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 10:32
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 10:05
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.
Chevron, YPF ramp up Argentina shale investment
US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
German inflation hits three-year low in March
The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.
11 April 2014 14:14
Marks & Spencer reports rising Q4 sales
British high street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division.
Kazakhstan’s international reserves figure announced
The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.
