'Bad bank' deal could be option for several countries: EU banking resolution chief A state-backed "bad bank" that would take over non-performing loans from a country's banks could also be an option for other countries.
17 February 2016
EU seals bad loans accord with Italy Italy and the European Union on Tuesday reached agreement on creating a guarantee vehicle to help Italian banks sell bad loans.
27 January 2016
Tenge slides 100% in 5 months; what next for Kazakhstan? Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.
22 January 2016
Interest rates on deposits in tenge raised in Kazakhstan In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.
21 January 2016
Iran boosts oil production by 500K, condemns new sanctions Iran announced a major boost in oil production on Monday after the lifting of sanctions under its nuclear deal.
19 January 2016
Chinese conglomerate to buy stake in Hollywood studio Chinese powerhouse Dalian Wanda is reportedly in talks to buy a controlling stake in US film studio Legendary, providing the company with a key anchor in Hollywood.
05 January 2016
Inflation in Kazakhstan makes 13.6% in 2015 Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.
05 January 2016
Kazakhstan National Bank explains tenge depreciation and equilibrium rate Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan
28 December 2015
Inflation in Kazakhstan nears 13%, central bank admits Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.
28 December 2015
Mitsubishi Heavy postpones delivery of first made-in-Japan jet Mitsubishi Heavy is postponing delivery of the first made-in-Japan passenger jet, a little more than a month after its maiden test flight.
24 December 2015
Turkmenistan eyes Western markets with new $2.5 bln gas link Turkmenistan hailed on Wednesday the completion of a $2.5 billion gas pipeline connecting its abundant eastern gas fields to the Caspian Sea while potentially expanding Europe's energy security options.
23 December 2015
Oil price slump forces Azerbaijan to stop propping up currency Energy-rich Azerbaijan, whose economy has been hit hard by falling oil prices, withdrew support Monday for its embattled currency and the manat plunged by nearly a third against the dollar.
22 December 2015
Brent hits 11-year low as oil extends slide on glut worries European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
21 December 2015
Australia's Westfield offloads five US malls Australian shopping centre giant Westfield Corp. said Monday it has offloaded five US malls for US$1.1 billion to divest non-core assets.
21 December 2015
Hard economic lessons as China's coal boom ends China's coal industry is now crippled by oversupply, but its companies are too big to fail.
09 December 2015
EU, Turkey agree 3bn euro aid deal to stem migrant crisis: Tusk The European Union and Turkey agreed on a deal to stem the migrant crisis, including a three-billion-euro ($3.2-billion) aid package for Syrian refugees in Turkey.
30 November 2015
Facebook ramps paid leave time for new dads With Facebook co-founder Mark Zuckerberg about to become a dad, the social network boosted the amount of time fathers can take off to bond with their new babies.
28 November 2015
American billionaire Jim Rogers considers investing in Kazakhstan American billionaire Jim Rogers is thinking about investing in Kazakhstan, a country he visited in October.
27 November 2015
Obama vows better trade ties with new Argentine leader US President Barack Obama sought to capitalize on Mauricio Macri's election to open a new, less contentious chapter in relations with Argentina.
26 November 2015
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