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China owes Hollywood millions after halting payment for films China has stopped paying Hollywood studios for its films in a dispute over a Chinese tax on movie profits.

31 July 2013

Obama extends economic sanctions linked to Hezbollah President Barack Obama announced Monday he had extended for at least a year the US freeze on financial assets of entities linked to Hezbollah, citing a threat to Lebanon's stability.

30 July 2013

IMF approves 1.7 bn euro loan payout to Greece The International Monetary Fund released 1.72 billion euros ($2.29 billion) in aid for Greece on Monday after completing a review of the country's performance under the international rescue program.

30 July 2013

GMAC pays $230 mln to borrowers in foreclosures case GMAC Mortgage, a defunct unit of Ally Financial, will pay $230 million to borrowers as part of a government review of potentially flawed foreclosures.

27 July 2013

Debt, shadow finance bedevil China's economy Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.

26 July 2013

US Navy will have fewer reinforcements in a crisis The US military has fewer ships to send as reinforcements in a crisis because of budget cuts that have slashed funds for maintenance and training.

21 July 2013

Wall Street hammers Microsoft after earnings miss Microsoft shares were hammered Friday after a disappointing earnings report cast doubts on the tech giant's transition to a post-PC world.

20 July 2013

G20 gets 'action plan' to fight tax avoidance The OECD has presented the G20 nations with a bold strategy to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.

20 July 2013

Almaty leads by budget incomes in 2013 The average budget income per one Almaty citizen has made 730 thousand tenge ($4,900) in 2013.

18 July 2013

Citi profits jump as investment revenues surge US banking giant Citigroup Monday reported better-than-expected quarterly earnings as strong securities and investment banking revenues helped offset weaker mortgage business and continued US consumer caution.

16 July 2013

US proposes tougher requirements on largest banks US regulators Tuesday unveiled tough new capital requirements for the nation's eight largest banks in the newest move to strengthen the financial system in the wake of the 2008 crisis.

10 July 2013

Europe floods to cost insurers up to $4.5 billion: Swiss Re The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (3.5 billion euros) in losses for the insurance industry.

09 July 2013

Lebanon tourism pays the price for Syria's war Dia's restaurant in the Lebanese resort village of Aley is deserted. Most years, he caters to thousands of rich Gulf Arab tourists and to visiting expats, but this year no one has come.

29 June 2013

Brazil leader pushes for reform as FIFA hails Confed Cup Brazilian President Dilma Rousseff on Friday raced to build support for reforms in response to nationwide protests as the head of world football hailed the Brazil-hosted Confederations Cup as the "best ever."

29 June 2013

Lagarde hopes Europe will 'one day' appreciate IMF IMF chief Christine Lagarde hopes the new Greek government "will hold" and that "one day" the Fund's work in Europe, currently the target of criticism.

28 June 2013

GM to invest $691 million to boost Mexico operations General Motors announced Wednesday that it will invest $691 million to boost its operations in Mexico, a nation whose low wages and proximity to the United States are increasingly attracting automakers.

27 June 2013

EU ministers agree on new bank rescue rules European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.

27 June 2013

US fines 'Hezbollah' bank $102 mn for laundering A Lebanese bank accused of laundering money from drugs and other operations for clients tied to Hezbollah militants agreed Tuesday to pay US authorities $102 million to settle the charges.

26 June 2013

More protests as Brazilian street speaks A new wave of street protests swept Brazil on Sunday amid mounting popular support for demands for wide-ranging institutional reform and investment in crumbling public services.

24 June 2013

British economy 'out of intensive care': Osborne Finance minister George Osborne on Sunday said the British economy was "out of intensive care" but that government would stick to a path of deep cuts to public spending.

24 June 2013

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