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IMF begins work on 'Plan B' as US blocks reforms The IMF said it would begin working on alternatives to its stalled, five-year-old reform program after passing another year without the required ratification.

29 January 2015

EU to consider new Russia sanctions over Ukraine European Union leaders have tasked their foreign ministers to consider a new wave of sanctions against Russia when they meet in Brussels.

27 January 2015

IMF set to continue support Greece after election The International Monetary Fund said it was prepared to continue its financial support of Greece.

27 January 2015

IMF chief warns Greece: 'A debt is a debt' IMF chief Christine Lagard warned of "consequences" if European countries try to renegotiate their debts, ahead of Greek elections.

20 January 2015

Russian government takes flak as it fails to stem economic crisis Russian authorities are coming in for growing criticism from economic insiders concerned over a lack of clear policies to deal with the crisis.

19 January 2015

Barclays loses tens of millions over Swiss franc move British bank Barclays has lost "tens of millions" of dollars after Switzerland's central bank scrapped its currency ceiling against the euro.

17 January 2015

Development Bank of Kazakhstan funds modernization of Pavlodar Oil Refinery Pavlodar Oil Refinery will receive funding from Development Bank of Kazakhstan (DBK) amounting to $1.2 billion.

09 January 2015

12th Islamic Financial Services Board summit in Almaty on May 19-21 The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21.

07 January 2015

Kazakh Vice-Minister of Finance sums up results of 2014, shares plans for 2015 Vice-Minister of Finance of Kazakhstan Ruslan Dalenov speaks about the year 2014 and shares plans for the upcoming year.

06 January 2015

Venezuela's Maduro heads to China to seek financial aid Venezuelan President Nicolas Maduro begins a trip to China and OPEC member countries late Sunday in search of financial support.

05 January 2015

IMF pressed to cancel debts of Ebola-hit countries The International Monetary Fund is under mounting pressure to cancel the debts of the three poor West African countries hit hardest by Ebolaю

31 December 2014

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.

29 December 2014

IMF policies criticised over Ebola outbreak IMF policies left healthcare systems in the African countries worst affected by Ebola underfunded and lacking doctors, and hampered a coordinated response to the outbreak.

22 December 2014

Attack could cost Sony half a billion dollars: experts The devastating cyberattack on Sony Pictures could see the Hollywood studio lose hundreds of millions of dollars in revenue and incur massive recovery costs.

20 December 2014

IMF sees Argentina progress toward better economic data The International Monetary Fund said that Argentina was making progress in improving the data but more was needed.

16 December 2014

IMF calls on donors to 'step up' for Ukraine The International Monetary Fund called for the international community to come forward with fresh funds for Ukraine.

12 December 2014

Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan The Ad hoc Committee of the International Centre for Settlement of Investment Disputes (ICSID) has denied the appeal of Netherlands-based company KT Asia Investment Group BV that demanded $1.5 billion in compensation from Kazakhstan for allegedly nationalising the company's minority share in BTA Bank.

04 December 2014

Brazil leader names pro-market Levy as finance minister Brazilian President Dilma Rousseff named Joaquim Levy to be her new finance minister as her government looks to steer the economy out of recession.

28 November 2014

Russia to lose some $40 bn a year due to sanctions: minister Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said.

24 November 2014

'Call of Duty' blasts past $10 bn in sales Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales.

21 November 2014

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