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U.S. Supreme Court. ©Reuters/Jonathan Ernst US urges Supreme Court to review Argentina debt case The US government has urged the Supreme Court to intervene in Argentina's fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong.
07 December 2013
Le Luong Minh (L), secretary-general of ASEAN, shakes hands with Japan's Prime Minister Shinzo Abe. ©Reuters/Yoshikazu Tsuno Japan, SE Asia in talks to expand currency swap Japan and Southeast Asian countries are in talks over expanding currency swap arrangements to help cushion their economies in financial emergencies, an official said Thursday, ahead of a Japan-ASEAN summit next week.
06 December 2013
Tokyo to launch $53.8 bn stimulus package Tokyo will announce a spending package worth almost $54 billion on Thursday, media reports said, in a bid to offset a tax hike that comes into effect next year and which critics fear will derail Japan's economic recovery.
05 December 2013
©Reuters Average salary to reach $1000 in five years in Kazakhstan Average salary will make 150 thousand tenge ($980) in five years in Kazakhstan: Minister of Economy and Budget Planning of Kazakhstan.
05 December 2013
Qantas to cut 1,000 jobs, says challenges "immense" Australian carrier Qantas announced the axing of 1,000 jobs and warned of "immense" challenges ahead in a shock profit downgrade Thursday, flagging a half-year loss of up to Aus$300 million (US$271 million).
05 December 2013
Illustration by Tengrinews.kz French court starts Ablyazov's extradition hearing Aix-en-Provence court of France is hearing the extradition case of the former head of Kazakhstan's BTA Bank Mukhtar Ablyazov.
05 December 2013
Photo courtesy of wikipedia.org With $65 bn in debt, is Puerto Rico America's Greece? Laden with debt, its economy in recession: Is the US territory of Puerto Rico poised to become another Greece?
04 December 2013
Football: Brazil risks own goal with high Cup prices Eyeing a massive boost to tourism and prestige, Brazil hoped it had won the jackpot in earning the right to host the next World Cup and summer Olympics.
03 December 2013
Nursultan Nazarbayev. Photo © Marat Abilov Kazakhstan wants more large cities like Almaty and Astana Kazakhstan will focus on urban expansion of Astana, Almaty, Aktobe, Aktau and Shymkent and making them economic growth hubs.
30 November 2013
Americo Amorim, Portugese businessman, the country's richest man.©Reuters/Nacho Doce Crisis what crisis? Portugal's richest get richer Portugal may be mired in a debt crisis, but its 25 richest people got 16 percent wealthier in 2013, with fortunes equivalent to nearly 10 percent of the country's GDP, rankings published Thursday showed.
29 November 2013
Asian Development Bank (ADB) President Takehiko Nakao.©Reuters/Adnan Abidi Pacific faces big economic losses from climate change: ADB The Pacific region faces serious economic losses due to climate change and it is critical that nations causing the problem step in to help, the Asian Development Bank said Tuesday.
26 November 2013
Photo ©lada.kz Aktau oil tanker explosion: train driver transferred to Burn Center in Astana The train driver Berik Kulbarakov who suffered burns in the oil tanker explosion near Aktau has been transferred to the Burn Center in Astana.
25 November 2013
Spain's Economy Minister Luis de Guindos talks to European Union Economic and Monetary Affairs Commissioner Olli Rehn (R). ©Reuters/Francois Lenoir Eurozone warns Spain, Italy to deliver on commitments The eurozone Friday warned five countries led by Spain and Italy to deliver on promises to hit deficit and debt targets in national spending plans next year.
24 November 2013
The Royal Court of Justice in London. ©REUTERS London's High Court sentences Ablyazov’s brother-in-law to 22 months in prison London's High Court has sentenced Salim Shalabayev, brother of Mukhtar Ablyazov wife Alma Shalabayeva, to 22 months in prison for contempt of court.
22 November 2013
©Reuters/Stringer iPhone maker Foxconn invests $40 million in US Taiwan's Foxconn, the maker of iPhones, iPads and other electronics in China, said Thursday it would invest $40 million in the United States to ramp up manufacturing of high-end products.
22 November 2013
BoJ holds fire on stimulus, says economy recovering The Bank of Japan on Thursday held off announcing any fresh measures to stimulate the economy, saying it was "recovering moderately" and that efforts to stoke inflation were taking hold.
21 November 2013
Photo courtesy spb.aif.ru Kazakhstan considers Personal Bankruptcy law Kazakhstan is considering adopting a personal bankruptcy law.
20 November 2013
Kuwait's Foreign Minister Sheikh Sabah Khaled Al-Sabah. ©Reuters/Stephanie McGehee Arab, Africa leaders to review economic ties at summit Arab and African leaders are to start a two-day summit in Kuwait on Tuesday to review steps to promote economic ties between wealthy Gulf states and investment-thirsty Africa.
19 November 2013
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