National Bank’s Governor doesn’t rule out further slashing down the key rate
In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.
Kazakhstan to shortly ban Ponzi schemes
The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.
National Oil Fund’s average annual earning capacity stands at 4.51%
The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.
Euro inches off multi-year lows in Asian trade
The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis.
Australian gas rush set to overhaul Qatar's lead
Australia is set to become the world's biggest liquefied natural gas producer, with analysts predicting it will overtake Qatar by 2020 as it unlocks reserves that could last more than a century.
Huge money spin in Kazakhstan's shadow economy
The turnover of Kazakhstan’s shadow economy has amounted not to even to dozens but to hundreds of millions of dollars in the last 5 years.
Property boom transforming Philippine skylines
As a Philippine property boom gathers pace, even Paris Hilton, Donald Trump and high-fashion house Versace are getting a piece of the action.
Markets panic as eurozone faces turbulent summer
The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.
Moody's cuts Germany outlook
Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."