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EU leaders end year on high with Greece, bank deals EU leaders put a crisis-hit year behind them at the last summit of 2012 Friday, trumpeting hard-fought deals on Greece and banks but seemed to row back on reforms to fix the euro's shortcomings.

14 December 2012

President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum We need a favorable tax regime to support industrial production, new technologies and overall industrialization efforts: President Nazarbayev.

14 December 2012

Obama, Boehner meet in fiscal cliff talks President Barack Obama and Republican House Speaker John Boehner held surprise talks Thursday, as time ran short for hopes of a pre-Christmas deal to solve a fiscal crisis that could cause a recession.

14 December 2012

EU on verge of bridging pre-summit gulf on banks watchdog European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone bank, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode.

14 December 2012

EU seals deal on banks watchdog, ahead of end-of-year summit The European Union agreed early Thursday to create a bank supervisor to oversee lenders across the eurozone, following marathon talks which ended hours before the year's final EU summit.

14 December 2012

US financier tied to Pinochet money laundering dies Texas financier and media magnate Joe Allbritton, who lost the scandal-racked Riggs bank to a hostile takeover after it was fined for helping Chilean dictator Augusto Pinochet launder money, has died at the age of 87.

13 December 2012

Pensions to be raised by 9% starting from January 1, 2013 As of December 1, 2012 the average retirement allowance stands at $257.

12 December 2012

Government to secure transparency of EXPO-2017 financing Kazakhstan President instructed to properly manage the budget of EXPO-2017.

11 December 2012

IMF's Lagarde warns against US fudge on fiscal cliff The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.

10 December 2012

TENGRI LIFE

TENGRI TRAVEL

Spanish health workers stage fresh protest against cuts Thousands of Spanish health workers clad in white medical garb marched in Madrid on Sunday in a fresh protest against government health cuts and privatisation plans, just days after a similar demonstration.

10 December 2012

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