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Finance

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India seen holding rates to guard against inflation India seen holding rates to guard against inflation India's central bank will keep interest rates on hold as it awaits more proof that stubborn high inflation is headed downward in Asia's third-largest economy.
30 September 2014
Fitch places Catalonia on rating watch negative following independence vote call Fitch places Catalonia on rating watch negative following independence vote call Ratings agency Fitch put Catalonia on review for a possible downgrade.
30 September 2014
Prada goes for cover-up look over CEOs tax fraud probe Prada goes for cover-up look over CEOs tax fraud probe Troubled Italian fashion giant Prada stonewalled questions over its tax affairs.
30 September 2014
Football: UEFA opens financial probes against seven clubs Football: UEFA opens financial probes against seven clubs UEFA announced that it had opened probes for suspected breaches of financial fair play rules.
26 September 2014
At UN, Argentina's Kirchner slams debt 'vultures' At UN, Argentina's Kirchner slams debt 'vultures' Argentine President Cristina Kirchner lashed out at "vulture funds" that are pursuing her country for payment on Argentine bonds they hold.
25 September 2014
Los Angeles raises minimum wage for hotel workers Los Angeles raises minimum wage for hotel workers Los Angeles voted to raise the minimum wage for its hotel workers to more than $15 an hour.
25 September 2014
Ukraine seeks to end 'panic' over sliding currency Ukraine seeks to end 'panic' over sliding currency Ukrainian leaders sought to reassure financial markets by pledging action to shore up the national currency.
24 September 2014
Eurasian Development Bank issues bonds in Kazakhstan Eurasian Development Bank issues bonds in Kazakhstan Eurasian Development Bank (EDB) has issued tenge-denominated bonds worth nearly $110 million in Kazakhstan.
22 September 2014
G20 finance chiefs aim to 'change destiny of global economy' G20 finance chiefs aim to 'change destiny of global economy' Finance chiefs from G20 nations held talks confident they can "change the destiny of the global economy" despite rising world political tensions.
20 September 2014
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Embattled French government scrapes through confidence vote Embattled French government scrapes through confidence vote France's crisis-hit government narrowly won a crunch parliamentary vote of confidence in its economic reform path.
17 September 2014
S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook Senior Director at Standard & Poor's Sovereign Ratings division Christian Esters talks about Kazakhstan's rating outlook and downgrade of GDP growth forecast.
15 September 2014
Cyprus fears next tranche of bailout funds at risk Cyprus fears next tranche of bailout funds at risk Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.
12 September 2014
Kazakhstan-based banks obliged to keep equity capital inside the country Kazakhstan-based banks obliged to keep equity capital inside the country According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
11 September 2014
Kazakhstan people keep $18 billion at home: Central Bank Governor Kazakhstan people keep $18 billion at home: Central Bank Governor Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.
10 September 2014
Merkel 'proud' of budget, insists on rigour in EU Merkel 'proud' of budget, insists on rigour in EU Angela Merkel voiced pride in her country's strong budget and called on EU states "finally" to respect joint fiscal rules.
10 September 2014
Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
09 September 2014
Kazakh farmers face stringent loan terms, development of agribusiness inhibited Kazakh farmers face stringent loan terms, development of agribusiness inhibited There are several financial constraints for achieving development of Kazakhstan's agriculture, experts say. Alleviating these is necessary to boost the industry and make Kazakhstan-made products competitive internationally.
07 September 2014
Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov Head of Kazakhstan National Bank Kairat Kelimbetov spoke about the stages of development of Islamic finance in Kazakhstan.
05 September 2014
EU pressed to up aid to farmers hit by Russia sanctions EU pressed to up aid to farmers hit by Russia sanctions The European Parliament ratcheted up the pressure on the European Union to increase support for farmers hit by a Russian ban on food.
05 September 2014
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