English

More about this topic

Business Series

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.

Markets

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.

Economy

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.

United Kingdom

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.

ADVERTISEMENT

United Kingdom

Global markets shaken up as prospect of Brexit becomes more probable

Global markets have been shaken by the prospect of a UK exit from the European Union.

Economy

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.

Economy

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.

World News

Why money is undermining our financial system

Germany

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

World 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

Economy

Russia's central bank governor wants to lower risks from forex fluctuations

Russian central bank governor Elvira Nabiullina says the bulk of banking loans in Russia should be in roubles to minimise risks related to currency fluctuations.

Economy

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.

Economy

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

Economy

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

Russia

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

Russia

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

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

Economy

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

Business Series

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

Economy

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