Kazakhstan to spend $92 million on 2013 grain reserves 13.75 billion tenge ($91.7 million) were allocated from the state budget for procurement of grain for the state resources.
29 July 2013
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.
29 July 2013
GMAC pays $230 mln to borrowers in foreclosures case GMAC Mortgage, a defunct unit of Ally Financial, will pay $230 million to borrowers as part of a government review of potentially flawed foreclosures.
27 July 2013
Kashagan to affect oil prices in 2 years Commercial production at Kashagan field may put some pressure on the oil prices, but in only the long run.
26 July 2013
Kazakhstan’s President Nursultan Nazarbayev reiterates there are no grounds for tenge depreciation Kazakhstan’s President Nursultan Nazarbayev has met Gregory Marchenko, the country’s Central Bank Governor.
26 July 2013
Debt, shadow finance bedevil China's economy Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
26 July 2013
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.
26 July 2013
Kazakhstan’s Central Bank seeks to maintain inflation within 6-8% Despite the lingering uncertainty of the global economy, Kazakhstan’s economy has been stable, with the GDP growing 5.1% in the H1 2013. The annual inflation stands at 5.9%: Economy Minister.
25 July 2013
Kazakhstan’s Central Bank on rumors of the Tenge devaluation For the recent 4.5 years there have been rumors of devaluation more than 15 times: Central Bank Governor Gregory Marchenko.
25 July 2013
Kazakhstan’s Government mulling a Eurobond issue The country’s international reserves grew 4.1% in the H1 2013, reaching $89.6 billion: Minister of Economic Affairs.
23 July 2013
G20 gets 'action plan' to fight tax avoidance The OECD has presented the G20 nations with a bold strategy to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.
20 July 2013
Philippines' San Miguel reaps $400 mn in power sale Philippine conglomerate San Miguel Corp. said Friday it sold part of its minority stake in the country's main electricity retailer for nearly $400 million.
20 July 2013
Detroit becomes largest US city to file for bankruptcy Detroit on Thursday became the largest city in US history to file for bankruptcy protection after decades of decline and mismanagement rendered the home of the nation's auto industry insolvent.
19 July 2013
Almaty leads by budget incomes in 2013 The average budget income per one Almaty citizen has made 730 thousand tenge ($4,900) in 2013.
18 July 2013
Boeing stocks dive after 787 fire at Heathrow Boeing stocks plunged nearly 5 percent on Friday after a fire and a "technical issue" on separate 787 Dreamliners in Britain stoked fresh safety concerns about the new high-tech jetliner.
13 July 2013
Europe floods to cost insurers up to $4.5 billion: Swiss Re The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (3.5 billion euros) in losses for the insurance industry.
09 July 2013
Merkel hosts leaders to fight youth unemployment German Chancellor Angela Merkel hosts European leaders in a bid to tackle sky-high youth unemployment.
03 July 2013
Oil trafficking funds Kazakhstan's religious extremists Illicit trafficking in oil and oil products fuels Kazakhstan's shadow economy and provides funding to organized criminal groups, including radical religious movements: official.
01 July 2013
Spain raises taxes on alcohol, tobacco The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, on Friday raised taxes on tobacco and alcohol.
29 June 2013
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