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Euro falls to lowest against yen in over a decade The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.

23 July 2012

Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

21 July 2012

Online woes spark first Microsoft loss ever Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.

21 July 2012

HSBC shares dive in Hong Kong after apology Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.

19 July 2012

PayPal stuffs startup into its smartphone wallet EBay-owned online financial transactions titan PayPal on Tuesday announced that it has bought a San Francisco startup focused on using smartphone cameras to take credit card payments.

18 July 2012

Visa, MasterCard to pay billions in card-fee suit Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.

14 July 2012

Eurozone offers Spains 30 bn euros for banks Eurozone finance ministers agreed Tuesday to offer Spain 30 billion euros this month to help its distressed banks as they raced to stay ahead of market scepticism.

10 July 2012

New Greek government pins hopes on privatisations Greece's new government formally takes office this week and looks set to push privatisation so as to win favour and funds from EU-IMF creditors who are inspecting the country's strained finances.

06 July 2012

Police raid Sarkozy office in campaign finance probe: lawyer French police searched Nicolas Sarkozy's offices and home Tuesday as part of their probe into suspected illegal financing of his successful 2007 presidential election campaign.

05 July 2012

Manchester United plays for dollars in US IPO Storied British football club Manchester United, overloaded with debt since their takeover by a billionaire American family of investors, is moving to raise cash through a US share sale.

05 July 2012

Kazakhstan will encourage squealing Kazakhstan financial police is going to present a draft decree allowing to pay remuneration to Kazakhstan citizens who nose upon stealing officials.

23 June 2012

Kazakhstan banks complained of unequal competition to Nazarbayev Some of the foreign banks are controlled by their countries and enjoy support of their parent banks with ratings higher than those of Kazakhstan banks: expert.

22 June 2012

Kazakhstan Financial Police discovered 40 back-street alcohol producing companies in 2 years A Saudi Arabian native, director of Sidar Enterprise, has been sentenced to a fine. He leased rooms at Kyz-Zhibek night club in East Kazakhstan Oblast and set up illegal storage and sales of alcohol products.

20 June 2012

Astana gets Moody's Baa3 rating with stable outlook Moody’s International rating agency assigned Astana a positive issuer rating of Baa3 with stable outlook.

12 June 2012

One share to cost up to $68 at People's IPO Deputy chairman of Samruk-Kazyna National Welfare Fund announced the tentative cost of shares during the People's IPO.

12 June 2012

Kazakhstan Tenge will not be devalued: expert An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.

11 June 2012

Kazakhstan ranked 88th in debtors rating Around $7,422 of the state debt falls on each Kazakhstan citizen.

30 May 2012

Kazakhstan President told about sweet loans and crisis immunity Nursultan Nazarbayev mentioned that he does not feel the new wave of the global financial crisis coming.

24 May 2012

Agricultural equipment works on a prayer in Kazakhstan: Minister Kazakhstan Minister of Agriculture told the senators about the mess in the industry and complained about insufficient funding.

22 May 2012

Finance Minister named Kazakhstan's debtors Kazakhstan considers Georgia, Belarus and Turkmenistan its debtors.

21 May 2012

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