Finance - страница 24

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

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

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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

Kazakhstan announces its international reserves figure The gold and FX reserves of the Central Bank grew by 7.1% to reach $26.471 billion from January to June 2014, with the assets of the National Oil Fund growing by 8.21% to reach $76.607 billion.

10 July 2014

China's economy on track as June trade surplus jumps China's monthly trade surplus jumped 16.4 percent in June to $31.6 billion, official data showed Thursday, as exports and imports both rose in the latest sign of recovering strength in the world's second-largest economy.

10 July 2014

'40 percent' of Madagascar budget lost to corruption: PM Madagascar's Prime Minister Roger Kolo has vowed to stamp out corruption after revealing that 40 percent of his country's budget is lost to graft.

05 July 2014

Facebook shares to be traded at Kazakhstan Stock Exchange Facebook is going to be listed at the Kazakhstan Stock Exchange (KASE) by the end of this year.

01 July 2014

China signs yuan accords with France, Luxembourg China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.

30 June 2014