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France blacklists 17 countries for handling foreign aid France has drawn up a blacklist of 17 countries including Switzerland that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds.

28 May 2013

Kazakhstan to pay $16 million to consultants for EXPO-2017 These are the funds to pay the fees to consultants for registering Kazakhstan's profile: Minister of Economy.

27 May 2013

Guatemala extradites ex-president to US Guatemala extradited former president Alfonso Portillo to the United States on Friday to face charges of laundering $70 million of swindled government funds through US banks.

27 May 2013

Sports: Make betting legal, says top Indian body A top Indian industry body has called for legalising sports betting amid a spot-fixing scandal in which cricketers were allegedly paid tens of thousands of dollars by bookmakers in underhand deals.

26 May 2013

IMF chief avoids charges in French payout scandal IMF chief Christine Lagarde avoided immediate charges on Friday but was named an "assisted witness" after French prosecutors grilled her for two days over a state payout to a disgraced tycoon when she was finance minister.

25 May 2013

'Furlough Friday' hits US federal employees The first day of US government furloughs imposed by a budget crunch saw more than 100,000 federal workers ordered to stay home Friday.

25 May 2013

Nobel prize-winner speaks of new monetary and credit system Nobel prize-winner Robert Mundell has once again suggested that a new global monetary and credit system should be established.

24 May 2013

IMF chief grilled for 2nd day over 2007 payout scandal French prosecutors began questioning IMF chief Christine Lagarde for a second day Friday to decide if she should be charged over a state payout to a disgraced tycoon during her time as finance minister.

24 May 2013

Ford to halt car production in Australia in 2016 Ford announced Thursday it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car.

24 May 2013

UN agrees with Nazarbayev on global financial system reform The United Nations support major reforms of the international financial system.

23 May 2013

Rinehart loses $7 bn but still Australia's richest Mining magnate Gina Rinehart had Aus$7 billion (US$6.8 billion) wiped off her fortune in the past year but remains Australia's wealthiest person.

22 May 2013

Bank of Japan says no new easing measures The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.

22 May 2013

Bird flu costs China industry $65 bn: state media China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65 billion) as consumers shun chicken.

20 May 2013

S&P warns India could face junk status India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.

19 May 2013

Mexico cuts 2013 growth forecast to 3.1% Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.

18 May 2013

Upbeat New Zealand heading back to the black New Zealand on Thursday bucked the international trend toward austerity budgets and lifted spending modestly, while still predicting its books will be back in the black within two years.

16 May 2013

Kazakhstan to borrow $1 billion Kazakhstan plans to borrow around $1 billion at foreign markets in 2013.

13 May 2013

G7 nations meet as US pressures Europe over austerity Finance ministers and central bank chiefs from the Group of Seven leading economies will meet in the English countryside on Friday for talks on spurring growth, amid US-Europe divisions over the scale of austerity.

10 May 2013

Sri Lanka cuts lending rates hoping for growth Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.

10 May 2013

Kazakhstan's balance $1.65 billion in black Kazakhstan's current accounts balance was $1.65 billion in surplus in January-March 2013.

08 May 2013

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