JPMorgan to pay investors $4.5bn over mortgage bonds
JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.
Yellen says Fed stimulus must continue
Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank's stimulus must remain in place to bolster an economy where growth remains fragile.
Fitch Ratings affirms Kazakhstan's Long-term foreign and local currency IDRs at 'BBB+' and 'A-' respectively
The Outlooks on the Long-term IDRs are Stable.
Euro "too strong", says European Commission's Tajani
European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.
Pension assets to be fully consolidated in the Q1 2014: Central Bank Governor
Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.
China Singles Day online shoppers spend almost $6 bn
Chinese shoppers spent a record 35.0 billion yuan ($5.7 billion) at the country's biggest online marketplaces on Singles Day, their operator said Tuesday, after the festival created by e-tailers to persuade the loveless to console themselves with retail therapy.
EBRD raises Kazakhstan’s estimated GDP growth rate
At the same time the Bank’s analysts point to weakness of the country’s banking sector, with over 30% of the loan portfolios being NPLs.
EU to hold France, Germany to account in push for growth
The EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, over their growth and deficit policies.
As Twitter flies, fears mount on bubble
Twitter's high-flying Wall Street debut drew attention to the growing power of social media, but also raised concerns about a potential bubble in the sector.