Sudan has declared a state of emergency to avert economic downturn due to the dramatic fall of its local currency against the US dollar and soaring inflation. The decision -- reported by official news agency SUNA -- includes setting up emergency courts, enacting laws to protect the economy,...

Dozens of emerging market funds have closed this year as turmoil unleashed by the coronavirus has damaged investor sentiment towards the asset class, where returns lag those of developed economies. A weaker U.S. dollar, which would typically have boosted emerging markets, has failed to lift...

The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID-19 pandemic was stalling. The weekly jobless claims report from the Labor Department Thursday, the most timely data on the economy's...

Oil prices slid on Thursday after data showed U.S. crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 24 cents, or 0.63%,...