Economy
Britain’s EU commissioner, finance chief Hill, resigns
June 26, 2016
Britain’s EU commissioner, finance chief Hill, resigns
The British member of the EU executive, Financial Services Commissioner Jonathan Hill, resigned on Saturday after having campaigned against Britain…
China touts new bank’s greater understanding of developing world
June 26, 2016
China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a…
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
June 25, 2016
Nikkei pays price for downplaying Brexit risk, sees worst fall since 2011
Japanese stocks suffered their biggest daily fall in more than five years on Friday after Britain voted to leave the…
Brexit baffled punters, pundits and fund managers to the very end
June 25, 2016
Brexit baffled punters, pundits and fund managers to the very end
Nearly everyone, from London gamblers to US money managers got it wrong. Britain's vote to leave the European Union shocked…
Apache Corp extends Western Desert oil drilling for five years
June 24, 2016
Apache Corp extends Western Desert oil drilling for five years
The American wildcat oil and gas exploration firm Apache Corporation has agreed a five-year extention to its Khalda-2 drilling concession…
Egypt to auction 4G licences if local operators don’t bite
June 24, 2016
Egypt to auction 4G licences if local operators don’t bite
Egypt said on Thursday it will offer fourth-generation mobile licences in an international auction if they are not taken up…
Africa’s richest man got a fistful of dollars in Nigerian currency squeeze
June 23, 2016
Africa’s richest man got a fistful of dollars in Nigerian currency squeeze
As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko…
After setbacks, NY prosecutors resume insider trading crackdown
June 23, 2016
After setbacks, NY prosecutors resume insider trading crackdown
Federal prosecutors in Manhattan are pursuing insider trading cases on a pace not seen since 2012 — before a major…
Sterling hits 2016 high, stocks climb as UK votes on Brexit
June 23, 2016
Sterling hits 2016 high, stocks climb as UK votes on Brexit
Sterling hit a 2016 high and world stocks climbed for a fifth day running on Thursday, as British voters headed…
Greece could lift capital controls by year-end: bank association head
June 19, 2016
Greece could lift capital controls by year-end: bank association head
Greece could lift most or all capital controls imposed at the height of the euro zone crisis by the end…