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World Stocks Firm on Eve of British Referendum

Global stocks largely rose Wednesday and the pound clawed higher on the eve of Britain's closely fought referendum as traders eye the country voting to remain in the European Union.

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ECB Launches New Round of Ultra-cheap Loans for Banks

The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area.

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Over 1,200 Business Titans Raise Brexit Alarm on Eve of Vote

More than 1,200 business titans united Wednesday to warn against Britain breaking with the EU, as rivals battled for the last votes on the eve of a tightly fought referendum that will shape Europe's future.

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New Airline Ready for Takeoff as Cyprus Tourism Soars

As Cyprus emerges from a deep financial crisis, a new low-cost airline will launch next month to tap into the Mediterranean island's resurgent tourism market.

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Mobile Money to Power Africa Financial Growth

Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.

The Boston Consulting Group (BCG) estimated that in three years, 250 million Africans without access to traditional banking services "will have mobile phones and a monthly income of at least $500".

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Oil Edges up on Weaker Dollar as Britain EU Vote Looms

Oil climbed in Asia Wednesday after Federal Reserve boss Janet Yellen's cautious remarks on the US economy weakened the dollar and traders nervously await Britain's vote on its future in the European Union.

Traders are also waiting for the release later in the day of official US stockpiles data, hoping for an idea about demand in the world's top oil consumer, after an industry group said supplies had tumbled last week.

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British PM Issues Brexit Warning in Knife-Edge Race

Prime Minister David Cameron pleaded with Britons Tuesday to think of their children and their economic well-being before voting to quit the EU, as polls showed a razor-tight race with less than 48 hours before the referendum.

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Ukraine Says it Expects No Fresh IMF Funds this Year

Ukraine said on Tuesday it was not hoping for fresh money from the International Monetary Fund this year, but said a payment delayed from 2015 should still come its way.

The announcement by Ukrainian Prime Minister Volodymyr Groysman signals the Fund's lingering reservations about the corruption and legislative problems besetting the cash-strapped former Soviet state.

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Greece to Get EU Bailout Tranche Tuesday

Greece on Tuesday will receive 7.5 billion euros ($8.5 billion) in promised loans from its international creditors, senior European officials said.

European Commission chief Jean-Claude Juncker, who is on a visit to Greece told Greek President Prokopis Pavlopoulos: "The ESM payments will take place today."

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Oil Prices Dip ahead of British EU Vote, U.S. Stockpiles

Oil prices fell in Asia Tuesday, snapping two days of gains, ahead of a report on US crude inventories and the British referendum on whether to stay in the European Union.

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