OECD report to help G8 offensive against tax evaders The OECD provided ammunition Tuesday for an expected G8 offensive against tax evasion in a report outlining how to bring about automatic sharing of financial information that would shoot a hole through banking secrecy.
19 June 2013 10:44
Greece faces general strike amid fury over state TV closure Greek unions plan a 24-hour general strike Thursday, amid a storm of protest over the government's decision to shut down public broadcaster ERT as part of sweeping cost-cutting measures.
13 June 2013 15:29
World Bank sees less global growth, more stability The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, but said that expansion appeared better balanced than just before the 2008 financial crisis.
13 June 2013 14:33
Consumers in crisis-hit Spain put brakes on spending Spaniards are buying fewer cars, fewer clothes and even cutting back on smoking as a grinding recession and rising unemployment force them to slash spending, dealing a severe blow to manufacturers and shops.
11 June 2013 12:57
Kerry renews $1.3 bn annual military aid for Egypt Secretary of State John Kerry last month approved $1.3 billion in annual US military aid to Egypt, despite concerns over democratic progress by the country's new government.
08 June 2013 14:47
Global cybercrime ring targeted by Microsoft and FBI Microsoft on Wednesday said it teamed with the FBI to disrupt armies of hacked computers used to commit more than a half-billion dollars in financial fraud around the world.
07 June 2013 10:49
IMF admits 'notable failures' in 2010 Greece rescue The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
EU, IMF, praise Greek progress battling debt Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.
01 June 2013 20:57
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.
Kazakhstan has lowest gas prices in EuropeAverage 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 19:31
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 16:34
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.
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 10:21
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 12:27
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 12:55
'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.
