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Finance

Saxo Bank makes Kazakh tenge and oil forecasts Saxo Bank makes Kazakh tenge and oil forecasts Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.
05 April 2016
Brazil debates economic cost of corruption investigation Brazil debates economic cost of corruption investigation Brazil's former president Luiz Inacio Lula da Silva is warning that the Petrobras corruption probe is paralyzing the Brazilian economy.
28 March 2016
Weakest return for Norway sovereign wealth fund since 2011 Weakest return for Norway sovereign wealth fund since 2011 The world's biggest sovereign wealth fund, Norway's public pension fund, posted a 2.7-percent return in 2015 owing to real estate and the global stock market recovery.
09 March 2016
India pledges billions for farmers in 'populist' budget India pledges billions for farmers in 'populist' budget India’s government pledged billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget.
29 February 2016
'Bad bank' deal could be option for several countries: EU banking resolution chief 'Bad bank' deal could be option for several countries: EU banking resolution chief A state-backed "bad bank" that would take over non-performing loans from a country's banks could also be an option for other countries.
17 February 2016
EU seals bad loans accord with Italy EU seals bad loans accord with Italy Italy and the European Union on Tuesday reached agreement on creating a guarantee vehicle to help Italian banks sell bad loans.
27 January 2016
Tenge slides 100% in 5 months; what next for Kazakhstan? Tenge slides 100% in 5 months; what next for Kazakhstan? Amid falling oil prices and tenge exchange rate fluctuations, experts are wary to predict Kazakhstan's future.
22 January 2016
Interest rates on deposits in tenge raised in Kazakhstan Interest rates on deposits in tenge raised in Kazakhstan In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.
21 January 2016
Inflation in Kazakhstan makes 13.6% in 2015 Inflation in Kazakhstan makes 13.6% in 2015 Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.
05 January 2016
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Inflation in Kazakhstan nears 13%, central bank admits Inflation in Kazakhstan nears 13%, central bank admits Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.
28 December 2015
Oil price slump forces Azerbaijan to stop propping up currency Oil price slump forces Azerbaijan to stop propping up currency Energy-rich Azerbaijan, whose economy has been hit hard by falling oil prices, withdrew support Monday for its embattled currency and the manat plunged by nearly a third against the dollar.
22 December 2015
EU, Turkey agree 3bn euro aid deal to stem migrant crisis: Tusk EU, Turkey agree 3bn euro aid deal to stem migrant crisis: Tusk The European Union and Turkey agreed on a deal to stem the migrant crisis, including a three-billion-euro ($3.2-billion) aid package for Syrian refugees in Turkey.
30 November 2015
American billionaire Jim Rogers considers investing in Kazakhstan American billionaire Jim Rogers considers investing in Kazakhstan American billionaire Jim Rogers is thinking about investing in Kazakhstan, a country he visited in October.
27 November 2015
Obama vows better trade ties with new Argentine leader Obama vows better trade ties with new Argentine leader US President Barack Obama sought to capitalize on Mauricio Macri's election to open a new, less contentious chapter in relations with Argentina.
26 November 2015
Russia sanctions could be lifted if it meets Ukraine commitments: French PM Russia sanctions could be lifted if it meets Ukraine commitments: French PM Sanctions against Russia over its involvement in the Ukraine crisis could be lifted if Moscow fulfils commitments it made to help resolve the conflict, French Prime Minister Manuel Valls said.
26 November 2015
Pegging or no pegging: tenge in new monetary policy Pegging or no pegging: tenge in new monetary policy Experts believe, the financial sector of Kazakhstan has not reached a complete freedom from pegging to the US dollar.
24 November 2015
Kazakhstan revises 2015 inflation rate forecast Kazakhstan revises 2015 inflation rate forecast Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.
23 November 2015
Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion Depreciation of tenge contributes to de-dollarization of Kazakh-Russian trade: opinion According to Mikhail Khazin, parity between the Russian ruble and the Kazakh tenge contributes to de-dollarization of trade between Kazakhstan and Russia.
23 November 2015
Barclays fined another $150 mn over forex 'misconduct' Barclays fined another $150 mn over forex 'misconduct' New York's financial regulator announced another $150 million fine against British bank Barclays over its "misconduct" in foreign exchange services offered to clients.
19 November 2015
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