Nigeria’s finance ministry will seek parliamentary approval to alter key 2010 budget assumptions to better reflect global energy prices and the OPEC member’s crude oil output, the junior finance minister said

The ghosts of Bosnia’s past are shackling its economic future and there may be little prospect of improvement after the ethnically divided country holds elections later this year

In 1997, OTP established its pension funds and became one of the success stories of the Hungarian market. Csaba Nagy tells World Finance about its operations and performance

Ghana expects oil to generate an average annual $800m revenues for state coffers from next year

A Chinese official has said China would reform its currency policy gradually and keep the exchange rate stable, rejecting US calls for it to rise more quickly

Standard and Poor’s have raised Morocco’s foreign and local currency ratings one notch, saying that by reducing its debt the Moroccan government had given itself more flexibility in economic policy

Credit is vital if trade is to flourish, says Simon Groves

The forex market is a huge business with several trillion dollars worth of transactions completed daily

The world’s top steelmaker, cautioned its markets would only recover slowly as it forecast higher shipments but lower selling prices in the early months of 2010, putting pressure on core profits.

Few measures have been taken to curb trade in financial services in the wake of the crisis although the volumes have dropped sharply, according to a study by the World Trade Organisation

Iranian President Mahmoud Ahmadinejad has stated that the national budget for 2010/11 would lessen reliance on oil revenues, a move aimed at making the Islamic state less vulnerable to any Western sanctions

Curbs on carbon dioxide emissions from new cars should be reviewed and possibly tightened as they may be insufficiently ambitious, the nominee for EU climate commissioner says

Gem funds promise sparkling returns

We provide essential expert commentary on Q3 financial activity, in order to put the end of the year into perspective

Watching monies shift, regulation contract, authorities and commissions reinvent themselves, and new exchanges conquering markets