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Kazakhstan to establish $1 bln venture fund

An innovation-oriented venture fund with a capital of $1 billion will be established in Kazakhstan.

Kazakhstan to establish $1 bln venture fund
Kenes Rakishev telling about perspective directions of the fund's work. Photo by Maksim Popov©
Kenes Rakishev and Ehud Olmert present global venture fund in Tel Aviv

Kazakhstan businessman Kenes Rakishev and former Prime-Minister of Israel Ehud Olmert presented a global venture capital fund in Tel Aviv.

Kenes Rakishev and Ehud Olmert present global venture fund in Tel Aviv
Argentina's Economy Minister Hernan Lorenzino. ©REUTERS/Andrew Burton
Argentina presents conditions for debt repayment

Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.

Argentina presents conditions for debt repayment
Prince Harry returns to Lesotho for charity visit
Prince Harry returns to Lesotho for charity visit

Britain's Prince Harry attended a fundraising gala dinner organised in neighbouring South Africa for his Lesotho charity projects as he wrapped up his three-day visit to southern Africa.

Prince Harry returns to Lesotho for charity visit
©REUTERS
Judge blocks Apple shareholder vote in lawsuit

A US federal judge blocked Friday an Apple shareholder vote in response to a hedge fund lawsuit that claimed the tech giant was improperly bundling questions on a ballot.

Judge blocks Apple shareholder vote in lawsuit
Greenlight sues Apple, with eye on cash pile
Greenlight sues Apple, with eye on cash pile

Apple said Thursday it is weighing ways to give shareholders more of its huge cash stockpile, after hedge fund Greenlight Capital filed suit in an effort to press it in that direction.

Greenlight sues Apple, with eye on cash pile
Samsung to pump $1 bn into research, venture fund
Samsung to pump $1 bn into research, venture fund

Samsung announced Monday it was pumping more than $1 billion into research and venture capital funding efforts that will be led by a new hub for the South Korean giant in Silicon Valley.

Samsung to pump $1 bn into research, venture fund
US student could "doodle" way to college money
US student could "doodle" way to college money

Google on Monday launched a competition that will let a US student "doodle" his or her way to cash for college along with landing grant money to fund technology education at their grade school.

US student could "doodle" way to college money
With Romney filing, 2012 election spending tops $2 bn
With Romney filing, 2012 election spending tops $2 bn

Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.

With Romney filing, 2012 election spending tops $2 bn
US general demoted over 5-star hotel spending
US general demoted over 5-star hotel spending

A four-star general who headed US Africa Command has been demoted amid charges he spent hundreds of thousands of dollars on pricey travel, Pentagon officials.

US general demoted over 5-star hotel spending
New York billionaire gives famed park $100 million
New York billionaire gives famed park $100 million

New York's famed Central Park saw a different kind of green Tuesday when a hedge fund billionaire made a $100 million donation, said to be the largest gift to a park of all time.

New York billionaire gives famed park $100 million
Audit finds Philippines lost $2.46 bn to anomalies
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.

Audit finds Philippines lost $2.46 bn to anomalies
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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.

US State Dept seeks to unblock $450 mn for Egypt
Palestinian finance minister Nabil Kassis. Photo courtesy of arabian business.com
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.

Palestinian state efforts at risk in cash crisis: minister
Africa, South Asia lag in boost to global child health
Africa, South Asia lag in boost to global child health

The global mortality rate for young children has been nearly halved in the past two decades, but Africa and South Asia have not kept pace.

Africa, South Asia lag in boost to global child health
Family members of victims of the Century 16 movie theater shootings. ©REUTERS/Rick Wilking
Angry families demand funds over US shooting

Families of victims of the Colorado movie theater shooting voiced anger Tuesday over the distribution of funds intended for them, saying they had so far received only a tiny slice.

Angry families demand funds over US shooting
Photo courtesy of navajocountydrugproject.com
Well-wishers donate $4.4 mn to US cinema shooting victims

Well-wishers from the US and around the world have donated $4.4 million to a fund for the victims of a mass shooting at a US movie theater.

Well-wishers donate $4.4 mn to US cinema shooting victims
Kazakhstan passes the first ever Islamic Finance Development Roadmap
Kazakhstan passes the first ever Islamic Finance Development Roadmap

Kazakhstan is already home to Al Hilal Islamic Bank. The Bank is a 100% subsidiary of Al Hilal Bank, UAE, and the first Islamic bank in Kazakhstan and CIS countries.

Kazakhstan passes the first ever Islamic Finance Development Roadmap
Zhanaozen. Photo by Danial Okassov©
15 million tenge transferred to Zhanaozen residents support fund

The compensation will be transferred to personal addressees' accounts in the nearest days.

15 million tenge transferred to Zhanaozen residents support fund
Kyrgyz-Kazakh investment fund worth $100 million to be launched late October in Bishkek

It is expected to invest into major industries of Kyrgyzstan.

Kyrgyz-Kazakh investment fund worth $100 million to be launched late October in Bishkek