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IMF suspends aid talks with Greece ahead of elections The International Monetary Fund said it was suspending talks on a new disbursement of financial aid to Greece until a new government is formed after elections.

30 December 2014

Kazakhstan considers de-dollarizing its economy Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.

29 December 2014

Astana and Almaty avail of government investments Astana, Almaty and Almaty Oblast receive the largest portion of the public investments in Kazakhstan.

25 December 2014

Several Kazakh banks cease issuing mortgage loans in tenge Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.

24 December 2014

IMF policies criticised over Ebola outbreak IMF policies left healthcare systems in the African countries worst affected by Ebola underfunded and lacking doctors, and hampered a coordinated response to the outbreak.

22 December 2014

Attack could cost Sony half a billion dollars: experts The devastating cyberattack on Sony Pictures could see the Hollywood studio lose hundreds of millions of dollars in revenue and incur massive recovery costs.

20 December 2014

There is a substantial margin of safety of the tenge: Finance Minister According to him, the [20%] currency devaluation that took place back in February envisaged a certain safety factor for the future.

18 December 2014

US increases FDI into Kazakhstan Kazakhstan and US increase cooperation in trade and economic cooperation. Kazakhstan's Foreign Minister Erlan Idrissov's visit to Washington aimed at strengthening this cooperation.

16 December 2014

IMF sees Argentina progress toward better economic data The International Monetary Fund said that Argentina was making progress in improving the data but more was needed.

16 December 2014

TENGRI LIFE

TENGRI TRAVEL

Kazakhstan and China sign agreement on settlements in national currencies Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.

15 December 2014

IMF calls on donors to 'step up' for Ukraine The International Monetary Fund called for the international community to come forward with fresh funds for Ukraine.

12 December 2014

Russia charms Uzbekistan with massive debt writeoff Russia's President agreed to write off most of the debt owed by Uzbekistan in an apparent bid to steer the Central Asian country towards joining the Eurasian Economic Union.

11 December 2014

Tenge devaluation cannot be ruled out in Kazakhstan: expert Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.

10 December 2014

Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan The Ad hoc Committee of the International Centre for Settlement of Investment Disputes (ICSID) has denied the appeal of Netherlands-based company KT Asia Investment Group BV that demanded $1.5 billion in compensation from Kazakhstan for allegedly nationalising the company's minority share in BTA Bank.

04 December 2014

Kazakhstan National Bank’s gold and FX reserves figure announced Gold and FX reserves of the National Bank have grown by 15.8% since the start of the year.

02 December 2014

Venezuela to slash budget after OPEC steadies output Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

29 November 2014

HSBC unit fined $12.5 mn for unregistered US services A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services.

26 November 2014

Kazakhstan’s PM on efforts to overcome excessive dollarization Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.

26 November 2014

Russia to lose some $40 bn a year due to sanctions: minister Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said.

24 November 2014