In other news
IMF head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in United States interest rates.
An economic crisis plan that Russia has adopted won't require any more budget spending than was already planned, says finance minister Anton Siluanov.
A disease that has spread amongst bees in the Western Cape is threatening to reach KwaZulu-Natal and completely wipe out South Africa’s bee population.
The Dow has fallen more than 260 points in early trade following several disappointing earnings reports from big companies and a surprising drop in durable goods orders.
Economics professor Yanis Varoufakis has confirmed that he would become Greece's next finance minister, promising to defy advice to "put up or shut up".
Britain's economy grew by 2.6% in 2014 - its fastest pace since the start of the global financial crisis, official figures have shown.
Russian President Vladimir Putin says decisions taken by credit rating agencies are politically motivated, after S&P downgraded the rating below investment grade.
The European Union will put in place its 'capital markets union' by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document shows.