CARACAS/LONDON An English court on Thursday said it would need to decide which of Venezuela's dueling political factions to recognize before ruling on President Nicolas Maduro's request for the Bank of England to hand over gold the country has in its vaults.
Chaotic scenes erupted in Hong Kong’s financial centre as new protests flared up over Beijing’s proposed national security laws, a reminder to markets that China and the United States are apparently back on collision course.
LONDON Optimism about lockdown relaxation is buoying equity markets, with investors ready to look past tensions between Beijing and Washington over China's plans to impose national security legislation in Hong Kong.
- von Dhara Ranasinghe und Karin Strohecker und Christian Krämer
Following two months of hesitation, a joint EU response to the coronavirus pandemic in the shape of a German-French proposal seems to finally be making an appearance.
LONDON Enormous doses of stimulus spending are offering relief from coronavirus damage but their lifelong legacy of debt could seed future crises by hobbling economic growth and worsening poverty, especially in developing countries.
LONDON Turkey could be heading for another financial crunch but its diminished importance for investors in developing economies and changes in the sector have greatly reduced the risk of contagion across emerging markets.
LONDON The European Bank for Reconstruction and Development (EBRD) drastically slashed its economic outlook for the 37 countries in its region on Wednesday, forecasting a contraction of 3.5% this year as a result of a sharp hit to tourism, remittances and commodity prices from fallout from the coronavirus.
LONDON Markets torn between enthusiasm over easing lockdowns and fears over a second wave of infections have seen the latter cast shadows for a second straight session as infections emerge again in Wuhan, the Chinese city where the pandemic originated.
LONDON, May 6 Turkey's finance minister mounted
a defence of Ankara's policies on Wednesday in the face of a
sharp lira selloff, telling investors their concerns about
depleted currency reserves were misguided, and appearing to rule
out capital controls.