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May 16, 2018 - 9:08:53 AM

Thieves suck millions out of Mexican banks in transfer heist

Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government’s investigation said.

May 16, 2018 - 9:06:20 AM

Russian bank helps Venezuela defy US sanctions on cryptocurrency

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.

May 16, 2018 - 9:05:26 AM

Gold ‘radically undervalued’ with price about to take off

Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates.

May 16, 2018 - 9:03:37 AM

Anglo American to spin off unit to encourage platinum demand

Anglo American will spin out its internal venture capital unit, it said on Tuesday, as the world's biggest platinum producer seeks to spur investment in fuel-cell technology to boost demand for a commodity in oversupply.

May 16, 2018 - 9:02:02 AM

Gold price crashes through $1,300

Gold on Tuesday suffered its worst trading day in 17 months after a recovery in the value of the US dollar and seven-year highs for yields on the country's government bonds.

May 16, 2018 - 9:00:53 AM

IMF's Lagarde Warns Rising Protectionism May Slow Global Growth

IMF Managing Director Christine Lagarde warned that a surge in trade protectionism could sap the momentum of the global economic upswing.

May 15, 2018 - 10:38:17 AM

Argentina seeks IMF financial aid 'to avoid crisis'

Argentina is to start talks about a financing deal with the International Monetary Fund (IMF) on Wednesday amid reports it is seeking $30bn.

May 15, 2018 - 9:50:00 AM

Goldman: Something strange is happening with the US economy that could cause interest rates to jump

The U.S. budget deficit is growing at a time when the unemployment rate is falling, something that hasn't happened in peacetime since World War II.

May 15, 2018 - 9:48:20 AM

Egypt’s officials proud of the country’s sole gold-exporting mine

The Managing Director of Sukari Gold Mining Company, Youssef el-Raghy, told Egypt Today that the first large-scale modern gold mine in Egypt has produced 106.7 tonnes of the yellow metal since it started operations in 2010.

May 15, 2018 - 9:25:12 AM

China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade

Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say.

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