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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

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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

World 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

Economy

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

Economy

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

Economy

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

Business Series

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

Economy

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

Economy

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

Business Series

Impact of EU, US data on shaky global markets

At last week’s interest rate announcement the European Central Bank President Mario Draghi’s tone seemed unencouraging, his message hinting at

Russia

Kazakhstan's currency plunges after central bank abandons USD peg

The Kazakh currency, the tenge, has lost a quarter of its value against the US dollar after abandoning a peg to the Greenback. The country’s national

Business Series

Currencies riding a bumpy road

This week’s Business Middle East takes a look at global currency trading trends, and in business snapshot we look at the reactions to the new fuel