Merger of Kazakhstan’s pension funds planned since 2010
A foreign company interested in the local market suggestion to merge all the Kazakhstan pension funds into one and transfer it to foreigners for management was made in 2010: source.
Nestle finds horsemeat in pasta dishes in Italy, Spain
Swiss food giant Nestle has become the latest retailer hit by Europe's horsemeat scandal, announcing it is removing pasta meals from supermarket shelves in Italy and Spain due to contamination.
Devaluation of bolivar expensive for some US firms
The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.
17 February 2013 11:46
EU states want 'fair tax share' from big business
The finance ministers of Britain, France and Germany on Saturday launched a new drive to force big business to pay its fair share of tax and halt the schemes of top firms to keep payments to a minimum.
16 February 2013 18:08
Britain warns against 'economic warfare' on forex at G20
British Finance Minister George Osborne warned against "economic warfare" as the G20 states of top world economies met hoping to allay fears they could devalue national currencies to boost economic activity.
16 February 2013 15:01
China holiday retail sales jump 15%: government
China on Saturday said retail sales jumped nearly 15 percent on-year during the week-long Lunar New Year holiday, as consumers splurged on jewellery, clothes and food.
Berkshire, 3G buy ketchup maker Heinz in $28bn deal
Billionaire Warren Buffett's investment powerhouse Berkshire Hathaway and Brazilian-led 3G Capital announced Thursday they would take over venerable US ketchup maker Heinz in a deal worth $28 billion.