EU, IMF, praise Greek progress battling debt
Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.
01 June 2013
UBS France placed under investigation
Paris investigators placed the French branch of Swiss bank UBS under formal investigation Friday on suspicion it helped try to persuade rich French clients to open undeclared accounts in Switzerland.
OPEC set to hold oil output ceiling again
The OPEC oil cartel was widely expected on Friday to maintain its collective output ceiling amid lingering worries over the health of global energy demand.
31 May 2013
US fines Total $398 mn over bribes in Iran
French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to secure oil and gas concessions.
Halyk Bank on purchasing BTA
Halyk Bank has entered negotiations over the offer to purchase BTA. The due diligence is under way.
30 May 2013
Wal-Mart fined $110 mn over hazardous waste
Wal-Mart was hit with $110 million in US federal and state fines Tuesday after pleading guilty to criminal charges of mishandling hazardous waste and pesticides at its retail stores.
Japan retains status as top creditor nation
Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.
28 May 2013
France blacklists 17 countries for handling foreign aid
France has drawn up a blacklist of 17 countries including Switzerland that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds.
28 May 2013
Venezuela accuses CNN of seeking to foment coup
Venezuela's President Nicolas Maduro on Monday accused US-based news network CNN en Espanol of working to promote a coup d'etat as part of a wider media war against his socialist government.
28 May 2013
Brussels expected to up pressure for economic reform
The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.
Kerry unveils $4 bn Palestinian investment plan
US Secretary of State John Kerry unveiled Sunday a plan to boost the Palestinian economy by attracting $4 billion in private investment, saying it could transform the lives of the people.