News about finance

NBA's Kings to accept Bitcoin for tickets US basketball outfit the Sacramento Kings said Thursday they would begin accepting Bitcoin, the first professional sports team to accept the virtual currency.
17 January 2014 12:25
Fed taper poses risks to global pick-up: World Bank The World Bank on Tuesday raised its growth forecasts for the global economy, but warned of potential volatility in capital flows as the United States withdraws its stimulus.
15 January 2014 15:25
Li's Power Assets to spin off HK unit Li Ka-shing, Asia's richest man, is to spin off his electricity assets in Hong Kong through an initial public offering worth up to HK$27.9 billion ($3.6 billion) and will sell a large chunk to a Chinese state-owned power company.
13 January 2014 13:39
Singapore monitoring new forms of illicit financing Asian financial hub Singapore on Friday said it was scrutinising trade in virtual currencies such Bitcoin, precious stones and metals to forestall new forms of illicit financing by criminals and terrorists.
12 January 2014 00:09
Kazakhstan tourists to enjoy five-star liner for $8,000 during 10 Sochi Olympics days Kazakhstan tourists will be staying on board of a five-star liner for $7 000 during the Sochi Olympics.
09 January 2014 20:11
Japan PM to visit Africa, Mideast with cash pledge: reports Japanese Prime Minister Shinzo Abe will visit Africa and the Middle East this week, reports said Monday, bearing development cash pledges as Tokyo pushes back against growing Chinese influence in the resource-rich region.
06 January 2014 23:11
KazAgro borrows $100 million from Royal Bank of Scotland KazAgro National Company has borrowed $100 million from the Royal Bank of Scotland.
06 January 2014 20:06
2014 year of 'hard truths' for British economy: Osborne British finance minister George Osborne will warn that 2014 is to be the year of "hard truths" and public spending cuts when he sets out his plans for the year ahead.
06 January 2014 10:29
Kazakhstan central bank to solve large denomination currencies exchange problem The National Bank of Kazakhstan is going to solve the problem of exchange of large denominations.
04 January 2014 15:49
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.
03 January 2014 10:35
China stock market disappoints on double cash crunch A cash shortage among banks made the Chinese stock market one of the world's worst performing this year, showing how tens of millions of small investors remain at the mercy of government policy.
01 January 2014 12:18
$800 million to be invested into second-tier banks by Baiterek Holding Baiterek Holding running the State Program of Accelerated Innovative and Industrial Development will channel $800mln into Kazakhstan banks.
31 December 2013 17:30
Obama signs defense, budget bills into law President Barack Obama signed into law Thursday the compromise US budget bill recently negotiated by feuding lawmakers and a massive defense measure that takes a step toward ultimate closure of Guantanamo.
27 December 2013 17:20
European Society for Quality Research awards Almaty Subway again Almaty Subway has won another award from the European Society for Quality Research (ESQR).
27 December 2013 13:53
Mortgage loans are for rich people: Kazakhstan's central bank governor Kairat Kelimbetov, Governor of the National Bank of Kazakhstan, believes that only rich people should obtain mortgage loans.
25 December 2013 18:18
Japan OKs record budget, sees deflation threat recede Japan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike made room for more defence spending and the first step towards achieving a balanced budget.
25 December 2013 11:08
EU banking union too complicated, too slow: analysts An EU system to prevent a repeat of the massive bank bailouts which crippled the economy is a major step but it is also too complicated when speed is absolutely essential, analysts said.
23 December 2013 01:05
Tourists to spend $10 billion during Brazil World Cup Foreign and Brazilian tourists are expected to spend $10.4 billion during next year's World Cup, more than the public funds invested for staging the event, the Brazilian tourism board said Friday.
21 December 2013 12:55
Six countries sign US pacts in fight against tax fraud The United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday.
20 December 2013 15:32
Spaniards bet on slimmed-down 'Fat One' Christmas jackpot Spaniards are digging into their pockets to gamble on their beloved "Fat One" Christmas lottery with the world's richest total payout, but winners will get slimmed-down prizes this year as a new austerity tax takes a bite.
20 December 2013 10:21
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