New debt would be 'worst possible' error in EU: SchaeubleRunning up new debt would be "the worst possible" thing to do, German Finance Minister Wolfgang Schaeuble said on Tuesday as a debate resurfaces over an easing of EU fiscal rules.
24 June 2014
G20 lagging on growth targets: AustraliaReforms proposed to lift global growth in line with a target set by the world's biggest economies earlier this year are so far falling short, Australian Treasurer Joe Hockey said.
After eurozone crisis, IMF rethinks rescuesThe International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilize their finances.
Three major projects sealed by Kazakhstan and KoreaKazakhstan and Korea have agreed on three major joint projects: construction of the Balkhash Thermal Power Plant, construction of a gas chemical facility in Atyrau Oblast and development of Zhambyl oil and gas field.
20 June 2014
Argentina says won't make next bond payment in USArgentina will not make a bond service payment due June 30 in New York as ordered by a US judge, the economy ministry said Wednesday, moving the country closer to default.
19 June 2014
Kazakhstan GDP growth slows down: S&PStandard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.
18 June 2014
Argentine president says country will avoid debt defaultPresident Cristina Kirchner said that there would be no default in payment of Argentina's restructured debt, after a US Supreme Court ruling piled pressure on the country's finances.
Japan's Q1 growth fastest in more than two yearsJapan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
Eurasian Economic Union Treaty signed in AstanaThe president of Belarus Alexander Lukashenko, Kazakhstan’s president Nursultan Nazarbayev, and Russia’s Vladimir Putin has signed the Treaty establishing the Eurasian Economic Union.
29 May 2014
Putin to seal new post-Soviet union with Belarus, KazakhstanRussian President Vladimir Putin on Thursday arrived in the Kazakh capital where he was set to sign a deal with his Kazakh and Belarussian counterparts creating a new economic union championed by Moscow.
Astana shadow economy worth around $4 billionAstana’s mayor Imangali Tasmagambetov declared that the shadow economy in Kazakhstan’s capital Astana is worth around 540 billion tenge ($3.97 billion).
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