News about economy

Bank of Cyprus completes $1 bn private share placement

Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014 04:43

With new default looming, Argentina urges calm

Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.
29 July 2014 16:16

China's growth speeds up to 7.5%, beats expectations

Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.
16 July 2014 13:56

OECD to share experience with Kazakhstan

The OECD (Organisation for Economic Co-operation and Development) and Kazakhstan are planning to agree upon and sign a country cooperation program for 2015-2016.
10 July 2014 18:46

China's economy on track as June trade surplus jumps

China's monthly trade surplus jumped 16.4 percent in June to $31.6 billion, official data showed Thursday, as exports and imports both rose in the latest sign of recovering strength in the world's second-largest economy.
10 July 2014 11:14

Japan tax hike boosts inflation, hurts spending in May

Inflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.
27 June 2014 11:39

Exchange Rates

 468.27   534.16   6.13 

 

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