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HSBC unit fined $12.5 mn for unregistered US services 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 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 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
IMF, World Bank policies may share blame in Ebola crisis IMF, World Bank policies may share blame in Ebola crisis Christine Lagarde, the Managing Director of the International Monetary Fund, had just called for an increase in the country's budget deficit so that it could battle Ebola.
19 November 2014
More Russian banks to enter Kazakh market: Eurasian Economic Commission More Russian banks to enter Kazakh market: Eurasian Economic Commission Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov spoke about the mutual Kazakh-Russian financial market and the possibility of increasing the number of Russian banks in Kazakhstan, as well as the prospects of Kazakh banks entering the Russian market.
17 November 2014
Money from National Fund to help out Kazakh economy Money from National Fund to help out Kazakh economy Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.
17 November 2014
Obama says US cannot carry 'world economy on our back' Obama says US cannot carry 'world economy on our back' President Barack Obama said the United States cannot "carry the world economy on our back" and urged G20 leaders to work harder to create jobs by revving up growth.
15 November 2014
IMF: low oil prices to boost growth IMF: low oil prices to boost growth The fall in oil prices to their lowest levels in more than three years should give a boost to the sagging world economy, the International Monetary Fund said.
13 November 2014
Kazakhstan developing new payment system: Central Bank Governor Kazakhstan developing new payment system: Central Bank Governor “We want to come up with a payment system compatible with leading global payment systems”, he elaborated.
13 November 2014
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G20 states spend $88bn in fossil fuel exploration subsidies: report G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies.
11 November 2014
Brazil welcomes FIFA $100 million World Cup legacy fund Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.
11 November 2014
G20 global infrastructure hub set for Australia G20 global infrastructure hub set for Australia A global infrastructure hub proposed by G20 nations to help strengthen economic growth will be based in Sydney and funded by Australia.
10 November 2014
Central Bank Governor on situations in Russia and Kazakhstan Central Bank Governor on situations in Russia and Kazakhstan According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
10 November 2014
Russian ruble fall has little effect on Kazakhstan economy: IMF Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.
09 November 2014
Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's debt on government securities has grown by $2.5 billion in just one day.
08 November 2014
Summit of Islamic Financial Services Council to be held in Kazakhstan next year Summit of Islamic Financial Services Council to be held in Kazakhstan next year Governor of the National Bank of Kazakhstan has declared that the summit of the Council for Islamic Financial Services will be held in Almaty in 2015. He also spoke about the future of Islamic finance in Kazakhstan.
08 November 2014
New Bulgaria PM promises stability in EU's poorest country New Bulgaria PM promises stability in EU's poorest country Bulgaria's new Prime Minister Boyko Borisov said he hoped to restore stability to the EU's poorest country.
08 November 2014
Joblessness, inequality top global concerns in 2015: report Joblessness, inequality top global concerns in 2015: report Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said.
07 November 2014
Foreign borrowers responsible for 40% of NPLs in Kazakhstan Foreign borrowers responsible for 40% of NPLs in Kazakhstan A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.
05 November 2014
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