The message from both of us was of a resurgent Africa, a place for business and for opportunity, drawing strength from internal positive dynamics and still resilient to the slowdown in the global economy. We both emphasized how the work of the African …

A statement released on July 30 by the World Bank Group says the latter committed a record US$14.7 billion in fiscal year 2013 (July 2012 to June 2013) to support economic growth and better development prospects in Africa despite uncertain economic …

Confidence is soaring at British firms as parts of the global economy hit a “decisive turning point”. The Global Economics Conditions Survey (GECS) by the Association of Chartered Certified Accountants (ACCA) and Institute of Management Accountants …

WRAP: On balance, Asia and Europe were able to deliver relatively positive economic data to paint a slightly more positive picture of the global economy than we've been accustomed to. However, investors are likely to move to the sidelines today as they …

First, governments around the world need extra cash. Meanwhile, rich Chinese, who face limited investment options at home, are looking for better places to deploy their resources. Some are also looking for overseas domiciles in case of scandal at home …

On Thursday Mubulala Development converted one of its investment in Batista's EBX Group to debt, meaning Batista now owes the fund $1.5 billion, according to the news service's Billionaires Index. Consequently Batista, once estimated to be worth $34.5 …

The acquisition of Digital Domain 3.0 Saturday by a Hong Kong-based scrap-trading company is in reality just the public face of a complex, long-gestating deal financed by a mysterious Chinese investor whose name is rarely uttered by his associates and …

There are 3770 official millionaires and four billionaires in Ukraine. These data is released by the Incomes and Fees Ministry on results of campaign of declaring income and property status. In total, nearly 665 thousand declarations were filed for a …

'We have a penetration of one in two billionaires in the world', Chief Executive Officer Sergio Ermotti told analysts and reporters Tuesday. 'In Asia, this was much deeper'. UBS is targeting affluent clients in emerging markets as indebted economies …