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Tenge news National Bank Kazakhstan Kazakh devaluation currency CIS finance ruble Russia Central Bank exchange rate exchange United States economy default crisis Argentina Americas Greece European Central Bank Europe Cyprus bank Court Visa payment money MasterCard Scotland profit Great Britain USA UK Netherlands investment loan deposits mortgage EXPO-2017 Shopping unrest incident insurance Malaysia plane Ukraine crash inflation IMF France technology mobile Massimov growth forecast China Asia Pacific Nursultan Nazarbayev development Judge legislation Nazarbayev tax Japan Debt

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

TENGRI LIFE

TENGRI TRAVEL

Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.

22 July 2014

Central Bank Governor on prices for real estate at the threshold of EXPO-2017 According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.

22 July 2014

Monthly average shopping expenses revealed in Kazakhstan Almaty, the biggest Kazakhstan’s city, is ranked 1st in terms of the average monthly expenses, with the average monthly amount standing at 91 000 tenge ($497), 5 times in excess of the subsistence level set for the region.

22 July 2014

Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Payments of Kazakhstan-based Eurasia Insurance Company may exceed $3 million in claims over the shot down Malaysia Airlines MH17 flight.

21 July 2014

IMF chief says low inflation can hit European growth IMF chief Christine Lagarde warned that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

19 July 2014

Mobile phones are the future of Kazakhstan's payment system: Massimov Payment system in Kazakhstan may be rebased to mobile phones in future, according to Prime Minister of Kazakhstan Karim Massimov.

16 July 2014

China's growth speeds up to 7.5%, beats expectations Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.

16 July 2014

IBRD to loan $36 million to Kazakhstan to enhance legal system President Nursultan Nazarbayev has endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development.

16 July 2014

Bank of Japan holds off fresh stimulus, says economy recovering The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike.

15 July 2014

Kazakhstan foreign debt figure announced The banking sector’s foreign debt from January to March 2014 decreased by 5.7% down to $10.519 billion.

14 July 2014