Mexican president signs landmark energy reform Mexican President Enrique Pena Nieto signed a package of landmark energy reform bills.
12 August 2014
Russia's stocks soar after avoiding delisting The shares of Russia's two biggest banks soared after avoiding being delisted from a top emerging markets index as part of the West's response.
11 August 2014
Russia okays $150 mn to subsidise World Cup venues The Russian government approved rules on subsidising construction of infrastructure for the 2018 football World Cup.
08 August 2014
State fund to take over crisis-hit Malaysia Airlines Malaysia Airlines will be taken over by a state investment fund under plans.
08 August 2014
National Bank able to maintain tenge exchange rate for at least one year: expert Tengrinews asked several experts about their opinions on the risks related to Kazakhstan's national currency - the tenge.
07 August 2014
Kazakhstan’s international reserves figure announced Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.
07 August 2014
Kazakhstan’s GDP real growth expected at 4.8%: IMF According to the Fund’s estimates, the inflation ratio is expected to reach 9%, “although the Government has been trying to keep the inflation ratio within the range of 6-8%”.
07 August 2014
President Nazarbayev suggests introducing individual bankruptcy procedures According to him, there is no place for those willing to live at the state’s expense. If someone fails to pay off his or her debts, foreclosure procedures should be applied.
06 August 2014
Largest bank in Kazakhstan experiencing cash withdrawals increase in wake of recent devaluation rumors Pressure on Kazkommertsbank’s ATM machines has increased by 15% due to devaluation rumors.
04 August 2014
National Bank Governor's advisor refutes Kazakh currency devaluation rumors Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.
01 August 2014
Kazakhstan to toughen monetary policies should pressure on Russian ruble persist Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.
01 August 2014
Rumors of second devaluation in Kazakhstan are speculations: experts Financial experts have shared their opinions about the possibility of devaluation of the Tenge, Kazakh national currency.
01 August 2014
Argentina faces default as 'vulture fund' talks fail Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement Wednesday, effectively pushing the country into default.
31 July 2014
Bank of Cyprus completes $1 bn private share placement Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014
With new default looming, Argentina urges calm Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.
29 July 2014
Kazakhstan does not need its own payment system: experts Experts believe that Kazakhstan does not need its own payment system and doesn't have the conditions to effectively introduce it.
26 July 2014
Cautious Royal Bank of Scotland reports sharp recovery Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
25 July 2014
Netherlands no longer biggest investor into Kazakh economy As of the end of 2013, according to the Kazakhstan’s Central Bank, the Netherlands was the largest investor, with the FDI standing at $728.1 million in the Q4 2013 alone.
23 July 2014
Central Bank Governor advises against borrowing According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
23 July 2014
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