The ruler of Dubai has replaced Ahmed Humaid al-Tayer as the governor of the Dubai International Financial Centre, the emirate's offshore financial centre and a significant strategic asset, shortly after he was dropped as chairman of the country's largest bank.
A bitterly divided Congress set the United States on a collision course with financial markets on Monday as Democrats and Republicans pursued rival plans unlikely to generate the broad support needed to avert a catastrophic and unprecedented debt default.
Glencore is lining up a $475m (Ј295m) acquisition for one of Peru's largest copper prospects as the world's biggest publicly quoted commodities trader pushes ahead with its consolidation of the sector.
The Financial Services Authority, which will split in two at the end of next year, needs to boost salaries by 50 per cent at its successor agencies to attract and retain the staff capable of carrying out tougher, more interventionist regulation, a leading headhunting consultancy has warned.
Brazil is preparing a range of additional measures to stem the damaging rise of the real as the global currency war shows no signs of ending, according to Guido Mantega, the country's finance minister.
BTA , Kazakhstan's third-largest bank by assets, met a $166.4 million bond coupon payment, making good on its pledges to investors to respect its obligations, the bank said in a statement on Friday.
The governor of Afghanistan's central bank has fled the country in fear of his life after naming powerful individuals who benefited from a scandal at Kabulbank, the biggest lender.
French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund this week despite a strong challenge to Europe's traditional hold on the job.
The head of one of Russia's largest online payment processors has been arrested at a Moscow airport after an inquiry into his company's activity by the Federal Security Service.
