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The New Development Bank, created by BRICS members, is preparing to sell its first bond denominated in South African rand. The move would expand the lender’s local-currency funding strategy and…
Global equity markets advanced on Tuesday after remarks from the Federal Reserve and the European Central Bank suggested interest rates could come down later this year. The prospect of lower…
A magnitude 5.4 earthquake struck southern Iran near Bandar Abbas early Sunday, according to the European-Mediterranean Seismological Centre. The quake hit near the country’s strategic port city and…
Eurozone business activity rose at a marginally faster pace in June, helped by stronger services demand that outweighed a deeper downturn in manufacturing, according to a closely watched survey. The…
A major European bank is investigating a possible ransomware incident after a hacking group claimed it had stolen data from the institution’s systems. The bank has not publicly confirmed the scope of…
South Africa’s rand advanced after the country’s central bank decided to keep borrowing costs unchanged, a move that caught parts of the market off guard. The decision briefly lifted sentiment across…
Severe monsoon rains have caused widespread flooding in northern and northeastern Bangladesh, forcing more than 35,000 people to leave their homes, according to officials. The rising water has…
The United States is stepping up diplomatic efforts to keep the Gaza ceasefire from unraveling as tensions rise across the region. The push comes as the fragile truce faces growing strain and…
The Federal Reserve, European Central Bank and Bank of England are due to announce policy decisions this week as investors watch for signs of how central bankers are responding to a fresh wave of…
Klarna has secured $2.5 billion in new funding in a round led by SoftBank Vision Fund 3, according to Reuters. The Swedish buy-now-pay-later company was valued at about $15 billion in the…
The BRICS New Development Bank said it will issue local-currency bonds in South Africa and Brazil as it looks to raise funds in markets facing fresh currency volatility. The move reflects how tighter…
South Africa’s rand slipped for a third consecutive session on Friday after reports that BRICS finance ministers could not agree on new funding for the New Development Bank. The currency touched an…
