Main | Finance

Finance

tourism news Middle East & Africa Egypt economy Tenge Kazakhstan Kazakh import export exchange rate Qatar politics IMF finance Asia Pacific Ukraine pipeline Europe National Bank Greece EU Debt Germany bank reforms Russia Iran Central Bank S&P Prime-Minister president Nazarbayev crisis Brazil Americas Parliament credit currency dollar governor Spain Elections policy inflation interest rate loan

Russian jet crash puts Sharm resort staff on 'unpaid leave' The Russian plane crash in Egypt has forced Sharm el-Sheikh hotels to send dozens of staff on "unpaid leave" as tourist numbers dwindle, with tens of thousands of jobs at risk within months.

13 ноября 2015

Kazakh tenge real exchange rate down by 24.7% in 2015 National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.

13 ноября 2015

IMF chief urges Gulf to adapt to sustained oil price drop International Monetary Fund chief Christine Lagarde warned that global energy prices could remain low for years and urged Gulf countries to adjust their budgets.

09 ноября 2015

Second Baltic pipeline will cost Ukraine $2bn a year: PM Ukrainian Prime Minister Arseniy Yatsenyuk blasted a planned second gas pipeline under the Baltic Sea, claiming it would cost his country $2 billion (1.8 billion euros) a year in lost revenue.

06 ноября 2015

Kazakhstan’s Central Bank on ongoing depreciation of the tenge To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.

05 ноября 2015

Moscovici confident of 'compromise' with Greece on remaining reforms The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.

04 ноября 2015

Commerzbank plans dividend for 2015 despite drop in Q3 profits Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.

02 ноября 2015

Greece 'has no time to lose' to meet creditor demands: Dombrovskis The European commissioner for the euro told Athens it has "no time to lose" in carrying out reforms its international creditors have demanded in exchange for bailout funds.

26 октября 2015

Russia to open $5 bn Iran credit line: Tehran Russia plans to open a $5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said during a visit by Moscow's energy minister.

23 октября 2015

Kazakhstan’s Central Bank Governor on tenge prospects We believe the current exchange rate of 277 tenge for USD1 reflects the true market value and is the one the country’s economy benefits from: Kairat Kelimbetov.

21 октября 2015

Deutsche Bank accidentally sent client $6 billion: report Germany's biggest lender Deutsche Bank accidentally sent $6 billion to a client after entering the wrong numbers, Bloomberg News reported.

20 октября 2015

S&P upgrades Ukraine from 'selective default' Standard and Poor's upgraded Ukraine's credit rating from "selective default" thanks to the cash-strapped former Soviet country's ability to strike a major debt write-restructuring deal.

20 октября 2015

We are approaching a more severe crisis than the one we faced back in 2007-2009: President Nazarbayev According to him, due to falling global prices for hydrocarbons, budget revenues have dropped by 40%. Besides, global prices are falling for major Kazakhstan’s commodities.

20 октября 2015

Brazil finance minister to keep job: president Brazilian President Dilma Rousseff sprang to the defense of her embattled finance minister, saying she would not be pressured into sacking him.

19 октября 2015

Troubled Deutsche Bank announces sweeping restructuring Scandal-plagued Deutsche Bank, Germany's biggest lender, announced a major business and management shake-up that would "fundamentally change" its leadership structure.

19 октября 2015

Greece adopts more painful reforms demanded by creditors Greece's parliament narrowly adopted further reforms demanded by the country's international creditors in return for further bailout funds.

17 октября 2015

Putin asks IMF to help Ukraine pay off $3 billion debt to Russia President Vladimir Putin called on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia.

14 октября 2015

Current tenge exchange rate is adequate: Kazakhstan central bank Governor Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.

08 октября 2015

EU warns Spain on budget as election nears The European Commission warned Spain to scale back government overspending that is in violation of EU budget rules or risk an embarrassing reprimand ahead of December elections.

06 октября 2015

Kazakhstan National Bank raises base interest rate to 16% The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.

05 октября 2015

TENGRI LIFE

TENGRI TRAVEL