ministers are calling on the European Central Bank (ECB) to look at ways of tightening access to 500 euro notes, in a bid to cut terror

Finance ministers are calling on the European Central Bank (ECB) to look at ways of tightening access to 500 euro notes, in a bid to cut terror

Business

Holiday hangover hits rouble as speculators claw at Russia

The Russian rouble tanked again on Monday as the week opened with the Russian currency under severe market pressure. A 10-day holiday period in

The Russian rouble tanked again on Monday as the week opened with the Russian currency under severe market pressure. A 10-day holiday period in

News

Russian ruble scrapes new low, no happier for 2016

The Russian ruble on the last currency trading day of the year has hit a new 2015 low against the US dollar, at one point falling to 73.20 to the

The Russian ruble on the last currency trading day of the year has hit a new 2015 low against the US dollar, at one point falling to 73.20 to the

News

Russia enforces stricter currency exchange rules

Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that

Russia has put into force measures to keep a closer eye on exchanges from rubles to foreign currency. The Russian Central Bank has decreed that

News

Russia issues banknote dedicated to Crimea

Russia has issued a new banknote dedicated to Crimea, the Ukrainian peninsula it annexed last year. It is a move that is certain to anger Kyiv, which

Russia has issued a new banknote dedicated to Crimea, the Ukrainian peninsula it annexed last year. It is a move that is certain to anger Kyiv, which

Business

Macri scaps currency controls and floats Argentine peso

The new Conservative government in Argentina has wasted little time in making an economic break with the recent past by floating the peso and

The new Conservative government in Argentina has wasted little time in making an economic break with the recent past by floating the peso and

Business

Fear spreads across markets ahead of Fed rate decision

In this week’s Business Middle East we take a look at global markets’ performance ahead of the US interest rate decision. With the countdown underway

In this week’s Business Middle East we take a look at global markets’ performance ahead of the US interest rate decision. With the countdown underway

Business

Sweden 'on way to becoming cashless society'

Cash is falling out of favour in Sweden, according to a research study at the Royal Institute of Technology in Stockholm. Many Swedes like people

Cash is falling out of favour in Sweden, according to a research study at the Royal Institute of Technology in Stockholm. Many Swedes like people

News

Police raid home of rumoured Bitcoin founder

Australian police have raided the home and office of a man rumoured to be the creator of the virtual currency Bitcoin. Federal police searched Craig

Australian police have raided the home and office of a man rumoured to be the creator of the virtual currency Bitcoin. Federal police searched Craig

Business

Oil and currency gloom brings Christmas cheer... cheaper trees!

Amid the dark talk of debt crises, the huge oil surplus, growth slowdowns and currency problems there is some light and seasonal cheer – at least in

Amid the dark talk of debt crises, the huge oil surplus, growth slowdowns and currency problems there is some light and seasonal cheer – at least in

Business

IMF allows Chinese yuan to enter the jet set currency club

The IMF has accepted the Chinese yuan into the club of elite currencies. IMF set to put yuan in reserve currency basket https://t.co/h7quutjx6y

The IMF has accepted the Chinese yuan into the club of elite currencies. IMF set to put yuan in reserve currency basket https://t.co/h7quutjx6y

Business

China's yuan to join IMF currency basket - sources

The Chinese yuan is set to be included in the IMF’s benchmark currency basket, according to reports. Sources say a draft report by International

The Chinese yuan is set to be included in the IMF’s benchmark currency basket, according to reports. Sources say a draft report by International

Business

Egyptian pound devalues and death cross threatens the dollar

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

The Egyptian pound has been devalued and the US dollar index continues to struggle. The Central Bank of Egypt is struggling due to a dollar shortage

Business

Egypt devalues pound for third time this year

Egypt’s Central Bank has devalued the pound for the third time this year. It came after the country’s foreign reserves tumbled and the currency fell

Egypt’s Central Bank has devalued the pound for the third time this year. It came after the country’s foreign reserves tumbled and the currency fell

Business

Bitcoin becomes official US commodity

Bitcoin is to be classed as a commodity in the United States along with gold and oil, according to Commodity Futures Trading Commission. It decision

Bitcoin is to be classed as a commodity in the United States along with gold and oil, according to Commodity Futures Trading Commission. It decision