Economy - страница 62

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Kazakhstan and Turkey agree on 16 additional flights The Kazakhstan Transport Ministry has arranged for 16 additional flights a week to Turkey for the summer season.

21 April 2014

Mattel reports loss as Barbie sales plummet Toymaker Mattel has a problem: Barbie's performance has not been very pretty of late.

19 April 2014

Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.

18 April 2014

Iran oil exports rise to 1.2 mn barrels per day Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.

18 April 2014

US orange production hit by disease, juice prices soar A citrus disease spread by a tiny insect has devastated Florida's orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring on New York markets.

18 April 2014

Brazil names 46 suspects in money-laundering, drug probe Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.

18 April 2014

Central Bank to raise requirements to banks tenfold by 2020 Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.

17 April 2014

$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.

16 April 2014

President Nursultan Nazarbayev on the country’s financial industry Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.

16 April 2014

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China bank loans surge in March: central bank China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.

16 April 2014

Samruk-Kazyna Head on forthcoming IPOs and privatization plans According to him, plans are there to offer shares in 103 companies belonging to Samruk-Kazyna in 2014-2016.

15 April 2014

$1.3 billion to finance Toxic Assets Fund of Kazakhstan The vehicle will be buying out toxic assets from the country’s banks. Regulating rules will be formulated by July 1, 2014.

15 April 2014

Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.

15 April 2014

Citigroup cuts 200-300 jobs US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

15 April 2014

Air Astana dropped from EU's grey list Air Astana left the European Commission’s "grey list" and can now increase the number of flights to the European Union countries.

14 April 2014

$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.

14 April 2014

Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.

14 April 2014

Consumer loans in Kazakhstan reach 2.3 trillion Tenge Consumer credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.

14 April 2014

US launches probe into weight loss company Herbalife US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday.

13 April 2014