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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

Study: US immigration reform would cost $6.3 trillion A US political battle raged Monday over the cost of Senate-proposed immigration reform, with a conservative think-tank warning the plan to legalize 11 million undocumented workers would soar to $6.3 trillion.

07 May 2013

Australia cuts interest rate to record low 2.75 pct Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.

07 May 2013

KazMunaiGas closes $3 billion deals KazMunaiGas National Company has successfully closed the deals on placement of 10-year and 30-year Eurobonds raising $3 billion.

03 May 2013

May Day protests against austerity, 'slave labour' Tens of thousands of angry protesters staged May Day rallies in several countries of the crisis-wracked eurozone Wednesday, as fury erupted at demonstrations in Bangladesh after a deadly building collapse.

02 May 2013

Bolivia announces expulsion of USAID President Evo Morales on Wednesday announced the expulsion of USAID from Bolivia, accusing the US development agency of meddling in the country's internal affairs in a new souring of often-tense relations.

02 May 2013

China nears US in money to Africa: study China committed more than $75 billion to Africa in the past decade, coming close to the level of US money although the nature of Beijing's support was far different.

30 April 2013

Portugal to take two banks to court over swap deals Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.

28 April 2013

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