Rand strengthens on S Africa central bank appointment

South Africa's president, Jacob Zuma, has named the former Treasury boss, Lesetja Kganyago, as the new governor of the country's central bank.

Swiss divided as 1:12 executive pay referendum nears

To see just how far the revolt against fat cat pay has spread, you could do worse than visit a grey building a stone's throw from the open-air market and pavement cafes of the Bärenplatz in the medieval centre of Bern.

Greece eyes imminent troika deal to unlock bailout aid

ATHENS: Greece hopes to conclude negotiations with the so-called troika of international creditors by Monday in a bid to unlock the next rescue loan, the head of the country's socialist party said Saturday.

Bank of England tells banks to raise £25bn

Major UK banks must raise a total of £25bn in extra capital by the end of 2013 to guard against potential losses, the Bank of England (BoE) has said.