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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

Kazakhstan considers Personal Bankruptcy law Kazakhstan is considering adopting a personal bankruptcy law.

20 November 2013

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

Drugs scandal rocks Britain's troubled 'ethical' bank Britain's Co-operative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs.

19 November 2013

JPMorgan to pay investors $4.5bn over mortgage bonds JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.

16 November 2013

CIA spying on Americans' financial data: report The Central Intelligence Agency is amassing a huge database of international money transfers that includes the financial and personal data of millions of Americans, The Wall Street Journal reported Thursday.

15 November 2013

Yellen says Fed stimulus must continue Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank's stimulus must remain in place to bolster an economy where growth remains fragile.

15 November 2013

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.

14 November 2013

As Twitter flies, fears mount on bubble Twitter's high-flying Wall Street debut drew attention to the growing power of social media, but also raised concerns about a potential bubble in the sector.

10 November 2013

Brazil freezes assets tied to Alstom, Siemens price-fixing claims Brazilian judges have frozen assets worth $26 million involved in an alleged cartel suspected of price-rigging during bidding for Sao Paulo's metro rail systems.

09 November 2013

Kazakhstan officials drink 1 billion tenge worth of tea with sweets in 10 months Kazakhstan state officials have drunk almost 1 billion tenge ($6.5 million) worth of tea with sweets since the beginning of the year.

09 November 2013

US shutdown cost $2.0 billion in lost govt output The 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.

08 November 2013

A controversy surrounding property confiscation of Kazakhstan's fugitive tycoons Kazakhstan wants to start confiscating property of fugitive tycoons without getting a court verdict.

06 November 2013

New Finance Minister appointed in Kazakhstan Bakhyt Sultanov has been appointed the new Minister of Finance in Kazakhstan.

06 November 2013

Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan has based its new 3-year budget on the oil price of $90 per barrel.

05 November 2013

Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).

04 November 2013

Chinese bank lends Niger $1 billion: minister Niger has accepted a controversial $1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects.

30 October 2013

Toxic US corporate culture unchanged: TARP watchdog Five years after the US financial crisis forced the massive government TARP bailout, the US corporate culture remains toxic and breeding crime.

29 October 2013

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