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Finance - страница 5

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We are approaching a more severe crisis than the one we faced back in 2007-2009: President Nazarbayev According to him, due to falling global prices for hydrocarbons, budget revenues have dropped by 40%. Besides, global prices are falling for major Kazakhstan’s commodities.

20 October 2015

Brazil finance minister to keep job: president Brazilian President Dilma Rousseff sprang to the defense of her embattled finance minister, saying she would not be pressured into sacking him.

19 October 2015

Troubled Deutsche Bank announces sweeping restructuring Scandal-plagued Deutsche Bank, Germany's biggest lender, announced a major business and management shake-up that would "fundamentally change" its leadership structure.

19 October 2015

Greece adopts more painful reforms demanded by creditors Greece's parliament narrowly adopted further reforms demanded by the country's international creditors in return for further bailout funds.

17 October 2015

Putin asks IMF to help Ukraine pay off $3 billion debt to Russia President Vladimir Putin called on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia.

14 October 2015

Current tenge exchange rate is adequate: Kazakhstan central bank Governor Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.

08 October 2015

EU warns Spain on budget as election nears The European Commission warned Spain to scale back government overspending that is in violation of EU budget rules or risk an embarrassing reprimand ahead of December elections.

06 October 2015

Kazakhstan National Bank raises base interest rate to 16% The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.

05 October 2015

Brazil president reshuffles cabinet to avert disaster Brazilian President Dilma Rousseff ordered a government reshuffle, axing eight ministries in what was announced as a cost-cutting measure but seemed aimed at ending political paralysis.

03 October 2015

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ADB predicts Kazakhstan's GPD to slow down to 1.5 percent in 2015 ADB lowered its forecast for Kazakhstan's economic growth expecting a decrease in private consumption in response to higher import prices and diminished private investment.

30 September 2015

Germany pledges 100 mln euros for refugees Germany committed an additional 100 million euros ($113 million) to UN agencies to improve assistance for refugees in their home regions.

30 September 2015

Kazakh tenge per US dollar exchange rate forecast In September, the US dollar rate in Kazakhstan will fluctuate in the range of 265-295 tenge per one US dollar, according to Anna Bodrova.

25 September 2015

Why intervene with tenge free float? Deputy Chairman of the National Bank of Kazakhstan Kuat Kozhakhmetov has commented on the recent interventions of the financial regulator.

25 September 2015

Impact of China slowdown bigger than expected: IMF chief The impact of China's economic slowdown on the global economy is bigger than previously thought, the head of the International Monetary Fund said.

23 September 2015

Standard & Poor's affirms Kazakhstan's credit rating at BBB Kazakhstan's credit rating remains at BBB with a negative outlook, according to S&P's latest report.

21 September 2015

Moody's downgrades France rating citing slow growth Moody's cut France's sovereign debt rating one notch to Aa2, saying the country will struggle with slow growth and a high debt burden for the next five years.

19 September 2015

Kazakhstan’s Central Bank Governor on interventions into FX market Currency interventions September 16 totaled $144 million. September 17 the figure stood at 270.4 million, falling to 67.2 million September 18.

19 September 2015

In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance Kazakh Minister of Finance Bakhyt Sultanov said that salaries of Kazakhstanis should not depend on tenge per dollar exchange rate.

18 September 2015

Kazakh central bank intervenes in FX market to stabilize tenge The National Bank of Kazakhstan has made exchange rate interventions to stabilize the tenge.

17 September 2015