site.news_by_theme finance
Japan pledges $14 bn in aid to Africa over 5 years
Japan said Saturday it would give $14 billion in aid to Africa over the next five years, as Tokyo scrambles to grab a share of resources and the potentially vast marketplace on offer.
01 June 2013
Cancer researchers warn US budget cuts block advances
Cancer researchers warned Friday that federal budget cuts enacted by the US Congress could block key advances in the fight against deadly disease.
01 June 2013
Judge in case linked to Lagarde probed for fraud
The judge in a corruption case linked to IMF chief Christine Lagarde has been placed under formal investigation for fraud.
31 May 2013
Kazakhstan has lowest gas prices in Europe
Average gas price in Kazakhstan is 2.1 rubles ($0.07) per cubic meter while it makes 59.9 rubles ($1.924) per cubic meter in Sweden.
28 May 2013
Japan retains status as top creditor nation
Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.
28 May 2013
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