Finance

The US dollar isn’t just for Americans — every country in the world relies on it. The greenback has been facilitating the flow of money and goods around the world for over a century. Buying or selling oil? Usually done […]

Stocks in mainland China declined after an official report showed the economy grew last quarter at a pace below market consensus, while unemployment among the nation’s youth hit a new high. Trading in Hong Kong was cancelled on typhoon warning. […]

India’s economy is on track to surpass the United States’ and become the second-largest in the world behind China in a matter of decades, according to forecasting by Goldman Sachs Research. The investment bank’s analysts issued a report last week […]

To strengthen its efforts in implementing national priorities and improving government financial work, the UAE Ministry of Finance (MoF) has recently announced five significant strategic transformational projects. These initiatives are aimed at enhancing future readiness and are in line with the ‘We […]

Billionaire Mukesh Ambani’s soon to be spun out financial services unit recommended his daughter Isha Ambani as a non-executive director of the board, underscoring the latest succession planning within his retail-to-refining empire. Reliance Strategic Investments Ltd., which will be known […]

Billionaire investor Bill Ackman once again urged JPMorgan CEO Jamie Dimon to run for US President Thursday. “It is a huge loss for us all if Jamie won’t run,” Ackman tweeted, alongside a video of the 67-year-old speaking at a conference […]

Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of Understanding with Afreximbank’s Pan-African Payment and Settlement System (PAPSS) to facilitate settlement of cross-border transactions […]

African financial leaders have taken up the push for a re-engineering of the global financial architecture, seeking a model that works for the continent.At the 2023 General Shareholders Meeting of Africa50 and Infra for Africa Forum in Lome, Togo, on […]

After a day trip in Beijing, Bernard Arnault, chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton, spent Wednesday in Chengdu and Thursday in Shanghai during his whirlwind China trip. Customers who caught wind of his whereabouts crowded shopping malls to glimpse him […]

The Chinese yuan is plummeting against its main rival the US dollar, fueling worries that a slowdown in the world’s second-largest economy will drag on global growth. The renminbi fell as much as 0.6% Monday to just under 7.22 yuan per dollar, trading […]