Greece repays 3.4 bn euros to European Central Bank: sourceGreece has repaid 3.4 billion euros ($3.79 billion) due to the European Central Bank, a source close to the Greek government said after the launch of a massive new reforms-for-bailout deal.
New devaluation in Kazakhstan?Kazakhstani banks raise dollar-tenge exchange rate. People fear another devaluation of the currency. The Kazakh National Bank is silent.
19 August 2015 16:50
Japan economy's contraction a blow for 'Abenomics'Japan's economy contracted last quarter, boosting speculation the central bank will be forced to unleash more stimulus as Tokyo's "Abenomics" growth blitz stumbles.
China's long march to currency reform takes a step forwardChina's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.
Pension reform in Kazakhstan raises questionsKazakhstan is moving forward with its new pension system. However, some are concerned it will mean lower revenues for the state budget and more money in the shadow economy.
IMF approves $1.7 bn loan installment to UkraineThe International Monetary Fund announced the approval of a $1.7 billion loan installment to Ukraine despite uncertainty about the country's debt sustainability and a conflict with separatist forces.
IMF 'ready to work with Greece, EU'The International Monetary Fund said it stands is prepared to work with Greece and European Union partners to advance the third bailout effort for the country agreed early Monday.
Lagarde: A new Greece program needs debt restructureInternational Monetary Fund Managing Director Christine Lagarde said that a new program to prop up Greece's finances would require creditors to restructure debt.
