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Sri Lanka cuts lending rates hoping for growth Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.

10 May 2013

Australia cuts interest rate to record low 2.75 pct Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.

07 May 2013

Notorious French bank robber commits suicide after drugs arrest Marc Armando, the suspected mastermind behind one of France's most spectacular bank heists two decades ago, has committed suicide in prison.

05 May 2013

Temirbank ready to merge with Alliance Bank Temirbank is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.

01 May 2013

Portugal to take two banks to court over swap deals Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.

28 April 2013

Japan's Nakao elected new ADB president Takehiko Nakao, a former Japan vice minister for finance, has been elected president of Asian Development Bank.

26 April 2013

Patokh Chodiev's nephew buys TAIB Kazak Bank Orifjon Shadiev (Chodiev) purchased 100 percent of TAIB Kazak Bank becoming its new owner.

25 April 2013

Sprint counteroffer to make no difference: SoftBank Japan's SoftBank said Tuesday it still expects its bid to acquire Sprint Nextel will succeed on schedule in July, despite a higher counter-offer from a US firm.

17 April 2013

Kazakhstan has no competitors as possible location for nuclear fuel bank The place should have a combination of good experience and technological capacities in nuclear sector: Kazakhstan expert.

12 April 2013

Swiss banks eager to root out undeclared funds: experts Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.

09 April 2013

Cyprus bank workers to strike over pension fears Cyprus bank workers are to go on strike Thursday over fears pensions may be at risk under the country's crippling bailout, after the new finance minister vowed to do "whatever it takes" to right the economy.

04 April 2013

Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s In case of this deal Halyk will become the biggest Kazakhstan bank by assets and its market share will make over 25 percent.

03 April 2013

China's Xi signs multi-million-dollar deals in Congo China's new President Xi Jinping on Friday signed deals worth several million dollars with his Congolese counterpart in sectors as varied as banking and infrastructure, on the final leg of his three-nation Africa tour.

01 April 2013

BRICS stumble in plan for bank to challenge West Leaders from the BRICS group of emerging powers on Wednesday failed to launch a much-anticipated new development bank to rival Western-dominated institutions like the World Bank.

28 March 2013

Bank deposits of Kazakhstan residents exceed their salaries Kazakhstan residents are saving more money on their bank accounts than they officially earn.

27 March 2013

There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko We don't see any deposits of Kazakhstan legal entities or individuals in Cyprus banks and our banks have no relations with Cyprus banks: Marchenko.

27 March 2013

'Superhuman' efforts made to open Cyprus banks: governor "Superhuman" efforts are being made to reopen banks in Cyprus on Thursday, as protests and uncertainty over the island's top lender showed a huge bailout has not ended its troubles.

27 March 2013

Cyprus banks to stay shut as world markets take fright Cyprus reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's 10-billion-euro bailout deal with international creditors.

26 March 2013

Cyprus launches banking overhaul as meltdown looms Cypriot politicians have until Monday to approve a "Plan B" bailout deal with the European Union and International Monetary Fund.

22 March 2013

Kazakhstan’s depositors keeping about $50 million with Cyprus banks Cyprus authorities suggested introducing a 6.75% non-recurrent tax on deposits under 100 000 Euro and a 9.9% tax on deposits exceeding that amount.

21 March 2013

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