IMF chief urges Gulf to adapt to sustained oil price drop IMF chief urges Gulf to adapt to sustained oil price drop International Monetary Fund chief Christine Lagarde warned that global energy prices could remain low for years and urged Gulf countries to adjust their budgets.
09 November 2015
Facebook soars to new heights on upbeat earnings Facebook soars to new heights on upbeat earnings Facebook shares rocketed to an all-time high as investors welcomed solid earnings for the social networking giant, which has seen big gains in advertising and better connections in mobile and video.
06 November 2015
Second Baltic pipeline will cost Ukraine $2bn a year: PM Second Baltic pipeline will cost Ukraine $2bn a year: PM Ukrainian Prime Minister Arseniy Yatsenyuk blasted a planned second gas pipeline under the Baltic Sea, claiming it would cost his country $2 billion (1.8 billion euros) a year in lost revenue.
06 November 2015
Kazakhstan’s Central Bank on ongoing depreciation of the tenge Kazakhstan’s Central Bank on ongoing depreciation of the tenge To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.
05 November 2015
Moody's cuts VW's credit rating amid emissions scandal Moody's cuts VW's credit rating amid emissions scandal Moody's hit embattled German automaker Volkswagen with a credit downgrade, saying the company's reputation and earnings were at risk from the growing emissions cheating scandal.
05 November 2015
Moscovici confident of 'compromise' with Greece on remaining reforms Moscovici confident of 'compromise' with Greece on remaining reforms The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.
04 November 2015
VW sales in United States hit by emissions scandal VW sales in United States hit by emissions scandal Volkswagen sales in the US market appeared to take a hit last month from the company's huge emissions scandal.
04 November 2015
Commerzbank plans dividend for 2015 despite drop in Q3 profits Commerzbank plans dividend for 2015 despite drop in Q3 profits Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.
02 November 2015
Samsung unveils $10bn share buyback with Q3 profit surge Samsung unveils $10bn share buyback with Q3 profit surge South Korea's Samsung Electronics pulled out of an extended earnings dive, reporting a nearly 30 percent surge in third-quarter net profit and announcing a $10 billion share buyback.
29 October 2015
Facebook expands smartphone alerts to news, weather Facebook expands smartphone alerts to news, weather Facebook, making a bigger push to deliver personalized information to its members, said it was expanding its mobile alerts to include sports scores, weather updates and local news updates.
27 October 2015
Greece 'has no time to lose' to meet creditor demands: Dombrovskis Greece 'has no time to lose' to meet creditor demands: Dombrovskis The European commissioner for the euro told Athens it has "no time to lose" in carrying out reforms its international creditors have demanded in exchange for bailout funds.
26 October 2015
Russia to open $5 bn Iran credit line: Tehran Russia to open $5 bn Iran credit line: Tehran Russia plans to open a $5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said during a visit by Moscow's energy minister.
23 October 2015
Instagram short 'Boomerang' videos aim to hook users Instagram short 'Boomerang' videos aim to hook users Instagram unveiled a new feature allowing users to post one-second video "loops" in an effort to keep up with rivals offering animated images.
23 October 2015
Italy's Fendi sets up home in fascist folly Italy's Fendi sets up home in fascist folly Luxury fashion company Fendi unveiled its new headquarters in a long-abandoned, now renovated architectural folly created by the WWII fascist leader Benito Mussolini in Rome.
23 October 2015
Kazakhstan’s Central Bank Governor on tenge prospects Kazakhstan’s Central Bank Governor on tenge prospects We believe the current exchange rate of 277 tenge for USD1 reflects the true market value and is the one the country’s economy benefits from: Kairat Kelimbetov.
21 October 2015
Apple Music boasts 6.5 mn subscribers Apple Music boasts 6.5 mn subscribers Apple chief executive Tim Cook said the technology giant's new music service has some 6.5 million subscribers.
20 October 2015
Standard & Poors no longer takes Kashagan into account when assigning ratings to Kazakhstan Standard & Poors no longer takes Kashagan into account when assigning ratings to Kazakhstan The project is likely to be regarded as ad addition to the current economic growth model that has been recently shaped: S&P’s Associate Director Karen Vartapetov.
20 October 2015
Deutsche Bank accidentally sent client $6 billion: report Deutsche Bank accidentally sent client $6 billion: report Germany's biggest lender Deutsche Bank accidentally sent $6 billion to a client after entering the wrong numbers, Bloomberg News reported.
20 October 2015
Weight Watchers soars after Oprah tips investment scale Weight Watchers soars after Oprah tips investment scale Weight Watchers shares more than doubled in value after US media star Oprah Winfrey said she will buy a 10 percent stake in the struggling company.
20 October 2015

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