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Russian central bank slashes key rate, sees room to cut further
Russia's central bank slashed its key interest rate to 11% on Thursday and said it saw room for more cuts this year, as inflation slows from more than 20-year highs and the economy heads towards a contraction.
European shares lifted by banks, commodity stocks ahead of Fed
European shares rose on Wednesday, lifted by resource-linked stocks and banks, with investors watching for updates from central banks on monetary policy tightening amid rising concerns of an economic slowdown.
Putin says ‘Thank God’ some foreign companies have left Russia
President Vladimir Putin said on Thursday that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to acquire advanced technology and luxury goods.
World shares climb, dollar falls on relief over Fed’s flexible stance
World shares rose on Thursday and the U.S. dollar edged lower, a day after minutes from the U.S. Federal Reserve's May meeting indicated the central bank would remain flexible and might pause rate hikes later in the year.
Sokin expands payments partnership with Mastercard across the region
Sokin, the new generation fintech payment firm, has signed a comprehensive partnership agreement with Mastercard to support the rollout of its fixed-price payment services across new markets in the Middle East and Africa.