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Madoff scam went back further than thought: US Bernard Madoff's multi-billion dollar Wall Street fraud started in the early 1970s, at least two decades earlier than previously thought.

02 October 2012

Kazakhstan residents have almost $32 billion on bank deposits A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

02 October 2012

Greek PM stresses urgency of austerity deal Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.

01 October 2012

New protest as bailout spectre returns to haunt Spain Thousands of protestors rallied near the Spanish parliament for a second straight night Wednesday after a rough day on the markets again raised the spectre of a full bailout and deeper economic pain.

28 September 2012

Deficit-cutting French budget to test Hollande credibility France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.

27 September 2012

Delays have left Greece with finance gap: Lagarde International Monetary Fund chief Christine Lagarde said Monday that delays in implementing Greece's bailout program, including privatization, have expanded the country's financing shortfall.

26 September 2012

Cash-starved N. Korea secretly sells gold: report North Korea has been secretly selling gold to make up for shortages of hard currency after it spent millions of dollars on celebrating the 100th birthday of its founder.

25 September 2012

Kazakhstan's nine-time snowboarding champion offered special contract Nine-time snowboarding champion Valeriya Tsoy feels offended by Ust-Kamenogorsk sport officials who failed to fund her training.

25 September 2012

Palestinian state efforts at risk in cash crisis: minister Efforts to create a Palestinian state could collapse unless emergency funds are found to bail out its nascent government, the Palestinian finance minister Sunday.

24 September 2012

G4S 'high-risk' after Olympic security fiasco: lawmakers British security giant G4S should be registered as a "high-risk" company after it failed to provide enough guards for the Olympics, lawmakers said Friday.

21 September 2012

Protests stall US move to aid Egypt: report The protests that erupted in Cairo over an anti-Islam Internet video have stalled talks on relieving $1 billion worth of Egyptian debt to the United States.

19 September 2012

Risks ahead if Asia to drive world growth: experts Asia must fight complacency and transform its economic and social models if it is to keep driving global growth in years to come as Europe and the United States slow.

18 September 2012

Russia and China are leading consumers of Kazakhstan's processed goods The top 5 countries importing Kazakhstan's processed goods are China, Russia, Switzerland, Turkey and Japan: Kaznex Invest.

17 September 2012

Obama: Romney's math doesn't add up President Barack Obama mocked Mitt Romney's "two plus one equals five" economics Sunday, poking his Republican foe as he enjoyed a polling spurt after the Democratic convention.

10 September 2012

France's richest man and LVMH boss denies tax exile bid France's richest man and LVMH boss Bernard Arnault said Sunday he was not becoming a tax exile, despite seeking Belgian nationality as Paris moves to impose a 75-percent wealth tax.

10 September 2012

US Treasury to sell $18 bn of AIG stock The US Treasury Department announced Sunday that it has launched a public offering of $18 billion of its common stock in AIG, the giant insurer bailed out by the US government.

10 September 2012

France's Hollande outlines sweeping new taxes for recovery France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.

10 September 2012

Mining magnate Rinehart says Australia 'too expensive' Mining tycoon Gina Rinehart on Wednesday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa.

06 September 2012

Republicans slam Obama as US debt tops $16 trillion Republicans pinned America's "crushing" fiscal burden squarely on President Barack Obama on Tuesday after the national debt passed $16 trillion just before the Democratic National Convention opened.

05 September 2012

Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.

04 September 2012

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