News about finance

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

IMF, World Bank policies may share blame in Ebola crisis Christine Lagarde, the Managing Director of the International Monetary Fund, had just called for an increase in the country's budget deficit so that it could battle Ebola.

19 November 2014

More Russian banks to enter Kazakh market: Eurasian Economic Commission Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov spoke about the mutual Kazakh-Russian financial market and the possibility of increasing the number of Russian banks in Kazakhstan, as well as the prospects of Kazakh banks entering the Russian market.

17 November 2014

Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.

11 November 2014

Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.

09 November 2014

Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's debt on government securities has grown by $2.5 billion in just one day.

08 November 2014

Obama wants $3.2 bn more for US air war on IS: officials President Barack Obama will ask lawmakers Friday for an additional $3.2 billion to pay for the war against the Islamic State group in Iraq and Syria.

07 November 2014

Euro crisis firms German power, 25 years after Berlin Wall Twenty-five years after the Wall fell, analysts have little doubt that Europe's power now lies in Berlin, with the damaging eurozone crisis only heightening that perception.

03 November 2014

Government debt in Kazakhstan exceeds pre-devaluation mark Latest data provided by Kazakhstan Stock Exchange suggests that the government debt in Kazakhstan now exceeds its pre-devaluation level.

31 October 2014

US spy agencies spent nearly $68 bn in 2014 US spy agencies spent nearly $68 billion in fiscal year 2014, about the same level of spending on intelligence gathering in the previous year.

31 October 2014

Kazakhstan National Bank official explains Single Pension Fund losses Advisor to the governor of the National Bank of Kazakhstan talks about pension fund losses as of September and the benefits of National Bank managing the Single Pension Fund.

30 October 2014

Estonian finance minister quits over Facebook comments Estonian Finance Minister Juergen Ligi announced his resignation after he caused a furore with Facebook comments seen as insulting to the education minister.

27 October 2014

$2.5 billion adds to Kazakhstan's external debt Two government euroissues add to Kazakhstan's external debt. The move comes as a response to budget deficit.

25 October 2014

US stocks push higher despite big Amazon drop US stocks capped a strong week on a high note as good earnings from Microsoft and others overshadowed a poor report from Amazon

25 October 2014

News