Japan's Q1 growth fastest in more than two years
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
Mining exports drive Australian growth
Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.
05 June 2014
France says proposed US fine on BNP Paribas 'unreasonable'
France's foreign minister on Tuesday labelled as "unreasonable" a $10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba.
Kazakhstan banks exposed to high forex risk: S&PAssociate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.
23 May 2014
$138 billion offshored from KazakhstanAt a meeting of the National Chamber of Entrepreneurs of Kazakhstan it was announced that according to international estimates the money offshored from Kazakhstan amounts to $138 billion.
23 May 2014
Swiss turn down world's highest minimum wageSwiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.
Central Bank Governor on Kazakhstan-based banksAccording to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.
State-run Single Pension Fund to deposit money with Kazakhstan-based banks“I commission the National Bank and the Government to work out a strategy to invest the assets of the Pension Fund, including depositing the money with Kazakhstan-based banks for a long term”, President Nazarbayev said earlier.