Finance

Africa’s estimated $100 billion credit shortfall for small and medium enterprises is forcing banks, telecom operators, and fintech startups into deeper and unexpected partnerships. The Africa-wide figure comes from a detailed assessment by the African Development Bank (AfDB), which identifies […]

Kelleher and Bessent held talks in recent months about what a move to the US would look like for the lender, with the Trump administration receptive to welcoming one of Switzerland’s most prized assets, according to three people familiar with […]

Nearly $1.1 trillion has been pulled from cryptocurrency markets in a matter of weeks as investors lose faith in Donald Trump’s bid to make the US the “crypto capital of the world”. Bitcoin fell as low as $93,730 on Sunday […]

The Czech billionaire Daniel Křetínský is to become one of the largest shareholders in TotalEnergies after selling a stake in his electricity generation business, which includes several UK power plants, to the French oil company. Křetínský, whose companies own stakes […]

The dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency. A simple strategy of borrowing in […]

Gold rose for a second day as a weakening US economy outweighed progress on ending the government shutdown in Washington. Bullion traded near US$4,050 (RM16,912.80) an ounce after finishing last week little changed. The precious metal built on gains made […]

Gold rose on Friday as the dollar slid after US private-sector job reports signalled weakness in the country’s labour market and lifted expectations of another US interest rate cut, while a prolonged government shutdown also boosted safe-haven demand. Spot gold […]

Cambodia is set to become one of the first countries to store gold with China, according to people familiar with the matter, marking early progress in Beijing’s push to develop as a global bullion hub. The Southeast Asian nation is […]

Gold prices fell below $4,000 per ounce on Tuesday as the dollar hit three-month highs, while traders awaited U.S. economic data for clues on the U.S. Federal Reserve’s policy path. Spot gold lost 0.8% to $3,968.09, as of 09:04 a.m. […]

The tariff offensive that President Trump is leading against trade partners across the world will deal a blow to the oil and gas industry next year, according to a report by Deloitte. The consultancy, noted that the oil and gas industry […]