Business

The French Finance Ministry has called Facebook's Libra digital currency too risky to be authorized for development in Europe, citing serious concerns about the social network's cryto endeavour. Cryptocurrency analyst...

A sentiment index compiled by the South African Chamber of Commerce and Industry (SACCI) declined to 89.1 last month from 92 in July. That's the lowest level since April 1985,...

Russia will not take out loans in US dollars for the remainder of this year and the whole of 2020, turning instead to the yuan and euro, according to the...

The United States briefly overtook Saudi Arabia as the world's number one gross oil exporter at one point in June this year, the International Energy Agency (IEA) said on Thursday....

China's trillion-dollar "One Belt, One Road" initiative (BRI) is an attempt to revive the Silk Road, an ancient trade route that for hundreds of years connected the East and West...

US President Donald Trump has postponed by two weeks the implementation of the latest round of tariffs on $250 billion worth of Chinese goods. He called his move a ‘gesture...

The Russian government has expressed concern over Washington's recent threats to slap sanctions on Russian state oil giant Rosneft regarding its business dealings in Venezuela. “We are concerned about the...

The French Finance Ministry has deemed Facebook's Libra digital currency too risky to be authorized for development in Europe. “All these concerns about Libra are serious. I therefore want to...

A new report suggests that the real US debt level may be $400 trillion, or 20 times higher than the country's gross domestic product. The calculation includes government, state, local,...

The founder of Huawei Technologies Ren Zhengfei said he is ready to share the company's 5G technology with potential Western buyers. According to Ren, this would help level the playing...

Rare earth metals have been a weakness for the US in the ongoing trade war, but new exploration efforts in the US and Australia could change the situation completely. Dominance...

US President Donald Trump has urged the Federal Reserve to slash interest rates to zero or less, saying that negative rates could save the government money on its debt. The...

Venezuelan state-owned oil company Petróleos de Venezuela, or PDVSA, has registered its office in Moscow. The move comes after Russian state oil major Rosneft last month became the main trader...

Wall Street banking giant JPMorgan Chase has told some of its staff to ensure that they do not refer to Hong Kong, Macau or self-governing Taiwan as separate countries. The...

Beijing has exempted 16 types of US-made goods from additional tariffs that were introduced as a retaliatory measure after Washington raised duties on a number of Chinese products. The goods...

Hong Kong Exchanges (HKEX) and Clearing has launched a takeover bid for London Stock Exchange Group, offering one of Europe's largest exchanges £29.6 billion ($36.6 billion). The Hong Kong exchange...

The total value of investment projects approved by the BRICS New Development Bank (NDB) has exceeded $10 billion, according to Russian Foreign Minister Sergey Lavrov. “Building up strategic partnerships within...

Despite sanctions and mounting geopolitical pressure, Iran has managed to continue its crude deliveries thanks to the country's skill in hiding its oil tankers. Iran's monthly oil exports deserve to...

Moscow and Beijing are working on a new way to cut their reliance on the greenback, as Russia plans to issue its first yuan-denominated bond, which may help the two...

Jack Ma, the self-made Chinese business magnate with a net worth of nearly $42 billion and founder of the online shopping giant Alibaba, has officially retired from the company he...

Global central banks, particularly those in Russia and China, have been boosting their gold reserves at a rapid place lately. The trend is projected to continue due to trade tensions...

Thanks to steadily growing gold and foreign currency reserves, Russia's debt-to-GDP ratio has turned negative for the first time since its economy was hit by Western sanctions and by the...

The State of Michigan Department of Insurance and Financial Services has approved the formation of Superbia Credit Union, the first ever not-for-profit lender designed for LGBT customers. The new financial...

Social media giant Facebook, with a market value of over $500 billion, failed to comply with a Russian court's order to pay a fine of 3,000 rubles ($46) over its...

Russian energy major Gazprom plans to pump twice as much gas into European storage than last year, while Moscow and Kiev have not still agreed on the terms of a...

China's foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while raising its gold holdings by nearly 2.89 million troy ounces...

British Airways (BA) said it was forced to cancel “nearly 100 percent” of flights for Monday and Tuesday after the UK pilots union went ahead with the biggest strike action...

Following the blacklisting of a major Chinese energy firm by the US, Beijing has made it clear that they are not dependent on Washington for energy trade and development. Last...

President Donald Trump's tweeting habits have long been speculated to move the markets, but now there is a way to supposedly measure it, courtesy of J.P. Morgan. And it's called...

US tech major Microsoft is unhappy with US president Donald Trump's push against China's Huawei, claiming that such unfair and “un-American” treatment may hit indigenous companies hard, and Microsoft itself...

Despite the International Monetary Fund (IMF) ruling that China is not deliberately depreciating the yuan, Washington still wants everybody to agree that its trade war rival is a currency manipulator....

The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump's pattern of vacillating between threats and cease-fires on the topic. At the...

Russia's gold bullion holdings have reached $109.5 billion as the nation continues to shift its growing international reserves away from the US dollar, according to the latest data released by...

One of the leading Asian economies, Singapore, is set to ink a free trade agreement with the Russian-led Eurasian Economic Union (EAEU) next month, Russia's deputy minister of economic development...

Apple has broken its silence on Google's recent bombshell report exposing security flaws that could be exploited to hack iPhones. Apple says Google misrepresented the facts to “stoke fear” among...

The Central Bank of Russia has cut the interest rate for the third consecutive time this year to seven percent, marking another step towards decelerating inflation. The benchmark rate was...

Chinese e-commerce giant Alibaba is considering starting an online platform for selling goods from Russia to China in 2020, sources told TASS at the Eastern Economic Forum (EEF). “All Russian...

Iran's Foreign Minister Mohammad Javad Zarif has dubbed US sanctions against states “rouge behavior,” claiming they serve Washington's goal of “illegitimate” political objectives without consideration for who suffers in the...

Social media network giant Facebook's latest security breach exposed the phone numbers of over 400 million users around the world, including records for users in the UK and Vietnam. This...

Russian President Vladimir Putin backs Mongolia's offer to build a transit gas pipeline to China through its territory, Mongolian President Khaltmaagiin Battulga announced at the Eastern Economic Forum (EEF). According...