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Reuters Qatar’s stock index hit a five-year low on Monday because of a fresh sign that a diplomatic dispute in the region was starting to inflict long-term damage on some of its companies. Shares of Qatar Insurance dropped 2.3 percent after the company said it was closing its Abu Dhabi branch because it had not been able to obtain a ...

Bloomberg China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry, according to people familiar with the matter. The People’s Bank of China will convene an internal meeting on Tuesday to discuss its proposals and get feedback from Chinese institutions, said the people, who asked not to be ...

Bloomberg The world’s central banks can’t ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, according to the Bank for International Settlements (BIS). “Whether or not a central bank should provide a digital alternative to cash is most pressing in countries, such as Sweden, ...

Bloomberg Egyptian Central Bank Governor Tarek Amer said inflation in the most populous Arab country has peaked after policy makers responded to the surge in prices by raising borrowing costs to the highest level in more than a decade. “We are in the right direction and we are moving very fast,” Amer said in an interview on Monday. “We’ve been ...

Bloomberg Europe’s desire for a new institution that can keep an eye on government finances and rescue programs might be gaining momentum — if political leaders can only come up with a better name. The term ‘European Monetary Fund’ has become so entrenched that it was included in European Commission President Jean-Claude Juncker’s State of the Union address last week, ...

Bloomberg Ten years ago, a lender called Northern Rock, bloated with billions of pounds of risky mortgages, received emergency support from the Bank of England after the short-term funding it relied on dried up. Depositors lined up outside branches to get their money back, the first run on a British bank in 150 years. It was the start of a ...

Bloomberg Ilan Goldfajn is racking up the milestones as Brazil’s central bank president, but he’s still a long way from securing the institution’s ultimate goal: greater independence. Since taking the helm in June last year, the 51 year-old former Itau Unibanco chief economist has helped bring inflation to an 18-year low, hastened the end of subsidized state loans, and saw ...

Bloomberg Struggling retail companies across the US are shuttering their stores and declaring bankruptcy —again. Of at least 10 merchants to file for Chapter 11 protection from creditors in the past year, four are taking the trip to bankruptcy court for the second time in as many years. While the ins-and-outs of bankruptcy are inscrutable to the average customer, at ...

Bloomberg Airlines are cancelling flights in New Zealand and adding stops for long-haul services after a pipeline bringing jet fuel to Auckland airport was closed due to a leak. Air New Zealand estimated 2,000 customers a day will be affected by the disruption over the next few days as it has just 30 percent of normal fuel volumes available to ...

Bloomberg Ryanair Holdings Plc risks reviving its image for predatory customer service with a move to scrap hundreds of flights through the end of October because of poor planning. The shares fell nearly 5 percent. Europe’s biggest discount airline, which had previously treated its customers like a captive audience for hard-selling an array of products and services on board, has ...