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Mexican Peso Slumps Most in World After Campaign Finance Report

Mexican Peso Slumps Most in World After Campaign Finance Report

Mexico’s peso led losses among the world’s major currencies after a news report that the Finance Ministry had funneled money to campaigns for politicians from the ruling party.
Nigeria's Buhari Says He'll Punish Corruption in Spy Agency

Nigeria's Buhari Says He'll Punish Corruption in Spy Agency

Nigerian President Muhammadu Buhari pledged to penalize officials involved in diverting more than $43 million cash belonging to the country’s spy agency to a private residence in the city of Lagos.
Ramaphosa’s Narrow ANC Win Cuts Odds of a Quick Zuma Ouster

Ramaphosa’s Narrow ANC Win Cuts Odds of a Quick Zuma Ouster

Cyril Ramaphosa’s victory in a grueling battle to lead South Africa’s ruling party may have been the easy part.
Republicans Help Take Down a Trump Nominee

Republicans Help Take Down a Trump Nominee

The Senate Banking Committee refused to recommend confirmation of Scott Garrett to be chairman of the U.S. Export-Import Bank.
Investors Sour on Fiscal Stimulus as U.S. Tax Cut Nears

Investors Sour on Fiscal Stimulus as U.S. Tax Cut Nears

As U.S. President Donald Trump plans to offer what he calls a "Christmas gift" to American workers and businesses in the form of a tax overhaul bill, global investors are more ambivalent.
Saudi Arabia Sees Higher Oil Revenue as OPEC Cuts Boost Prices

Saudi Arabia Sees Higher Oil Revenue as OPEC Cuts Boost Prices

Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018.
Saudi Arabia Sees Non-Oil Economy Rebounding on State Spending

Saudi Arabia Sees Non-Oil Economy Rebounding on State Spending

Saudi Arabia Arab expects its economy to rebound in 2018, a crucial year for Prince Mohammed bin Salman’s blueprint for the post-oil era, as authorities ease an austerity drive that hurt growth.
Jill Stein Is Asked for Documents in Russia Probe

Jill Stein Is Asked for Documents in Russia Probe

The Green Party's 2016 presidential nominee says she's cooperating with a request for documents from a Senate committee probing Russian meddling in the U.S. election.
Fed Officials Doubt Tax Cuts Will Create Investment or Hiring Boom

Fed Officials Doubt Tax Cuts Will Create Investment or Hiring Boom

Two Federal Reserve officials, both former Goldman Sachs Group Inc. executives, expressed doubt corporate tax cuts under consideration in Congress will lead to an investment or hiring boom.
May Insists on 'Bespoke' Trade Deal in Face of EU's Rebuttal

May Insists on 'Bespoke' Trade Deal in Face of EU's Rebuttal

Prime Minister Theresa May is pushing for a made-to-order trade deal with the European Union -- despite the bloc’s insistence such a scenario is out of the question.
Who’s Who in the New Leadership of South Africa’s ANC

Who’s Who in the New Leadership of South Africa’s ANC

South Africa’s ruling African National Congress named its new leadership on Monday following one of the most hotly contested elections in the 105-year-old party’s history.
Sanctions-Proof Oil Rig Thwarts U.S. Policy From Cuba to Russia

Sanctions-Proof Oil Rig Thwarts U.S. Policy From Cuba to Russia

The oil rig was built mostly in China and drilled its first well in Cuba. Now it’s delivering a victory for Russia in its fight against U.S. sanctions.
Macron Says Syrian Refugees Won't Return With Assad in Power

Macron Says Syrian Refugees Won't Return With Assad in Power

French President Emmanuel Macron said it’s simply “realism” to accept that representatives of Syrian strongman Bashar al-Assad take part in talks seeking an end to the country’s civil war, but that
Saudis Down Yemen Rebel Missile Before It Strikes Palace

Saudis Down Yemen Rebel Missile Before It Strikes Palace

Saudi Arabia said its air defenses intercepted a ballistic missile fired by Yemen rebels at the royal palace in the capital, Riyadh, an attack that threatens to edge the kingdom and its chief nemesis,
House, Senate Plan Tuesday Votes to Pass Tax Bill

House, Senate Plan Tuesday Votes to Pass Tax Bill

The House and Senate are preparing to vote Tuesday on tax legislation, as Republican lawmakers are poised to approve the bills by securing enough votes without the support of Democrats. Bloomberg's
Ramaphosa Rand Rally Cuts Bets for Higher South Africa Rate: Chart

Ramaphosa Rand Rally Cuts Bets for Higher South Africa Rate: Chart

Cyril Ramaphosa made many pledges in the run-up to his election as president of South Africa’s ruling African National Congress. One thing he didn’t promise, but may deliver, is a hold in the
Argentina Pension Bill Approved, Boosting Macri’s Agenda

Argentina Pension Bill Approved, Boosting Macri’s Agenda

Argentina’s lower house approved a bill on Tuesday that changes how pensions are calculated, clearing the way for President Mauricio Macri to push through other proposals designed to narrow the budget
Scarred South Africa Turns to Mandela Favorite

Scarred South Africa Turns to Mandela Favorite

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South Africans Are Already $855 Richer Under Ramaphosa, Sort Of

South Africans Are Already $855 Richer Under Ramaphosa, Sort Of

It may be “graph crime,” but Renaissance Capital economist Charles Robertson has a nice way of looking at the rand’s Ramaphosa-driven rally.
China Says Trump Risks U.S. Leadership With Security Shift

China Says Trump Risks U.S. Leadership With Security Shift

China accused President Donald Trump of shirking the U.S.’s global leadership role, a day after his first national security strategy branded the country a “revisionist power.”