London tops super-rich city list, survey shows
London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed.
11 May 2014
Nauru applies for IMF membership
The tiny Pacific island nation of Nauru has officially lodged an application for entry to the International Monetary Fund, the global financial body said.
10 May 2014
Sotheby's gives Loeb board seats, avoiding showdown
Sotheby's agreed Monday to appoint hedge fund activist Dan Loeb and two allies to its board, averting a shareholder vote over the direction of the prestigious fine art auctioneer.
Portugal to end EU-IMF bailout with clean break
Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.
Spain shows fastest growth in six years: central bankSpain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.
Brazil names 46 suspects in money-laundering, drug probePolice in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.
18 April 2014
Central Bank to raise requirements to banks tenfold by 2020Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.
President Nursultan Nazarbayev on the country’s financial industryHead of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.
16 April 2014
China bank loans surge in March: central bankChina's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.