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US Treasury to sell $18 bn of AIG stock The US Treasury Department announced Sunday that it has launched a public offering of $18 billion of its common stock in AIG, the giant insurer bailed out by the US government.

10 September 2012

France's Hollande outlines sweeping new taxes for recovery France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.

10 September 2012

US pleased with APEC 'green' products list The United States welcomed Friday a deal to cut tariffs on dozens of "green" products in the Asia-Pacific, saying it would boost the region's economies as well as help protect the environment.

08 September 2012

ECB brings out its 'bazooka' to save euro The European Central Bank announced a massive sovereign bond buy up Thursday, brushing aside German opposition to unleash a so-called "big bazooka" against the debt crisis.

07 September 2012

Mining magnate Rinehart says Australia 'too expensive' Mining tycoon Gina Rinehart on Wednesday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa.

06 September 2012

Republicans slam Obama as US debt tops $16 trillion Republicans pinned America's "crushing" fiscal burden squarely on President Barack Obama on Tuesday after the national debt passed $16 trillion just before the Democratic National Convention opened.

05 September 2012

7.3% Kazakhstan residents would like to buy shares in People’s IPO The plan is to involve at least 1% of Kazakhstan's population (160 thousand people) in the People's IPO program in 2012-2015.

05 September 2012

Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.

04 September 2012

US nears deal to cut Egypt debt by $1 bn: report The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt, The New York Times reported Monday.

04 September 2012

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Bernanke signals desire for more Fed stimulus US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.

02 September 2012

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