site.news_by_theme finance
Risky financial crisis derivatives return in new form
Collateralized debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back.
21 August 2013
UN calls for $98 mn in emergency aid for N. Korea
The United Nations is in urgent need of $98 million to finance emergency aid for the people of North Korea.
18 August 2013
Kazakhstan paper producer Kagazy freezes former managers' assets
Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.
09 August 2013
Financial monitoring unveiles 360 case of terrorism financing in Kazakhstan
The Financial Monitoring Commission of the Kazakhstan Finance Ministry revealed 360 cases of financing of terrorism.
05 August 2013
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