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Saudis take to Twitter to demand better pay Despite their country boasting the world's greatest oil wealth, many Saudis complain their salaries are not enough to make ends meet, and are taking to Twitter to demand more money.

07 October 2013

White House offers over $300 mn for bankrupt Detroit The White House offered more than $300 million in aid and support to bankrupt Detroit on Friday, as the crumbling, bankrupt Midwestern city struggles to survive.

29 September 2013

Romania gets 2 bn euro IMF standby aid The International Monetary Fund approved Friday a standby loan of nearly two billion euros ($2.7 billion) to match a backup loan of the same size requested from the EU.

28 September 2013

World Bank removes Iran from list of non-payers The World Bank removed Iran from its list of deadbeat borrowers Friday, saying the Islamic Republic had paid outstanding loan amounts.

28 September 2013

Britain gives $160 million to Syria aid Britain on Wednesday gave an extra $160 million to help Syrian refugees as the European Union urged the UN Security Council to do more to ensure humanitarian access.

26 September 2013

Kazakhstan Foreign Ministry to spend $20 million on foreign trips in 2014 The draft Kazakhstan state budget for 2014-2016 has been submitted to the Majilis (Lower Chamber of the Kazakhstan Parliament).

22 September 2013

Foreign inflows fuel Sri Lanka recovery: central bank Sri Lanka's economy grew 6.8 percent in the second quarter, up from 6.0 percent last year thanks to foreign cash inflows which helped a recovery.

17 September 2013

Bailouts still key issue as eurozone finance ministers meet Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

13 September 2013

China suggests settlements in local currencies to Kazakhstan Chinese President Xi Jinping suggested Kazakhstan to make payments in local currencies.

09 September 2013

China to fund construction of wind power station in Kazakhstan's Pavlodar oblast China will finance construction of the wind power station worth 15 billion tenge ($100 million) in Pavlodar oblast.

09 September 2013

US Federal Reserve faces changeover in midstream There's never a good time to change the head of the US central bank, according to Ethan Harris, who wrote "Ben Bernanke's Fed" about the chairman of the Federal Reserve.

08 September 2013

ECB to double number of women in top positions: report The European Central Bank, under fire for being largely a men's club, plans to double the number of women in its top ranks.

30 August 2013

Hard-hit Spanish town charges fees for tomato fight Facing a squished budget, the town hosting Spain's annual tomato-throwing festival, La Tomatina, on Wednesday is charging a fee for the first time.

28 August 2013

US to hit debt ceiling in mid-October: Treasury The US will hit its statutory debt ceiling in mid-October, raising the chance that the government will be forced to default on its debts.

27 August 2013

Greece may need new bailout of 10bn euros Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.

26 August 2013

Brazil to spend $55 billion to defend sagging real Markets and analysts cheered Friday after Brazil's central bank pledged $55 billion until year's end to prop up the sagging real while Latin America's biggest economy is showing weak growth.

25 August 2013

Risky financial crisis derivatives return in new form Collateralized debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back.

21 August 2013

UN calls for $98 mn in emergency aid for N. Korea The United Nations is in urgent need of $98 million to finance emergency aid for the people of North Korea.

18 August 2013

Kazakhstan paper producer Kagazy freezes former managers' assets Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.

09 August 2013

Financial monitoring unveiles 360 case of terrorism financing in Kazakhstan The Financial Monitoring Commission of the Kazakhstan Finance Ministry revealed 360 cases of financing of terrorism.

05 August 2013

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