Kazakhstan to lower corporate income tax
Kazakhstan mulls lowering corporate income tax from 20 to 15 percent in 2014.
IMF warns G20 of slowing emerging economies
The International Monetary Fund warned the Group of 20 Wednesday that emerging economies were slowing more than expected and under pressure from US plans to slow its stimulus.
Kazakhstan National Bank starts pegging tenge to fx basket
The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.
Assets of the National Oil Fund to exceed $122 billion by 2016
A transfer of $980.3 million will be made in 2014 out of the National Oil Fund to finance prep works for EXPO-2017 to be held in Astana.
Kazakhstan to introduce differentiated rates of tax on real estate
The country’s media reported earlier that Kazakhstan’s respective ministries seek to substantially raise taxes on cars equipped with engines of 3-4 liters.
US to hit debt ceiling in mid-October: Treasury
The US will hit its statutory debt ceiling in mid-October, raising the chance that the government will be forced to default on its debts.
Greece may need new bailout of 10bn euros
Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
Brazil to spend $55 billion to defend sagging real
Markets and analysts cheered Friday after Brazil's central bank pledged $55 billion until year's end to prop up the sagging real while Latin America's biggest economy is showing weak growth.
Australia's Commonwealth Bank posts record profit
Australia's biggest bank, the Commonwealth, on Wednesday posted an eight percent jump in full-year net profit to a record Aus$7.68 billion (US$6.98 billion).