Russia has become a world-class saver. So much gold has piled up in its central bank that Russia surpassed China last year to become the world’s fifth-largest holder of gold. The International Monetary Fund often has to badger developing nations to bulk up foreign currency reserves. Russia...

 Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments.  SoftBank Group said it would repurchase 112 million shares worth 600 billion...

Iran on Tuesday ruled out linkage between a new EU mechanism to trade with Tehran bypassing US sanctions and an anti-money laundering bill. "Linking implementation of this mechanism... with the requirements of institutions such as the FATF is unacceptable," the foreign ministry said,...

The World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects. Like its sister institution, the International Monetary Fund (IMF), it was created in 1944 at the Bretton...