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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

Spain begs time to fix finances, eyes growth Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.

27 April 2013

Zuckerberg paid more than $2 bln at Facebook in 2012 Facebook co-founder and chief Mark Zuckerberg scored more than $2 billion worth of stock and $503,000 in base pay last year for running the world's leading social network.

27 April 2013

Kazakhstan to spend over $23 billion on 60 transport projects 61 transport and infrastructure projects worth over $23 billion are planned to be implemented in Kazakhstan by the end of 2014.

26 April 2013

Kazakhstan mulls restricting cash withdrawal Kazakhstan financial police is suggesting to legally restrict withdrawal of cash by individuals and legal entities.

24 April 2013

Labor migrants generate $1.1 billion a year for Kazakhstan At least 0.57 percent of Kazakhstan's GDP -- $1.1 billion per year -- is generated by labor migrants.

24 April 2013

IMF, Egypt hope to reach loan agreement in 'weeks' The International Monetary Fund and Egypt hope to conclude talks for a loan deal "in the coming weeks".

22 April 2013

Britain launches legal challenge to EU finance tax The British government has launched a legal challenge against plans for a European financial transactions tax to be adopted by 11 EU states.

21 April 2013

NGO slams IMF's 'double standard' on austerity Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.

19 April 2013

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