News about finance
Tennis: Roland Garros extension blocked
Controversial plans to extend Roland Garros, the home of the French Open, were put on hold on Friday as residents living near the venue in the capital's leafy 16th arrondissement scored a crucial victory in their opposition.
02 March 2013 13:20
Sony sells Tokyo office building for $1.2 bn
Sony said Thursday it has sold one of its main buildings in Tokyo for $1.2 billion as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet.
28 February 2013 15:59
Australian government pension fund dumps tobacco
The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.
28 February 2013 14:22
Kazakhstan government to pay $3 million for seeds
Seeds deficiency is expected in the amount of 80 thousand tons this year in Kazakhstan: Agriculture Minister.
28 February 2013 12:24
Looming US cuts raise fears for world's poor
With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
27 February 2013 14:47
High risks for Obama in new spending fight
Barack Obama may have the upper hand against Republicans in a high-risk new spending showdown, but a drawn-out clash would likely damage the economy and put his presidential legacy on the line.
26 February 2013 10:01
China ratings firm warns of global 'currency crisis'
Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.
25 February 2013 18:01
Almaty's budget revenues made $2 billion in 2012
Almaty bolstered its position as the country’s financial center: Almaty Akim.
25 February 2013 15:14
Japan eyes ADB chief to head central bank: reports
Asian Development Bank president Haruhiko Kuroda is seen as the leading candidate to become Japan's next central bank governor.
23 February 2013 18:30
Obama jabs Republicans over tax cuts for rich
President Barack Obama on Thursday said the only thing keeping Republicans together was a desire to shield the rich from higher taxes, in a new jab over an imminent budget confrontation.
22 February 2013 19:00
Kazakhstan students owe billions to the state
Kazakhstan Financial Center is reclaiming the loans issued by the state in 1999-2005 in court.
21 February 2013 14:49
Yessimov voices expenses of Year of Culture in Almaty
5.4 billion tenge ($36 million) were spent to hold the Year of Culture events in 2012 in Almaty.
21 February 2013 11:51
State to pay for exterminated sick cows in north Kazakhstan
The state agreed with KazAgroFinance on reimbursement of costs to the Kazakhstan farms, including the expenses for food and care, as well as the salaries of the farms' employees.
19 February 2013 19:13
Merger of Kazakhstan’s pension funds planned since 2010
A foreign company interested in the local market suggestion to merge all the Kazakhstan pension funds into one and transfer it to foreigners for management was made in 2010: source.
19 February 2013 13:23
Money of single pension fund not for EXPO-2017: Kelimbetov
Kazakhstan Vice-PM Kelimbetov deflated the rumors that the government was planning to use the funds of the coming single pension fund to finance the EXPO.
19 February 2013 12:11
Philippines hopes law will avert launder blacklisting
The Philippines hopes to avoid being put on a blacklist of money-laundering havens after President Benigno Aquino signed a new law boosting safeguards against such crimes.
16 February 2013 16:19
Britain warns against 'economic warfare' on forex at G20
British Finance Minister George Osborne warned against "economic warfare" as the G20 states of top world economies met hoping to allay fears they could devalue national currencies to boost economic activity.
16 February 2013 15:01
Kazakhstan Oil Ministry fines subsoil users 350 million tenge
Since 2010 Kazakhstan has a right to impose penalties on companies for nonperformance of contract obligations on local content: Ministry.
15 February 2013 16:16
Recession-hit Japan economy shrinks again
Japan's economy shrank for a third straight quarter in October-December, data showed Thursday, leaving it mired in recession owing to weak export demand, but analysts pointed to brighter times ahead.
14 February 2013 13:12
Kazakhstan allocates 1 billion tenge for organs transplantation abroad in 2013
1 billion tenge has been allocated from the state budget in 2013 for Kazakhstan citizens who require transplantation abroad.
13 February 2013 19:08