Standard & Poor's cuts Catalonia debt rating to junk status Standard & Poor's slashed Catalonia's debt to junk-bond status Friday, warning of looming financial tensions with Spain's central government.
02 September 2012
Moody's holds Spain rating pending eurozone moves Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
01 September 2012
Brazil set to cut interest rate to new record low : analysts Brazil's central bank is set this week to announce its ninth interest rate cut to a record low of 7.5 percent, in a bid to revive sluggish economic growth.
29 August 2012
Kazakh Government still plans to exit capital of companies in all sectors apart from extraction When the private sector companies, including those working in the financial sector, recover from what they suffered in the crisis period, the priority will be given to the private sector ownership schemes: PM Karim Massimov.
28 August 2012
Moody's upgrades S. Korea credit rating Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.
28 August 2012
Merkel: 'every day' counts for Greece's austerity steps German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
28 August 2012
Atyrau oil refinery getting more money Atyrau oil refinery is getting another major loan for construction of its advanced oil processing center.
27 August 2012
Greek PM in crisis talks with Merkel Greece's prime minister was expected to press for more time to make key reforms and spending cuts to keep his debt-wracked country in the eurozone at crisis talks Friday with Chancellor Angela Merkel.
24 August 2012
Facebook at half-price: which way now? If you bought Facebook shares in the May IPO and held onto them, by Monday morning you would have lost more than half your investment -- and not see any encouraging signs of making your money back.
23 August 2012
German region to buy more Swiss tax cheat data The German region of North Rhine-Westphalia will continue to buy data on people suspected of stashing assets in Swiss banks to avoid taxes, the state premier was quoted as saying on Sunday.
21 August 2012
Greek euro exit 'manageable' but expensive: ECB A Greek exit from the eurozone would be "manageable" even if it would be expensive and result in higher unemployment.
20 August 2012
Italy's Monti warns against euro being EU 'break-up factor' The euro must not become a "break-up factor" that pits northern Europe against crisis-choked nations in the south of the continent.
20 August 2012
Kazakhstan’s National Oil Fund assets might be used to finance S&MBs With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.
16 August 2012
Asian economies most at risk from natural disasters Asian countries dominate a league table of economies most at risk from earthquakes, floods, storms and other natural hazards, according to research published on Wednesday.
16 August 2012
Indian PM pledges to attract more foreign investment Indian PM Manmohan Singh used his Independence Day speech on Wednesday to promise to improve conditions for foreign investment in the country after a sharp downturn in economic growth.
15 August 2012
BTA Bank opened yuan account in the Industrial and Commercial Bank of China BTA Bank and ICBC, the world’s biggest bank by assets, agreed to open a correspondent account of BTA Bank in ICBC Almaty.
14 August 2012
Olympics: Most Britons say Games worth the cost - poll Most Britons believe the London Olympics have delivered good value for money, according to a poll published Saturday, as the hosts revel in Britain's best performance at the Games for more than a century.
12 August 2012
Japan invests in Atyrau refinery Kazakhstan's Atyrau refinery signed a loan agreement with Japan Bank for International Cooperation and Bank of Tokyo Mitsubishi UFJ for $297.5 million.
09 August 2012
'Preferential shares' scandal ruins Spanish savers The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.
09 August 2012
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