Australia defends mining tax after 'zero earnings'
Australian Treasurer Wayne Swan defended the government's mining profits tax Thursday after reports that no revenue had collected in the first quarter due to China-driven cooling in the sector.
25 October 2012
Kazakh-Swiss Business Council launched in Zurich
The agreement was signed by KazAtomProm’s (National Nuclear Company) Chairman Vladimir Shkolnik and Peter Spuhler, CEO and owner of Stadler Rail Group.
Canadians' well-being down as economy grows: study
Quality of life for Canadians has dropped significantly since the last recession in 2008, even though indicators show a rebound in the economy, said a study published Tuesday.
Chinese, US, Russian firms to set up ratings agency
Chinese ratings agency Dagong said Tuesday it was tying up with US and Russian partners to form a new "independent" group to rival US-based agencies it claims have "proven inadequate".
23 October 2012
Kazakhstan gains 7 notches in the WB’s Doing Business – 2013
Poland was the global top improver in the past year. Kazakhstan is among the other nine economies recognized as having the most improved ease of doing business across several areas of regulation as measured by the report.
Earnings reality sinks US investor hopes
A reality blast of disappointing earnings from a clutch of US business heavyweights wiped out midweek gains Friday as US markets suffered another poor week.
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."
19 October 2012
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.
18 October 2012
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.
14 October 2012
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.
14 October 2012
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.
13 October 2012
'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.
12 October 2012
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.
Spain, France vow action on eurozone crisis
The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.