The primary policy rate of Russia's central bank was more than doubled by it on Monday while capital controls have also been imposed as it tries to shield the economy from form the impact of the unprecedented Western sanctions which plunged the rouble to historic lows.   To fight the risks...

Hundreds of aircraft leases with Russian airlines are due to be terminated as a result of Western sanctions on the country over its invasion of Ukraine. A part of the sanctions warrant that the contracts for leases be revoked.   The world's largest leasing business, AerCap...

One of two Goldman Sachs bankers testified on Thursday in the corruption trial of the other, Roger Ng, that they devised a plan involving their spouses to conceal payments they got for helping to pillage Malaysia's 1MDB sovereign wealth fund.   Tim Leissner, Ng's Goldman supervisor before...

As part of its sanctions against Russia for invading Ukraine, the United States and the European Union chose not to cut Russia off from the SWIFT global interbank payments system, but US President Joe Biden has stated that the subject might be revisited.   When asked why that step was not...

Following Russia's invasion of Ukraine, Europe's financial industry rushed on Thursday, with Allianz announcing it had blocked its Russian government bond exposure and Lloyds announcing it was on "heightened alert" for cyberattacks. find out more   European authorities warned that a new wave...

Russian President Vladimir Putin on Monday urged to immediately recognize two separatist territories in eastern Ukraine, which resulted in the rouble falling below 80 versus the US dollar for the first time in more than a year, while equities dropped to their lowest levels in over a year.  ...

For the very first time in almost two years, the international border of Australia has been reopened, bringing with it happy family reunions and a much-needed boost to tourism. After shutting down in March 2020 owing to Covid, the country enacted some of the world's...

The currency markets around the world began the week warily anticipating hostilities in eastern Europe, with the safe-haven yen nearing a two-week high and the euro on edge due to the energy security and economic consequences of a war in Ukraine for Europe.   "Russia-Ukraine tensions are...

First Digital, a stablecoin and digital asset payments technology platform, has been acquired by Fireblocks, a cryptocurrency infrastructure provider.   Without divulging financial details, Fireblocks and First Digital said on Wednesday that they had reached a cash and equity agreement, but...

Australia will request to be included in World Trade Organization consultations on a trade dispute between the European Union and China, the Australian trade minister said on Saturday.   The EU complaint filed on Thursday accuses China of discriminatory trade practices against Lithuania,...

As a recurrence of Covid-19 cases and severe lockdowns affected production and demand in January, factory activity in China slowed, but the tiny expansion showed some signs of resilience as the world's second-largest economy approaches a likely rocky new year.   According to data released by...