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Legitimization of assets to bring billions: Kelimbetov Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.

12 May 2014

London tops super-rich city list, survey shows London has more billionaires than any other city in the world, and Britain has more billionaires per head of population than any other country, new data showed.

11 May 2014

Nauru applies for IMF membership The tiny Pacific island nation of Nauru has officially lodged an application for entry to the International Monetary Fund, the global financial body said.

10 May 2014

Sotheby's gives Loeb board seats, avoiding showdown Sotheby's agreed Monday to appoint hedge fund activist Dan Loeb and two allies to its board, averting a shareholder vote over the direction of the prestigious fine art auctioneer.

07 May 2014

Experts forecast mortgage lending revival in Kazakhstan Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.

06 May 2014

Development Bank of Kazakhstan obtain 500 million euro loan from HSBC Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.

05 May 2014

Portugal to end EU-IMF bailout with clean break Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.

05 May 2014

Asian Development Bank to co-finance projects funded out of the National Oil Fund One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015, Minister of Economic Affairs Yerbolat Dossayev said April 14.

04 May 2014

Panama Canal to earn $3.1 bn a year, less than expected A widened Panama Canal is expected to bring in some $3.1 billion per year, considerably less than earlier estimates, the official responsible for the waterway told AFP.

03 May 2014

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Kazakhstan to halve its banks in 5 years: opinions Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.

29 April 2014

Nursultan Nazarbayev and EDB Chairman meet in Astana Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.

27 April 2014

Spain shows fastest growth in six years: central bank Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.

25 April 2014

Kazakhstan to subsidize agro-industry Kazakhstan will specify new terms of subsidizing agro-industrial projects before May 1 this year.

24 April 2014

Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.

18 April 2014

Brazil names 46 suspects in money-laundering, drug probe Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.

18 April 2014

Central Bank to raise requirements to banks tenfold by 2020 Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.

17 April 2014

$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.

16 April 2014

President Nursultan Nazarbayev on the country’s financial industry Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.

16 April 2014

China bank loans surge in March: central bank China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.

16 April 2014