Ratings agency says curbing the deficit is no longer enough to restore confidence.

The WEF’s Global Risk 2013 report suggests that many developing markets are better placed to tackle major global risks than their developed counterparts. 

Kazakh bank to clean balance sheet by offloading “doubtful assets”.

Evgeny Gavrilenkov, chief economist at Troika Dialog, explains why the non-perfoming loan 'crisis' in Russia may not be such a crisis after all, and uses a new poll on drug addiction in Russia to support his intriguing argument.

The Warsaw Stock Exchange is to launch trading in municipal and corporate bonds this year, says the exchange's CEO.

The newly-appointed prime minister of Latvia, Valdis Dombrovskis, says his government is prepared to cut government spending by up to 40% in order to reduce the budget deficit and meet IMF austerity measures.

The governor of the Bank of Latvia, Ilmārs Rimšēvičs, says he is confident that Latvia is not going the way of Iceland. “The short-term debt of Iceland is twice as high as the total gross external debt of Latvia. Moreover, half of the banks’ short-term debt is in fact long-term”, he told an investor conference in London on November 4.

Bank promotes deputy chief risk officer to lead department.

Global investigations firm names managing director for Dubai financial investigations team.

Russian brokerage firm names new chief economist.

Insurance broker promotes Irwin to managing director of MENA division.

The board of The United Bank for Africa has appointed Alhaji Bello as executive director with supervisory responsibilities for the bank’s interstate transaction business. The appointment is subject to the confirmation of the Central Bank of Nigeria.