euronews Life: Almaty: Kazakhstan's Garden City

Published on Sep 11, 2012 by Euronews

http://www.euronews.com/ The city of Almaty lies to the south of Kazakhstan, a stop off point in years gone by on the Silk Road, the great trading route that linked east and west.

Trade and economy are still at the heart of Almaty which was once the country's capital. It is the financial centre of central Asia and attracted some six million tourists last year. History, hot summers and a raft of winter sports on tap are among the top attractions.

In the hustle and bustle of modern development Almaty has not forgotten long held traditions like the famous steam baths, the Russian Banya.

Some like it hot first thing. Bagdat Yermagambedov has been taking the steam for 30 years.

.....

Lagarde: Seeing `Good Things' in Greece

Oct. 10 (Bloomberg) -- IMF managing director Christine Lagarde talks with Bloomberg's Sara Eisen about the Greek debt crisis.

U.S. Stock Market Wrap

Oct. 10 (Bloomberg) -- Bloomberg's Ellen Braitman reports on the performance of the U.S. equity market today. U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest level in a month, as Alcoa Inc.’s forecast fueled concern over corporate earnings and global economic growth. (Source: Bloomberg)

Oil Rises on Tensions in the Middle East

Oct. 10 (Bloomberg) -- Alix Steel reports on today's top commodities news headlines on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

10/10/2012 BUSINESS BULLETIN

Published on Oct 10, 2012 by france24english

You are watching the latest business report from FRANCE 24.

More business news on FRANCE 24:
http://www.france24.com/en/business

FRANCE 24 INTERNATIONAL NEWS 24/7
http://www.france24.com

European markets at close: 10.10.2012

Published on Oct 10, 2012 by Euronews

http://www.euronews.com/

IMF warns Europe on capital flight

Published on Oct 10, 2012 by Euronews

http://www.euronews.com/ The International Monetary Fund has warned that the flight of capital from struggling eurozone countries could shrink bank assets by trillions of euros.

It is yet another stark warning from the IMF, which is preparing for its twice annual meeting in Tokyo.

A report from the Fund urged European decision makers to strengthen financial ties within the euro area urgently to restore confidence in the global financial system.

The report predicts that European banks are likely to lose 2.2 trillion euros over two years but the worst case scenario puts the outflow at 3.5 trillion and that would have a similarly bleak impact on jobs and investment.

The director of the IMF's monetary and capital markets department José Viñals said: "Vigilance is necessary and measures are necessary to prevent all financial vulnerabilities so that they do not lead to problems later on."

A source in the German finance ministry said the EU's most powerful member would strive to ensure that the European debt crisis was not the sole focus of the IMF meeting.

The latest report from the IMF stressed that the eurozone debt crisis is the main threat to global financial stability, which has weakened in the last six months.

euronews innovation: X-ray expertise

Published on Oct 10, 2012 by Euronews

http://www.euronews.com/ A Danish company has developed a series of machines that can quite literally see the unseen.

Joergen Rheinlaender, the Director at InnospeXion explains: "We have developed a low energy x-ray system. The application area for this is to be able to inspect things that are of low density or low thickness."

The silver machines use low-energy x-rays to peer inside a product, and highlight faults that other scanners fail to spot.

.....

World Economics Analysis in brief | Made in Germany

Published on Oct 9, 2012 by deutschewelleenglish

Right now there are over 18 Million people out of work in EU. What sort of perspective does this unemployed population have?
And: China unveiled an economy-boosting program worth the equivalent of 124 billion Euros. Will that have a positive effect on the global economy?
How did the DBIX perform in September? What´s driving the markets? Watch the interview with Heiko Peters to find out!

How can agricultural research help farmers? | Tomorrow Today - Interview

Published on Oct 9, 2012 by deutschewelleenglish

http://www.dw.de

Our studioguest Professor Harald von Witzke is an agricultural economist at the Humboldt University in Berlin.
For more go to: http://www.dw.de/dw/episode/9798/0,,16260266,00.html

Getting Cambodia's rail system back on track

Published on Oct 9, 2012 by australianetworknews

Renovating Cambodia's rail system is one thing, but getting the trains running again is another - and AusAID is trying to do both.

The project has been fraught with delays, partly because it's wanted to move people living near the tracks.

South East Asia correspondent, Zoe Daniel, reports from Phnom Penh.

Korean Banks Vie for Global Reach

Published on Oct 10, 2012 by FinancialTimesVideos

While South Korea continues to establish itself as a growing Asian economy, some of the country's banks are struggling to go global. The FT's Simon Mundy talks to Euh Yoon-dae, chief executive and chairman of KB Financial Group, about the challenges faced by the country's banks and what the financial services sector can expect from the upcoming presidential election.

For more video content from the Financial Times visit: http://www.ft.com/video

Senior Chinese Officials Skips IMF and World Bank Meetings in Japan

Published on Oct 10, 2012 by NTDTV

The IMF and World Bank are having their annual meetings in Tokyo today but a few faces were missing from the expected line up. The governor of China's Central Bank, Zhou Xiaochuan, and China's Finance Minister, Xie Xuren, will not be in attendance.

In their place will be Yi Gang, Vice Head of the People's Bank of China and Vice Finance Minister, Zhu Guangyao. It's not customary for lower level officials to lead a delegation to meetings of such international importance, but according to the Chinese regime, the senior officials were unavailable.

The official reason for the last minute change has been blamed on a scheduling conflict. But Chinese state media has linked the Chinese regime's islands dispute with Japan to the delegation swap. There is also speculation that the officials wanted to stay in China ahead of the leadership transition on November 8th—the preparation for which has consumed the Communist leaders in recent months.

Japan's Finance Minister Koriki Jojima said it is regrettable the senior Chinese officials could not attend. He suggests the political snub only hurts the Chinese regime itself.

...