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.
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.
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.
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".
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.
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
Greece eyes fresh bailout funds after budget passed
The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.