Most Read Today

Pandemic to hit growth in Asia, China -World Bank

31/03 The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday.. . .  Full story

Dollar rallies as investors brace for global downturn

09h01 The dollar gained broadly against riskier currencies on Wednesday, with markets staring at what is likely to be one of the worst economic contractions for decades as the world locks down to fight the coronavirus. . .  Full story

Alibaba plans to buy at least 10% stake in Chinese courier Yunda -sources

31/03 Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd , marking the e-commerce giant's fifth investment in a large courier, two people with knowledge of the matter told Reuters.. . .  Full story

Most Read Yesterday

Dollar may be set for another damaging bout of strength

30/03 If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of. . .  Full story

Most Read This Month

India's Yes Bank plunges 35% as central bank takes control

06/03 Shares in India's Yes Bank dropped nearly 35% on Friday to their lowest in more than a decade, after the central bank took control and set a limit on withdrawals because of a serious. . .  Full story

Indian shares tumble again as coronavirus fears grow

18/03 Indian shares skidded over 6% in the waning moments of trading on Wednesday, with financial stocks suffering the most, as fears of the economic damage from the coronavirus pandemic eclipsed sweeping stimulus moves from policymakers. . .  Full story

EXCLUSIVE-India's Reliance seeks to sell Mideast crude cargoes in rare move

30/03 India's Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on. . .  Full story

Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Indian shares rise in choppy trade; metals, Yes Bank jump

17/03 Indian shares rose in volatile trade on Tuesday, mirroring gains in U.S. stock futures amid hopes of further government support to combat the coronavirus outbreak, which has disrupted businesses and stoked fears of a global. . .  Full story

Banks, regulators move to protect customers from wave of coronavirus scams in UK, US

24/03 UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government. . .  Full story

Indian shares plunge as Yes Bank woes hit banking stocks

06/03 Indian shares tumbled on Friday, as banking stocks came under pressure after the country's central bank placed troubled lender Yes Bank under a moratorium and took over its board.. . .  Full story

S.Africa pumps-up liquidity, mulls shorter trade hours to ease coronavirus strain

21/03 South Africa's central bank announced a raft of emergency liquidity measures on Friday to ease the stress on banks caused by the coronavirus outbreak, while the stock exchange regulator may take its own steps. . .  Full story

S.Africa's Investec profit to drop by up to 23% as coronavirus bites

20/03 South Africa's Investec warned on Friday that its full-year profits would drop by up to 23%, with coronavirus expected to deal a further blow to a company already struggling with tough. . .  Full story

Oil falls 7% after Trump surprises with travel curbs

12/03 Brent crude slid 7% on Thursday after President Donald Trump restricted travel to the United States from Europe as part of measures to try to halt the spread of coronavirus after the World Health. . .  Full story

India's Yes Bank administrator says deal with bondholders 'in process'

11/03 The administrator of India's Yes Bank told Reuters a deal with some bondholders who have opposed a state-led rescue was under discussion, possibly clearing the way for a restructuring of the stricken lender.. . .  Full story

India's embattled Yes Bank debt writedown to hit sector capital-raising

09/03 The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and. . .  Full story