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Finance - страница 61

National Bank’s Governor doesn’t rule out further slashing down the key rate In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.

25 July 2012

Kazakhstan to shortly ban Ponzi schemes The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.

25 July 2012

National Oil Fund’s average annual earning capacity stands at 4.51% The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.

25 July 2012

Euro inches off multi-year lows in Asian trade The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis.

25 July 2012

Huge money spin in Kazakhstan's shadow economy The turnover of Kazakhstan’s shadow economy has amounted not to even to dozens but to hundreds of millions of dollars in the last 5 years.

25 July 2012

Moody's cuts Germany outlook Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."

24 July 2012

China’s investments to Kazakhstan standing at $13 billion According to China’s statistics, trade turnover last year reached $24.95 billion, 22% up against 2010.

24 July 2012

Indonesia's weakening rupiah raises concerns Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.

24 July 2012

Euro falls to lowest against yen in over a decade The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.

23 July 2012

TENGRI LIFE

TENGRI TRAVEL

Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.

21 July 2012

Businessman suspected of fraud against Kazakhstan pension fund in Canada Ontario Securities Commission filed quasi-charges to a businessman in alleged fraud involving Kazakhstan pension fund.

20 July 2012

Kazakhstan GDP grew 7-fold in 9 years Last year’s GDP per capita made $11 thousand, which is 650 percent more than in 2002.

19 July 2012

China doubles loans to Africa to $20 billion President Hu Jintao said Thursday China would offer $20 billion in new loans to Africa, as he delivered a speech to a Beijing forum on co-operation with the resource-rich continent.

19 July 2012

Heat and drought ravage US breadbasket There was no end in sight Tuesday to the blistering heatwave baking much of the United States that has farmers mulling cutting down crucial crops and sent grain prices skyrocketing.

18 July 2012

Visa, MasterCard to pay billions in card-fee suit Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.

14 July 2012

Economic crisis will not hit Kazakhstan until 2014: expert Expert of the Institute of Economic Research expressed his opinion on the effect of the global economic crisis on Kazakhstan.

14 July 2012

Euro under pressure as Moody's lowers Italy bond rating The euro was under fresh selling pressure to fall below $1.22 in Asia trade on Friday after ratings agency Moody's on Friday downgraded Italy's government bond rating.

13 July 2012

South Korea unexpectedly cuts key interest rate South Korea's central bank unexpectedly cut its key interest rate Thursday for the first time in more than three years, joining international moves to ease the impact of the eurozone debt crisis.

13 July 2012

Kazakhstan's H1 2012 GDP growth estimated at 5.6% Kazakhstan national GDP is expected to grow by 7% in 2012, Kazakhstan’s President Nursultan Nazarbayev had stated when speaking at the V Astana Economic Forum May 23.

12 July 2012