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Virgin Australia expects loss of $98 mln for year Virgin Australia said Monday it was expecting a full-year loss of Aus$95-$110 million (US$84-98 million).

05 August 2013

Bank of America may face civil charges over financial crisis Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products.

03 August 2013

Ruslan Dalenov appointed acting Finance Minister in Kazakhstan Kazakhstan Finance Minister is on vacation, acting Minister appointed.

01 August 2013

Ablyazov arrested by French special forces Ablyazov has been arrested in the south of France near Cannes by French special forces today.

31 July 2013

Hunger costs Swaziland three percent of GDP Around three in 10 young children in Swaziland are stunted by hunger, and 270,000 workers are also physically affected.

31 July 2013

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

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