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.
16 November 2013
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.
15 November 2013
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.
14 November 2013
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.
13 November 2013
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.
13 November 2013
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.
13 November 2013
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.
12 November 2013
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.
10 November 2013
China seeks world role for 'people's money' With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
06 November 2013
Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan has based its new 3-year budget on the oil price of $90 per barrel.
05 November 2013
Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).
04 November 2013
E. Africa pirates took up to $413 mn since 2005: study Horn of Africa pirates have raked in up to $413 million in ransom since 2005, with most of it used to finance "global scale" criminal operations.
04 November 2013
KASE becomes member of World Federation of Exchanges Kazakhstan Stock Exchange (KASE) has become a member of World Federation of Exchanges (WFE).
02 November 2013
Foreign contractors bereave Kazakhstan businessmen of billions Foreign contractors have bereaved the local businessmen registered at the Kazakhstan government's public procurement website of around $372.6 million.
31 October 2013
Chinese bank lends Niger $1 billion: minister Niger has accepted a controversial $1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects.
30 October 2013
Toxic US corporate culture unchanged: TARP watchdog Five years after the US financial crisis forced the massive government TARP bailout, the US corporate culture remains toxic and breeding crime.
29 October 2013
Britain to announce Islamic Index on stock exchange Prime Minister David Cameron was on Tuesday to announce a new "Islamic Index" on the London Stock Exchange and reveal plans for Britain to release an Islamic bond.
29 October 2013
Oil-rich Kuwait warns welfare state unsustainable Oil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
29 October 2013
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