Saudi Arabia has temporarily halted all oil shipments through a key waterway after Yemen's Iran-aligned Huthi rebels attacked two crude vessels, officials said on Wednesday.

Iran replaced its central bank chief on Wednesday, local media reported, amid fallout over banking scandals and the crisis facing the country's economy.

There is "no evidence" Chinese authorities have been intervening to move the exchange rate of the yuan, a senior International Monetary Fund official said Tuesday.

South African President Cyril Ramaphosa on Tuesday announced that China would invest $14 billion in the country after he held talks with President Xi Jinping in Pretoria on the eve of a multilateral summit.

The Turkish central bank on Tuesday kept its key interest rate unchanged, defying pressure for a rate hike to keep a hold on soaring inflation and prompting a new slump in the value of the lira.

Leaders of the BRICS emerging economies -- Brazil, Russia, India, China and South Africa -- will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda.

Asian markets largely lost ground Monday as jitters grew over a potential trade and currency war, with the dollar sliding against most major currencies and extending Friday's declines.

Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands.

Italian media and politicians saluted Sergio Marchionne on Sunday, who has stepped down following 14 years heading auto giant Fiat owing to serious health problems believed to be life threatening.

"Come, I'll show you what a potential billion dollars looks like," said P.J. Okocha, opening the door of a small, modern house in southern Nigeria to reveal a thousand yam seedlings.