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EU finance minister talks break down on bank closure regime European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.

24 June 2013

US cuts prison term of disgraced Enron CEO Skilling A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.

23 June 2013

Halyk Bank may give up on BTA deal The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.

21 June 2013

Moody's confirms Astana's positive rating with Stable outlook International rating agency Moody’s has confirmed Astana’s investment rating at the level of Baa3 with Stable outlook.

19 June 2013

Reasons for postponement of the People’s IPO Program According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.

19 June 2013

Kazakhstan’s Government and ADB to carry out joint research The research will be financed by the country’s Government and the Bank on parity basis from 2013 to 2015.

18 June 2013

Kazakhstan government hopes for 6-percent economy growth in 2013 The crisis and the recession are still in the act and not everything is going well at the global markets: Serik Akhmetov.

17 June 2013

Kazakhstan National Fund to publish expenses Reports on expenditures of the National Fund of Kazakhstan are to be published on the Internet to ensure transparency of the money use.

17 June 2013

Kazakhstan GDP grows 5 percent in January-May 2013 GDP growth made 5 percent in January-May 2013, which is 0.2 percent higher than in January-April this year: Minister.

11 June 2013

TENGRI LIFE

TENGRI TRAVEL

Central Bank Governor on Kazakhstan’s foreign debt In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.

06 June 2013

IMF admits 'notable failures' in 2010 Greece rescue The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.

06 June 2013

Toxic Assets Fund has been slow to buy out toxic assets: Central Bank Governor Kazakhstan’s banks should sell their NPLs at a reasonable discount (…) they had better not concentrate on such NPLs; let the Toxic Assets Fund deal with them: Gregory Marchnko.

06 June 2013

Central Bank Governor on devaluation of the national currency, the Tenge According to him, since February 2009 the Tenge has grown against the Dollar by 12%.

06 June 2013

Global economy may be in 'softer patch': Lagarde The head of the International Monetary Fund, Christine Lagarde, warned Tuesday the global economy may be slowing more than thought just over a month ago.

05 June 2013

US Treasury implements measure to avoid new debt The US Treasury Friday stopped re-investing in a retirement fund, a major step in its efforts to avoid exceeding the debt ceiling.

02 June 2013

EU, IMF, praise Greek progress battling debt Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.

01 June 2013

UBS France placed under investigation Paris investigators placed the French branch of Swiss bank UBS under formal investigation Friday on suspicion it helped try to persuade rich French clients to open undeclared accounts in Switzerland.

01 June 2013