After years of breaking free from dynamics in the crude oil market, Nigeria's naira has once again become a petro-currency. Petro-currencies are currencies of oil-producing nations which tend to rise ...

Colombian President Gustavo Petro has lost his 13th cabinet minister in three months, sending the country’s first leftist ...

The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the ...

BOGOTA (Reuters) -Colombian Finance Minister Diego Guevara announced his resignation on Tuesday, amid clashes over budget ...

The Russian ruble is plunging as oil prices continue to fall. The petro-currency is down by 1.6% at 67.0619 as of 12:13 p.m. ET. Meanwhile, Brent crude oil is down by 1.0% at $48.46 per dollar.

FILE - Venezuelan President Nicolas Maduro presides over the international launch event for the petro — the cryptocurrency developed by his presidential administration — in Caracas, Venezuela ...

Make America Great Again. Globally, will the world accept the new America? Will the petro-dollar remain as the dominant global reserve currency? Historic times, indeed. We encourage readers to ...

Colombia’s bonds and currency tumbled Tuesday on unconfirmed local media reports that the nation’s fiscally-conservative Finance Minister Diego Guevara would step down after just three months in the ...

The Colombian peso Monday suffered a historic devaluation amid uncertainty less than a month ahead of President-elect Gustavo Petro's inauguration. Incumbent conservative President Iván Duque ...

Colombian Finance Minister Diego Guevara confirmed earlier news reports that he was submitting his resignation after only three months in office, a move that had sent the country’s assets tumbling on ...