CNN chief quits, says 'new thinking' needed
CNN Worldwide president Jim Walton announced Friday he is quitting the job at the end of the year, saying the struggling cable network needs "new thinking."
28 July 2012
Smartphones power Samsung to record $4.5 bn net profit
South Korea's Samsung Electronics Friday posted a record net profit of 5.19 trillion won ($4.53 billion) in the second quarter, powered by strong smartphone sales despite the global downturn.
27 July 2012
Chinese and EU solar makers at war over dumping
A host of EU solar makers haved called on the European Commission to probe alleged dumping practices by its Chinese rivals, as Beijing warned an investigation could trigger a trade war.
27 July 2012
Facebook shares hit new low on growth worries
Facebook shares on Thursday sank to a new low after the world's leading social network reported a loss of $157 million in its first earnings after its public offering.
Facebook hopes investors like first earnings
Facebook reports its first earnings as a public company Thursday in an announcement that will be closely watched for signs of whether the social media giant can deliver on its financial promise.
China's economy to rebound in second half: IMF
China's economy will rebound in the second half of 2012 to achieve annual growth of eight percent as government policies to spur growth take effect.
26 July 2012
Kazakhstan Central Bank’s Governor on economic prospects
The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.
Kazakhstan to shortly ban Ponzi schemes
The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.
Euro inches off multi-year lows in Asian trade
The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis.