Portugal to take two banks to court over swap deals
Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.
Spain begs time to fix finances, eyes growth
Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
Kazakhstan’s President Nazarbayev urging Kazakhstanis not to invest into tax havens
Grass is always greener on the other side of the fence. If you have managed to earn, invest the money inside Kazakhstan: Nazarbayev.
Kazakhstan mulls restricting cash withdrawal
Kazakhstan financial police is suggesting to legally restrict withdrawal of cash by individuals and legal entities.
Labor migrants generate $1.1 billion a year for Kazakhstan
At least 0.57 percent of Kazakhstan's GDP -- $1.1 billion per year -- is generated by labor migrants.
OECD backs Japan deflation fight, says must cut debt
The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.
GDP expected at 5% in H1 in Kazakhstan
Forecast GDP growth will make 5 percent in Kazakhstan in the first half of 2013.
IMF, Egypt hope to reach loan agreement in 'weeks'
The International Monetary Fund and Egypt hope to conclude talks for a loan deal "in the coming weeks".
Britain launches legal challenge to EU finance tax
The British government has launched a legal challenge against plans for a European financial transactions tax to be adopted by 11 EU states.