News about finance
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 10:37
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 11:23
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 17:17
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 17:17
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 18:37
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 14:30
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 15:34
Europe floods to cost insurers up to $4.5 billion: Swiss Re
The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (3.5 billion euros) in losses for the insurance industry.
09 July 2013 13:00
Lebanon tourism pays the price for Syria's war
Dia's restaurant in the Lebanese resort village of Aley is deserted. Most years, he caters to thousands of rich Gulf Arab tourists and to visiting expats, but this year no one has come.
29 June 2013 15:00
Brazil leader pushes for reform as FIFA hails Confed Cup
Brazilian President Dilma Rousseff on Friday raced to build support for reforms in response to nationwide protests as the head of world football hailed the Brazil-hosted Confederations Cup as the "best ever."
29 June 2013 13:01
Lagarde hopes Europe will 'one day' appreciate IMF
IMF chief Christine Lagarde hopes the new Greek government "will hold" and that "one day" the Fund's work in Europe, currently the target of criticism.
28 June 2013 18:05
GM to invest $691 million to boost Mexico operations
General Motors announced Wednesday that it will invest $691 million to boost its operations in Mexico, a nation whose low wages and proximity to the United States are increasingly attracting automakers.
27 June 2013 14:38
EU ministers agree on new bank rescue rules
European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.
27 June 2013 10:30
US fines 'Hezbollah' bank $102 mn for laundering
A Lebanese bank accused of laundering money from drugs and other operations for clients tied to Hezbollah militants agreed Tuesday to pay US authorities $102 million to settle the charges.
26 June 2013 15:01
More protests as Brazilian street speaks
A new wave of street protests swept Brazil on Sunday amid mounting popular support for demands for wide-ranging institutional reform and investment in crumbling public services.
24 June 2013 16:45
British economy 'out of intensive care': Osborne
Finance minister George Osborne on Sunday said the British economy was "out of intensive care" but that government would stick to a path of deep cuts to public spending.
24 June 2013 14:02
EU finance minister talks break down on bank closure regime
European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.
24 June 2013 10:02
US cuts prison term of disgraced Enron CEO Skilling
A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.
23 June 2013 13:11
Rousseff says Brazil can do better, slams violence
Embattled president Dilma Rousseff admitted in a televised address that Brazil can do better and pledged to do more to fight corruption.
23 June 2013 12:14
One million march in Brazil's escalating protests
At least one million people rallied across Brazil on Thursday in escalating mass demonstrations over the quality of public services and the high cost of staging the World Cup.
21 June 2013 11:02