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Euro weakens as eurozone fails to agree Greek deal The euro fell in Asian trade on Wednesday and shares eased after eurozone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.

22 November 2012

Moody's cuts top French rating, terms outlook negative France came under fresh economic pressure as the international ratings agency Moody's cut the French government bond rating by one notch from the highest level to "Aa1".

21 November 2012

Fitch Ratings upgrades Kazakhstan's Long-term foreign currency Issuer Default Rating The upgrade is assigned to further strengthening of the trade balance, relatively low public debt, strong growth prospects, and steps taken to revitalize the country’s banking system.

20 November 2012

BoJ holds off fresh easing despite calls for action The Bank of Japan held off launching fresh easing measures on Tuesday, despite growing calls for further stimulus to spur the economy and as it warned of a "high degree of uncertainty".

20 November 2012

Moody's warns on Italy's banks Rating agency Moody's warned Monday that Italy's banks face worsening conditions over the coming year with asset quality declining, low profitability, and poor access to markets for funds.

20 November 2012

US pushing 'jobs diplomacy' after costly wars: Clinton The United States will push its economic interests more aggressively to preserve its global leadership after being tied down by two wars in the past decade, Secretary of State Hillary Clinton said Saturday.

17 November 2012

Obama stands firm on taxes in fiscal cliff showdown US President Barack Obama told opposition Republicans they would have to accept tax increases for the rich if the country was to avoid going over the fiscal cliff.

15 November 2012

Central Bank Governor reports to President Nazarbayev At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.

14 November 2012

Islamic Bank allocated $25 million to Kazakhstan farmers The Fund for Financial Support to Agriculture has started a series of seminars on Islamic financing for personnel of branches and representative offices in 11 regions of Kazakhstan.

13 November 2012

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IMF slashes Kazakhstan's 2012 GDP growth forecast again The International Monetary Fund lowered the growth forecast for Kazakhstan’s gross domestic product in 2012 from 5.5 to 5 percent.

12 November 2012

US not ready for Basel III bank rules: Treasury The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards.

10 November 2012

EU budget talks collapse The first round in two weeks of tough talks on the European Union budget collapsed Friday after austerity-minded states refused to plug a 2012 budget shortfall in funds destined for Europe's needy.

10 November 2012

Obama warns taxes must rise on rich US President Barack Obama on Friday claimed a mandate to raise taxes on the rich to pay for deficit reductions, firing his first post-election shot in a year-end budget showdown with Republicans.

10 November 2012

Poland urges no veto on tricky 2014-2020 EU budget Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.

10 November 2012

Kazakhstan’s Senate approves of the 2012-2014 draft budget The draft budget envisages decreasing revenues, reduced spending and widening deficit.

09 November 2012

Abramovich eyes Australian gas investment - report Chelsea football club owner Roman Abramovich jetted into Australia for talks with resource company Linc Energy, renowned for its underground coal gasification (UCG) technology.

08 November 2012

Merkel in Britain for tough budget talks with Cameron German Chancellor Angela Merkel and British Prime Minister David Cameron held talks over the EU's hotly contested budget in London on Wednesday with both agreeing that the bloc needed to heed public opinion.

08 November 2012

ECB's not set to fire 'bazooka' yet The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.

08 November 2012

Greek lawmakers to vote on austerity amid strikes Greek lawmakers vote Wednesday on austerity measures needed to unlock international aid and stave off bankruptcy despite strikes and public anger against billions more euros in tax hikes and pension cuts.

08 November 2012