S&P upgrades Ukraine from 'selective default'
Standard and Poor's upgraded Ukraine's credit rating from "selective default" thanks to the cash-strapped former Soviet country's ability to strike a major debt write-restructuring deal.
Brazil president reshuffles cabinet to avert disaster
Brazilian President Dilma Rousseff ordered a government reshuffle, axing eight ministries in what was announced as a cost-cutting measure but seemed aimed at ending political paralysis.
Germany pledges 100 mln euros for refugees
Germany committed an additional 100 million euros ($113 million) to UN agencies to improve assistance for refugees in their home regions.
Why intervene with tenge free float?
Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.