Japan confirms $62 billion currency intervention to prop up weak yen
Japanese officials admitted on Friday that it pumped $62 billion in yen over the past month to slow its dramatic fall against the U.S. dollar,…
Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Farai MutsakaPublished May 26, 2024 • 4 minute read You can save this article by registering…
Live updates: ASX set for modest start after ‘underwhelming’ session on Wall Street, European markets hit record highs
Good morning and welcome to Wednesday, May 8 — you're on the ABC's business and markets blog, and it's great to have your company. Let's kick…
Angola’s GDP up 0.9 amid pressures of currency devaluation and inflation
Angola’s economy experienced a 0.9 percent growth in GDP in 2023, as reported by the National Bank of Angola (BNA). The BNA’s Annual Report and…
‘Triple spending’: Zimbabweans bear cost of changing to new ZiG currency | Business and Economy News
Harare, Zimbabwe – At a shopping centre in Glenview, a busy working-class suburb of Zimbabwe’s capital, Harare, carpenter Arnold Mutiri stopped to buy a 2-litre…
Is the EUR/USD Currency Pair Gaining Momentum?
Analysts and investors expect the EUR/USD pair to rise soon, giving investors pivotal market insight. Analysts believe that the dollar will weaken against the euro…
Zimbabwe introduces new gold-backed currency to tackle inflation | Business and Economy News
Zimbabweans have 21 days to convert their old cash into new money, according to the central bank. Zimbabwe’s central bank has launched a new “structured…
Currency Angst Is Going Global as Strong Dollar Vexes Markets
Breadcrumb Trail LinksPMN BusinessA resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on…
Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Chinedu AsaduPublished Feb 17, 2024 • 4 minute read Article contentABUJA, Nigeria (AP) — Nigerians are…
China wants to dethrone the US dollar as the leading currency across the globe
With China striving to build up its internal economy in order to reduce reliance on the dollar, some experts say this could lead to an…
Ukraine hopes to avoid economic doomsday of not getting Western financial aid – POLITICO
Kyiv currently uses what money it can raise domestically to run its own arms industry, pay its soldiers and other security personnel, and protect pensioners…