Kazakhstan National Bank released eagle-owl coin with diamond
The National Bank of Kazakhstan has released commemorative Eagle-Owl and Panther coins.
Political standoff has US on path to 'fiscal cliff'
As the US candidates battle it out in the final weeks of the campaign another showdown looms, with the world's largest economy coasting towards a potentially disastrous "fiscal cliff."
As euro-tension eases, EU summit mulls eurozone redesign
EU leaders will go into a brainstorming session Thursday in the first of three summits being held before Christmas in the hope of ending the year with a deal on a stronger economic and monetary union.
World economy needs action from China, EU: Geithner
US Treasury Secretary Timothy Geithner said Saturday the global economy was on the mend, but more needed to be done to stoke domestic demand in China and fix Europe's fiscal woes.
EU's Van Rompuy details eurozone budget rationale
EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.
Fiscal policy should be 'growth friendly': IMF body
The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday.
'Wartime' debt threat to global economy: Lagarde
Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.
IMF wants to give Greece two more years
The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.
EU to sanction states in bid to streamline air traffic
The European Commission plans to sanction EU members to nudge them into action on efforts to create a pan-European airspace that would cut costs and delays.