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With Romney filing, 2012 election spending tops $2 bn Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.

07 December 2012

US court gives Argentina new break on debt payment A New York appeals court on Tuesday rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.

06 December 2012

Greece launches bond buyback programme Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.

05 December 2012

Standard & Poor’s retains Kazakhstan's credit ratings Standard & Poor’s has retained Kazakhstan’s long- and short-term foreign and local currency sovereign credit ratings at 'BBB+/A-2'.

03 December 2012

Asian shares mixed as US worries trump China data Asian markets were mixed on Monday, after optimism over data showing Chinese manufacturing activity had picked up pace in November was tempered by concerns over US talks to avert the fiscal cliff.

03 December 2012

S&P upgraded Samruk-Kazyna's credit rating Standard & Poor’s has upgraded its long- and short-term local and foreign currency credit ratings of Kazakhstan's Samruk-Kazyna National Welfare Fund.

03 December 2012

Kazakhstan leads Central Asia by number of multi-millionaires Kazakhstan is rankedf irst among Central Asian countries by the number of people with fortunes exceeding $30 million.

03 December 2012

IIF says Greek debt buyback must be 'voluntary' A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."

01 December 2012

Republicans reject 'ridiculous' Obama fiscal cliff proposal Republicans rejected as "ridiculous" Thursday a White House plan to raise $1.6 trillion in new taxes over the next decade, as crunch talks on the US deficit took a turn for the worse.

30 November 2012

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Kazakhstan citizens ready to spend 5.7 billion tenge on KazTransOil stock Kazakhstan citizens purchased common shares of KazTransOil national company for the total amount of 1.4 billion tenge ($9.3 million).

29 November 2012

Euro slips after buying on Greek rescue fizzles The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.

29 November 2012

Kazakhstan Temir Zholy National Railways Operator obtained a loan of over $400 million from the Export-Import Bank of the United States The loan will go to finance purchase of Evolution ES44ACi locomotives.

28 November 2012

EU ministers agree significant debt relief deal for Greece Greece won breathing space Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.

27 November 2012

Fitch Ratings upgrades KazMunaiGas rating to BBB Fitch has upgraded the long-term rating of Kazakhstan national oil and gas company KazMunaiGas.

26 November 2012

New eurozone talks to save Greece from financial collapse Eurozone finance ministers meet in Brussels Monday for the third time in two weeks for talks on unlocking the next slice of aid to debt-crippled Greece, which is in danger of running out of money.

26 November 2012

British press hails Cameron's EU budget stance Prime Minister David Cameron secured a decent result for Britain at the European Union budget summit, Britain's newspapers said Saturday, while warning that his good fortune may not last.

25 November 2012

S. Korea vows 'aggressive' defence against Lone Star claim South Korea said it would "aggressively" defend itself Thursday after a US private equity firm initiated arbitration of a damages claim arising from the sale of its stake in a Korean bank.

24 November 2012

EU leaders suspend budget talks until noon Friday European Union leaders on Friday called an overnight suspension of talks aimed at reaching a deal on a hotly contested long-term budget.

23 November 2012

Australia welcomes move to count Aussie as reserve currency Australia hailed as an endorsement of its economic strength Wednesday IMF moves to count its dollar as a foreign reserve currency, though its central bank chief downplayed it as a technicality.

22 November 2012