US spy agencies spent nearly $68 bn in 2014
US spy agencies spent nearly $68 billion in fiscal year 2014, about the same level of spending on intelligence gathering in the previous year.
Central Bank Governor on Toxic Assets Fund
According to him, the money will only be provided to banks that have accumulated the most of NPLs. Kazkommertsbank and BTA to be shortly merged are among them as they jointly account for 62% of NPLs in the banking sector.
Kazakh deputies outraged at risky investments of Single Pension Fund
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
28 October 2014
Borsa Istanbul to buy a stake in Kazakhstan's KASE
Mid-September Kazakhstan's KASE signed a framework agreement on strategic cooperation with BIST; the agreement lays foundations for a long-term partnership, including through reciprocal purchase of shares.
27 October 2014
Kazakhstan Finance Minister on budget stability
According to him, through transfers from the National Oil Fund to the country’s budget the latter is insured against shocks related to falling oil prices.
French unemployment hits new record
Unemployment in France hit a new record in September, with official statistics published showing 3.43 million people claimed jobless benefits.
25 October 2014
IMF fights negative interest rates
The IMF announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging interest rates and deflation from major economies.