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Erdogan asks Turks to prop up lira amid currency volatility

The Turkish currency has lost about 20 percent of its value since the beginning of the year.

foreign exchange rate

Read more: Erdogan asks Turks to prop up lira amid currency volatility

   

Germany's Deutsche Bank to lay off more than 7,000 workers

Germany's biggest lender to decrease workforce from 97,000 to 'well below' 90,000 as part of cost-cutting strategy.

Christian Sewing

Read more: Germany's Deutsche Bank to lay off more than 7,000 workers

   

Malaysia sets up new task force over 1MDB scandal

Agency responsible for seizing assets acquired using funds allegedly siphoned from the fund created by former PM Najib.

 former Prime Minister Najib Razak

Read more: Malaysia sets up new task force over 1MDB scandal

   

Argentina seeks IMF help, opposition says bad move

The loan request to stabilise its economy brings back memories of a 2001-2002 financial crisis that many blamed on IMF.

IMF OUT

Read more: Argentina seeks IMF help, opposition says bad move

   

Defence company stocks rise after US pulls out of Iran deal

Price of crude oil rises as well, but several companies that do business with Iran experiencing stocks decline.

Lockheed Martin

Read more: Defence company stocks rise after US pulls out of Iran deal

   

Understanding the Iran deal: What, why and what's coming next

US President Trump has withdrawn from the Iran nuclear deal and is set to renew sanctions, but what does this mean?

Read more: Understanding the Iran deal: What, why and what's coming next

   

Qatar Petroleum to push ahead with expansion despite Gulf crisis

State energy giant continue with expansion strategy to be on par with oil majors, despite Gulf crisis embargo.

Saad Sherida al-Kaabi

Read more: Qatar Petroleum to push ahead with expansion despite Gulf crisis

   

Dubai stocks dive to 27-month low on real estate woes

The market has shed 12.5 percent since the start of the year as cash injections dropped sharply.

Dubai stocks

Read more: Dubai stocks dive to 27-month low on real estate woes

   

South Africa miners reach $400m settlement for lung disease

Gold producers reach a settlement with lawyers representing thousands of miners who contracted fatal lung disease.

South Africa miners

Read more: South Africa miners reach $400m settlement for lung disease

   

Australia's Commonwealth Bank admits 2016 data breach

Revelation comes as country's financial sector faces intense scrutiny by royal commission searching for misconduct.

Read more: Australia's Commonwealth Bank admits 2016 data breach

   

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