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Gold Exporters Fuelling Currency Crisis

HARARE - The Reserve Bank of Zimbabwe (RBZ) says gold and tobacco exporters are behind the emergence of wades of new bond notes on...

EU Imposes Sanctions on Sudan Conflict Entities

On Monday, the European Council took decisive action by imposing sanctions on six entities actively involved in the ongoing conflict in Sudan, where the...

UN Condemns Terrorist Attack in Mogadishu Somalia

The UN Security Council on Tuesday condemned "in the strongest possible terms" the recent terrorist attack in the Somalia capital of Mogadishu. In a press...

Zimbabwe Slashes Diamonds Royalties

HARARE - Zimbabwe has slashed royalties for its diamond mines to 10 percent of gross revenue, from 15 percent, as it moves to encourage...

S. Korea’s Forex Authorities Open USD35 Billion Swap Line

South Korea's foreign exchange authorities and the state pension fund operator opened a currency swap line of 35 billion U.S. dollars to ease volatility...