Business 12/08/2015 International Energy Agency report sees no quick end to oil glut The demand for oil across the globe is growing at its fastest pace in five years. The steep rise is down to rebounding economic growth and consumers
Business 11/08/2015 China devalues yuan to lowest rate against US dollar in almost three years China’s central bank has devalued the yuan to its lowest rate against the US dollar in almost three years and its biggest one-day drop since 1994
Business 05/08/2015 Dollar rises after Federal Reserve comments on interest rate hike The dollar rose to its highest in more than three months on Wednesday. The jump came after a Federal Reserve official said the central bank was close
Business 28/07/2015 Golden shot: China shocks the commodities market with reserves revelation Gold appears to be losing its lustre after shedding 4% of its value in a turbulent week. Morgan Stanley indicated a worst-case scenario of a drop to
Business 13/07/2015 China's markets bounce back after dip In this edition of Business Middle East we look at the impact of turbulence in the Chinese markets and moves to strengthen dollar resources in Egypt
Business 25/06/2015 H&M stitched up by strong US dollar H&M, the world’s second largest fashion retailer, fears a negative impact from higher costs due to the strong US dollar. The company buys most of
Business 12/06/2015 Zimbabwe slashes 16 zeros from currency but dollar still a joke From next Monday Zimbabweans with have their mental arithmetic simplified for them with the news some zeros are coming off the currency. Quite a
Zimbabwe 12/06/2015 Zimbabwe exchanges 250,000,000,000,000 local dollars for US$1 If you suffer from Arithmophobia (fear of numbers) you might want to stop reading now. The Zimbabwean central bank is offering to convert
Business 18/03/2015 Federal Reserve opens door to June interest rate rise The Federal Reserve has released its highly anticipated statement on how soon it plans to tighten monetary policy. It put a June interest rate rise
Business 10/03/2015 Global markets slide amid fears of historic US interest rate rise Global stocks have spiraled downwards amid lingering concerns over Greece going bankrupt and the prospect of the first rise in US interest rates in
Business 18/02/2015 Dollar mortgage crisis in Ukraine There is conflict in the Ukraine property market. Many owners signed up for dollar mortgages which were popular before 2008. But a falling exchange
Business 13/01/2015 Tiffany loses sparkle with profits forecast cut The sparkle of upmarket jeweler Tiffanys has been tarnished with the company forced to cut its profit forecast. Shares in the jewelers fell almost
Business 05/01/2015 Euro sinks to a nine-year low against the dollar The euro slid to a nine-year low against the dollar on Monday. It fell by 1.2 percent to 1.1864 dollars – its weakest level since March 2006.
Business 04/11/2014 Oil hits four-year low after Saudi Arabia cuts US prices Oil prices continued to slide on Tuesday. Brent crude was at its cheapest in over four years, close to $82 a barrel at one stage. That followed
Business 03/11/2014 Gold weakens further as dollar marches on Gold continues to lose its lustre for investors as the yellow metal fell to a near four-year-low on Monday, the run strengthened by feelings the
Business 17/10/2014 Rouble slumps further putting pressure on Russian central bank The rouble’s plunge against the dollar and the euro continues. In October alone Russia’s central bank spent over 13 billion dollars of its
Russia 15/10/2014 Rouble falls to new all-time low against euro and dollar The Russian rouble has taken a nosedive to a new record low at 41 to the dollar and an unprecedented 52 to the euro. It has taken months of
Business 25/09/2014 Euro plunges to two-year low after ECB chief's latest stimulus remarks The euro has fallen in value to its lowest in two years against the dollar. At one stage it dipped just below $1.27, and was also down against the
Business 18/09/2014 Gold slides as Fed indications push dollar higher Investors have been selling gold as the US dollar jumped in value. The spot gold price slipped one percent on Wednesday, and on Thursday touched
Business 16/09/2014 Rouble slips lower, finance ministry comments check losses The Russian rouble slumped to a new record low against the US dollar on Tuesday It was already this year’s biggest declining currency in a major
