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Draconian controls as Cyprus banks set to reopen Cypriots will finally get access to their bank accounts later on Thursday after a nearly two-week lockdown, but under tight restrictions unprecedented in the eurozone.
28 March 2013
Bank deposits of Kazakhstan residents exceed their salaries Kazakhstan residents are saving more money on their bank accounts than they officially earn.
27 March 2013
'Superhuman' efforts made to open Cyprus banks: governor "Superhuman" efforts are being made to reopen banks in Cyprus on Thursday, as protests and uncertainty over the island's top lender showed a huge bailout has not ended its troubles.
27 March 2013
BRICS leaders' meeting. ©REUTERS/Victor Ruiz Garcia BRICS wrangle over new development bank BRICS emerging powers on Tuesday sought a deal on setting up a development bank that would rival Western-backed institutions, trying to iron out significant differences ahead of a leaders' summit in Durban.
26 March 2013
Cyprus banks to stay shut as world markets take fright Cyprus reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's 10-billion-euro bailout deal with international creditors.
26 March 2013
Nurly Tau business center in Almaty. Photo by Yaroslav Radlovskiy© Rating of expensive offices made in Kazakhstan Almaty is number one in the list of the cities with most expensive elite offices.
25 March 2013
Last-minute deal resurrects Cyprus bailout EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island -- but one banking chain goes to the wall and major clients, who include many Russians, will take a giant hit.
25 March 2013
©RIA Novosti Kazakhstan ranked 36th by petrol prices affordability An average Kazakhstan citizen can buy only 793 liters of petrol for his monthly salary.
24 March 2013
Russians threaten to quit Cyprus over bailout levy Angry Russian residents of Cyprus are talking of giving up on the Mediterranean island over a eurozone bailout deal which they say unfairly targets their money.
22 March 2013
Cyprus launches banking overhaul as meltdown looms Cypriot politicians have until Monday to approve a "Plan B" bailout deal with the European Union and International Monetary Fund.
22 March 2013
China solar giant Suntech falls back to Earth China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.
20 March 2013
Eurozone still ready to help Cyprus after vote Cypriot President Nicos Anastasiades' office said he "fully respects" the decision and that he had had a "constructive" phone call with Russian leader Vladimir Putin, amid reports Cyprus was seeking alternative financing.
20 March 2013
Photo by Vladimir Dmitriyev© 10 billion tenge to be allocated for second phase of Almaty subway Kazakhstan Minister of Transport and Communications told about the plans for development of Almaty's infrastructure.
20 March 2013
Citigroup to pay $700 million to settle suit US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
20 March 2013
Eurozone says ditch Cyprus tax grab on smallest accounts The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
19 March 2013
Bank of International Settlements. ©REUTERS/Christian Hartmann International lending shows smallest growth in 13 years: BIS Cross-border lending saw its smallest growth in 13 years in the third quarter of 2012, according to a report published Sunday by the Bank for International Settlements (BIS).
19 March 2013
Cyprus president in desperate bid to prevent run on banks Cypriot President Nicos Anastasiades will on Monday attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.
18 March 2013
Chairman of Kazakhstan Statistics Agency Alikhan Smailov. ©pm.kz Kazakhstan Statistics Agency expects GDP growth in 2013 Kazakhstan Statistics Agency is expecting that the country's GDP rate will continue increasing this year.
18 March 2013
Eurogroup approves Ireland, Portugal debt extension Eurozone finance ministers approved early Saturday plans to give bailed-out Ireland and Portugal more time to pay back some of their massive rescue loans.
18 March 2013
US Treasury chief not worried about market bubble US Treasury Secretary Jacob Lew said Thursday that he was not worried about a potential financial bubble forming as Wall Street stocks racked up record highs.
16 March 2013
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