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Finance

profit news bank Australia Asia Pacific shares pension fund Kazakhstan Kazakh United States
Australia's Commonwealth Bank posts record profit 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).
14 August 2013
Single Pension Fund to purchase other Kazakhstan pension funds' stock by year end Single Pension Fund to purchase other Kazakhstan pension funds' stock by year end Purchase of the shares of Kazakhstan’s pension funds by the Single Pension Fund will be finalized by the end of 2013.
12 August 2013
Duel over Apple's punishment for e-book price-fixing Duel over Apple's punishment for e-book price-fixing US antitrust attorneys defended their push to restrict Apple in the e-books market as hearings opened Friday on how to punish the the tech giant found guilty of price-fixing.
11 August 2013
National Bank suspends licenses of three banks for currency exchange services National Bank suspends licenses of three banks for currency exchange services The three banks “had violated the country’s legislation on counteraction to laundering illicitly obtained income and interaction to financing of terrorism”.
05 August 2013
Central Bank Governor Marchenko on the rumors of currency devaluation Central Bank Governor Marchenko on the rumors of currency devaluation The spring time was quiet, with no such rumors around. Perhaps people have got bored. Unfortunately, in our country such rumors is a way to entertain oneself: Gregory Marchenko.
02 August 2013
Hunger costs Swaziland three percent of GDP Hunger costs Swaziland three percent of GDP Around three in 10 young children in Swaziland are stunted by hunger, and 270,000 workers are also physically affected.
31 July 2013
Liechtenstein bank pays millions to settle US tax dispute Liechtenstein bank pays millions to settle US tax dispute Liechtenstein's oldest bank said Tuesday it would pay nearly $25 million to settle a dispute with US tax authorities over its suspected role in helping clients dodge US taxes.
31 July 2013
Kazakhstan seeks to drastically raise taxes on cars Kazakhstan seeks to drastically raise taxes on cars Raising the tax on cars powered by engines of over 3 liters is a tax on luxury: Finance Minister.
31 July 2013
BTA bank leads in Kazakhstan with 81% of bad loans BTA bank leads in Kazakhstan with 81% of bad loans Kursiv.kz has made a rating of the second-tier banks of Kazakhstan with the highest share of troubled loans.
30 July 2013
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Kazakhstan toughens requirements to members of the country’s Foreign Investors Council Kazakhstan toughens requirements to members of the country’s Foreign Investors Council The Foreign Investors’ Council is an advisory body established to address key issues related to their investment activities in the country, and to improve the investment climate of Kazakhstan.
30 July 2013
Troubled BTA to see new Chairman of Board August 5 Troubled BTA to see new Chairman of Board August 5 Kadyrzhan Damitov, ex Head of the Kazakh Stock Exchange, will take the seat of the BTA Board Chairman: an unidentified source.
30 July 2013
Kazakhstan to spend $92 million on 2013 grain reserves 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 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 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 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 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 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 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% 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
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