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Kazakhstan Finance Ministry expects overfulfillment of target on import VAT in 2012 Kazakhstan FInance Minister talked about financial results of 9 months of 2012.

24 October 2012

Chinese, US, Russian firms to set up ratings agency Chinese ratings agency Dagong said Tuesday it was tying up with US and Russian partners to form a new "independent" group to rival US-based agencies it claims have "proven inadequate".

23 October 2012

Kazakhstan journalists calculated cost of promoting singer in Kazakhstan The expenses to record one song total at about $3000 and range from $10,000 to $30,000 to shoot a videoclip.

22 October 2012

Earnings reality sinks US investor hopes A reality blast of disappointing earnings from a clutch of US business heavyweights wiped out midweek gains Friday as US markets suffered another poor week.

20 October 2012

Political standoff has US on path to 'fiscal cliff' As the US candidates battle it out in the final weeks of the campaign another showdown looms, with the world's largest economy coasting towards a potentially disastrous "fiscal cliff."

19 October 2012

100 billion tenge ($676 million) will improve life of disabled people in Kazakhstan Kazakhstan authorities worked out a 2012-2018 national program to uphold the rights and improve the living standards of disabled people.

17 October 2012

Haiti protesters call for president's resignation Several hundred protesters angry over rising costs of living called Sunday for Haitian President Martin Martelly to resign at a march in the country's capital.

16 October 2012

EU's Van Rompuy details eurozone budget rationale EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.

14 October 2012

'Wartime' debt threat to global economy: Lagarde Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.

12 October 2012

Unemployment 30 mn higher than before crisis: ILO There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.

12 October 2012

IMF wants to give Greece two more years The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.

12 October 2012

EU to sanction states in bid to streamline air traffic The European Commission plans to sanction EU members to nudge them into action on efforts to create a pan-European airspace that would cut costs and delays.

12 October 2012

IDB told about development of Islamic financing in Kazakhstan Chairman of ICD told about the plans for Islamic financing in Kazakhstan at the 3rd Kazakhstan conference on Islamic Financing.

11 October 2012

IMF: US 'fiscal cliff' would set back world economy The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.

11 October 2012

Audit finds Philippines lost $2.46 bn to anomalies The Philippines lost $2.46 billion through misuse of state funds and assets during the latter years of graft-tainted ex-president Gloria Arroyo's rule.

07 October 2012

Samsung tips record Q3 profit of $7.3 bn South Korea's Samsung Electronics said Friday it expected a record operating profit of 8.1 trillion won ($7.3 billion) in the third quarter, boosted by sales of its flagship Galaxy smartphones.

06 October 2012

India's rupee at near 6-month-high on reform boost The Indian rupee on Friday soared to its highest level against the dollar in almost six months after the embattled government pushed ahead with more measures to attract foreign investment.

06 October 2012

Arab and LatAm leaders agree to investment bank Latin American and Arab leaders agreed to form a joint investment bank during a summit in Peru at which they also discussed the increasingly bloody civil war in Syria.

03 October 2012

US State Dept seeks to unblock $450 mn for Egypt The US State Department said Monday it would work with Congress to try to unblock some $450 million in economic aid for Egypt, after a lawmaker froze the funds.

03 October 2012

Kazakhstan residents prefer loans in tenge According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

02 October 2012

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