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Days are numbered for 500-euro banknote

The European Central Bank is set to decide the fate of the 500-euro banknote, which many people associate with money laundering,

Days are numbered for 500-euro banknote
Photo courtesy of kazakhembus.com
Russia moves forward with common currency for EEU despite Kazakhstan's opposition

Russia is considering a common unit of account and currency for the EEU, while Kazakhstan is not eager to move forward with this project.

Russia moves forward with common currency for EEU despite Kazakhstan's opposition
Euro picks up after Greek finance minister quits

The euro rose after Greece's Finance Minister Yanis Varoufakis announced his shock resignation, just hours after the cash-strapped nation rejected creditors' austerity demands in a landmark weekend referendum.

Euro picks up after Greek finance minister quits
Euro eases as Greece musters local funds in debt crisis

The euro fell against the dollar as Greece ordered all public agencies to pony up their financial reserves to help the debt-riddled government meet urgent payments.

Euro eases as Greece musters local funds in debt crisis
Germany's anti-euro party agrees to slim down leadership

A congress of Germany's anti-euro AfD party ending moved to streamline its leadership structure in a bid to be more effective after weeks of dispute within the fledgling group.

Germany's anti-euro party agrees to slim down leadership
Photo courtesy of mixednews.ru
Kazakhstan considers de-dollarizing its economy

Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.

Kazakhstan considers de-dollarizing its economy
Photo courtesy of cont.ws
Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds

Kazakh officials have responded to the remakrs of the chairman of the board of directors of Russia’s National Payment Council, who said that the EEU could see a ban on interstate transactions in dollars and euros.

Russian official says dollar, euro could be banned in Eurasian Union; Kazakh National Chamber of Entrepreneurs responds
French EuroMillions winner scoops 72 million euros

One lucky French lottery player scooped a EuroMillions jackpot worth over 72 million euros on Friday, organisers La Francaise des Jeux (FDJ) said.

French EuroMillions winner scoops 72 million euros
Dollar gains on euro as new year opens

The dollar rose against the euro Thursday as investors pushed back into the greenback and sent US bond yields lower.

Dollar gains on euro as new year opens
©Reuters/Francois Lenoir
Fireworks but no joy as Latvia joins eurozone

Fireworks will light up the skies above Riga when Latvia adopts the euro on January 1, but on the ground the feeling will be far from festive among those fearing the impact of the switch.

Fireworks but no joy as Latvia joins eurozone
©Reuters/Kai Pfaffenbach
Euro "too strong", says European Commission's Tajani

European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.

Euro "too strong", says European Commission's Tajani
©REUTERS
Introduction of Euro-4 in Kazakhstan was timely: Transport Ministry

Euro-4 cars filled with Euro-2 petrol will still improve the ecological situation in Kazakhstan: official.

Introduction of Euro-4 in Kazakhstan was timely: Transport Ministry
Photo courtesy of kolesa.kz
Kazakhstan bans import of cars manufactured before 2005

Euro-4 ecological standard will be introduced at the territory of Kazakhstan on July 1, 2013.

Kazakhstan bans import of cars manufactured before 2005
Cyprus will not quit the euro, vows president

President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.

Cyprus will not quit the euro, vows president
Dollar falls as fiscal cliff worries grow

The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.

Dollar falls as fiscal cliff worries grow
Photo courtesy of pygmi.gr
Euro slips after buying on Greek rescue fizzles

The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.

Euro slips after buying on Greek rescue fizzles
©REUTERS
Euro weakens as eurozone fails to agree Greek deal

The euro fell in Asian trade on Wednesday and shares eased after eurozone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.

Euro weakens as eurozone fails to agree Greek deal
Photo courtesy of 123rf.com
Dollar, euro gain in Asian trade after China data

The dollar and euro climbed against the yen in Asia on Thursday as positive Chinese manufacturing data boosted risk sentiment, while traders were also looking ahead to a crucial US jobs report.

Dollar, euro gain in Asian trade after China data
©REUTERS/Kacper Pempel
Leaders, markets brace for German court's euro ruling

Germany's top court will hand down a momentous ruling on a new European crisis firewall Wednesday, in a decision with far-reaching implications for the future of the euro.

Leaders, markets brace for German court's euro ruling
©REUTERS/Alex Domanski
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.

Moody's downgrades EU rating outlook to 'negative'