China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
DAVOS, Switzerland-European Central Bank President Mario Draghi told the World Economic Forum on Friday that the ECB's actions in December had averted financial disaster, and cited evidence of improvement in euro-zone markets in recent weeks.
DAVOS, Switzerland - U.S. Treasury Secretary Timothy Geithner hinted Friday that the Obama administration could support an increase in resources for the International Monetary Fund to fight the euro crisis, and also sounded a note of cautious optimism on the U.S. economy.
26 January 2012, Almaty - "BTA Bank" JSC (the "Bank") would like to announce results of today's General Shareholders' Meeting (the "GSM") held in Almaty as well as to provide an update on a number of matters in relation to the proposed restructuring of certain of its financial indebtedness.
In State of the Union address, Obama says ‘basic American promise’ is at risk
President Obama warned in his State of the Union address Tuesday that the nation's middle class is at risk because of growing economic inequality, and argued that the government must do more to preserve the basic American dream.
Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
The International Monetary Fund Tuesday trimmed its global growth estimates for the year to 3.3%, but warned the euro-zone debt crisis could lop roughly two percentage points off worldwide output if euro-zone leaders don't act soon.
Almaty, January 24, 2012 - BTA Bank JSC informed that from January 23, 2012 Mr. Konstantin Korishchenko has resigned from his position as a Member of the Board of Directors, Independent Director of BTA Bank JSC.