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Business Series

Barclays quits Africa as profit falls

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Egypt

Egypt touts for Japanese investment as route to economic recovery

Egyptian President Abdel Fattah al-Sisi is hoping to secure Japanese investment projects worth around 15 billion euros on his visit to the country –

Argentina

Argentina strikes deal with US 'holdout' creditors

Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.

Economy

Growth and Brexit top agenda at G20 finance meeting

Weakening global growth and the implications of Britain leaving the European Union are the two big talking points for G20 financial leaders meeting in Shanghai.

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Economy

Poorer Egyptians pay the price for the country's foreign currency crisis

Egypt's foreign currency crisis is causing big problems as much of its food and energy is imported and ordinary people are suffering amid rising prices.

Economy

IMF calls for G20 coordinated stimulus to keep global economy from stalling

The International Monetary Fund is urging the G20 to plan now for a coordinated stimulus programme to keep the slowing global economy from stalling.

Iran

The dash for cash in post-sanctions Iran

The Iranian economy received a new lease of life with the signing of the nuclear deal in Vienna.

Business Series

HSBC post unexpected quarterly loss, confirms 'princeling' probe

HSBC confirms it's part of US regulators probe into hiring of people tied to Asian government officials, announces lower than expected profit, warns of "bumpier financial environment" from China slowd

Economy

Financial world ponders impact of a 'Brexit'

As Britain's future membership of the European Union hangs in the balance the financial world is looking on nervously with banking and business leaders concerned about the impact a 'Brexit'.

Economy

European Central Bank's Draghi bullish on banks and stimulus

European Central Bank head Mario Draghi has been talking up the eurozone's banks, confirmed the ECB is ready for more stimulus measures and said the ECB is considering ditching the 500 euro note.

Business Series

London beats Hong Kong to keep HSBC headquarters

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

Business Series

Deutsche Bank's shares get boost from bond buyback reports

Deutsche Bank's shares recovered some ground on reports it is considering buying back several billion euros of its debt.

Vatican

"The Devil's Job": ex-Vatican Bank chief Tedeschi on finance and morality

Italian economist and banker Ettore Gotti Tedeschi was president of the Vatican’s Bank at a time of turmoil from 2009 to 2012. Amid a

Europe News

EU auditors slam 'weak' Commission over bailouts

The European Commission’s handling of some bailouts for crisis-hit countries was “generally weak” and inconsistent, according to a new report

Economy

Draghi attempts to strike an optimistic tone for the state of Europe at Davos

Head of the European Central Bank Mario Draghi, attending the World Economic Forum in Davos, has indicated that the ECB intends to step up stimulus and defend and promote growth in the Eurozone in the

Economy

Lagarde seeks second term as head of the IMF

Head of the International Monetary Fund, Christine Lagarde, has announced she will run for a second term as managing director of the financial institution.

Business Series

Deutsche Bank posts a record €6.7bn loss for 2015

Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015.

Economy

Barclays slashes jobs at investment banking division

Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.

World News

European markets brace themselves for more panic

Wall Street kept a lid on the panic – just – after earlier moving deep into the red on Wednesday following an appalling day on European markets

World News

Russia: rouble at its lowest since 1998

Coupled with fresh falls in world oil prices, investor concerns deepen.