site.news_by_theme finance
Cypriot solidarity concert as financial crisis bites
Tens of thousands of people on Monday attended a charity concert in the Cypriot capital Nicosia to raise funds and collect food for people suffering the fallout of a severe financial crisis.
02 April 2013
Venezuela move seen as currency devaluation
A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days.
01 April 2013
Argentina presents conditions for debt repayment
Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.
30 March 2013
Interior Ministry is most expensive authority in Kazakhstan
Kazakhstan Interior Ministry turned out to be the most expensive state authority by direct and indirect capital expenditures.
29 March 2013
Kazakhstan spent over 500 thousand tenge per convict in 2012
Detention of one convict in the prison cost Kazakhstan budget 580 thousand tenge ($3,9 thousand) in 2012.
28 March 2013
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 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
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
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
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