site.news_by_theme finance
Struggling Alitalia in last-gasp bid for survival
Five years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.
09 October 2013
Australian PM in travel expenses furore
Australian Prime Minister Tony Abbott was embroiled in a spiralling travel expenses scandal Tuesday as he defended his use of taxpayer money to take part in an ironman competition and other events.
08 October 2013
Palestinian GDP can expand by a third if Israel lifts limits: World Bank
The Palestinian economy could expand by over a third if Israel were to lift its restrictions on about 60 percent of the West Bank that it controls.
08 October 2013
Canada threatens to pull Commonwealth funding
Canada's Prime Minister Stephen Harper has threatened to withdraw funding for the Commonwealth in an escalating row over rights abuses by Sri Lanka ahead of a summit next month.
08 October 2013
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