Finance

The East African country is looking to convert some of the 5.38 billion it owes China into the East Asian country’s legal tender. The conversation was initiated by Eyob Tekalign, the governor of Ethiopia’s central bank in September when he […]

HSBC on Friday forecast that gold’s bull rally would drive prices as high as US$5,000 (RM21,150) an ounce in 2026, supported by elevated risks and the impact of new entrants into the market. Spot gold breached the US$4,300 level on […]

Gold extended its rally to breach US$4,200-per-ounce for the first time on Wednesday on expectations of more US interest rate cuts, while broader economic and geopolitical uncertainty also led investors to buy the safe-haven metal. Spot gold was up 1.6% […]

European lottery group Allwyn International and Greek gaming firm OPAP will merge in an all-share deal valuing the new company at 16 billion euros ($18.56 billion), they said on Monday, creating one of the world’s biggest lottery operators. Privately owned […]

Citigroup Inc is joining a group of nine European lenders developing a regulated euro-based stablecoin, the latest move by a large financial institution into the fast-growing area of digital money. The New York-based bank intends to take part in the consortium […]

Copper struck $11,000 per metric ton on Thursday, a milestone not seen for 16 months as investors piled into the metal after a series of disruptions to mine supply led to fears of shortages, while aluminium hit a more than […]

Exchange-traded funds (ETFs) tracking crypto assets drew record inflows of $5.95 billion globally last week, as strong demand for digital assets helped propel bitcoin to an all-time high. Digital asset investment products garnered the record capital in the week ended […]

Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve. Spot gold was up 0.7% […]

Shell plc said the performance of its oil and gas trading operation recovered, after struggling with geopolitical volatility in the second quarter. The division’s performance was “significantly higher” for gas and “higher” for oil in the third quarter, the company […]

The boom in US dollar-backed stablecoins, helped by Donald Trump’s crypto policies, could suck US$1 trillion worth of deposits out of emerging economy banks in the next few years, a report from Standard Chartered estimates. About 99% of all stablecoins […]