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Why intervene with tenge free float? 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 18:47
Impact of China slowdown bigger than expected: IMF chief 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 11:36
Standard & Poor's affirms Kazakhstan's credit rating at BBB 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 20:32
Moody's downgrades France rating citing slow growth 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 15:16
Kazakhstan’s Central Bank Governor on interventions into FX market 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 01:16
In Kazakhstan salaries depend on labor productivity, not on dollar exchange rate: Minister of Finance 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 15:42
Kazakh central bank intervenes in FX market to stabilize tenge 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 15:43
Olzhas Khudaibergenov on currency interventions Olzhas Khudaibergenov on currency interventions Wednesday, September 16, the country’s Central Bank had to resort to currency interventions worth $114 million to sustain the tenge exchange rate.
17 September 2015 01:38
World Bank warns of more turbulence from Fed tightening World Bank warns of more turbulence from Fed tightening The World Bank warned that monetary policy tightening by the Federal Reserve could spur a "perfect storm" of threats to growth and financial stability in developing economies.
16 September 2015 12:42
TENGRI LIFE
TENGRI TRAVEL
Seven steps advised to Kazakhstan government after devaluation of national currency Seven steps advised to Kazakhstan government after devaluation of national currency National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.
08 September 2015 20:25
Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev Devaluation necessary for restoration of Kazakh currency market: Bolat Zhamishev Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.
08 September 2015 15:38
Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science Teachers’ salaries will be increased by 20-50% depending on the qualifications.
08 September 2015 15:12
IMF chief says 'extremely encouraged' by Ukraine reforms IMF chief says 'extremely encouraged' by Ukraine reforms IMF chief Christine Lagarde heaped praise on Ukraine's reform efforts in a visit to Kiev following a deal to restructure the country's debt burden.
07 September 2015 13:34
Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate Capital outflow to neighboring Russia totaled $11 billion in 2014 due to efforts to maintain tenge exchange rate The part of the country’s FX and gold reserves spent earlier to maintain the tenge exchange rate [before the decision was taken August 20 to let the tenge float freely] was actually spent to bolster Russia’s economy: Halyk Bank Head.
03 September 2015 23:58
Rousseff says Brazil will try to get out of first budget deficit Rousseff says Brazil will try to get out of first budget deficit After presenting Brazil's first ever budget deficit, President Dilma Rousseff promised that her government will work hard to get back in the black.
03 September 2015 13:44
How new monetary policy will affect country’s banking system How new monetary policy will affect country’s banking system Under such circumstances minor players of the market might opt for merging into bigger entities: Mr. Olzhas Khudaibergenov, Head of the Center for Macroeconomic Studies.
03 September 2015 00:22
Asia doing "pretty well" despite China slowdown: IMF chief Asia doing "pretty well" despite China slowdown: IMF chief International Monetary Fund chief Christine Lagarde declared Asian economies were doing "pretty well" despite the volatility caused by China's slowdown.
02 September 2015 13:02
France's economy minister stumbles on 35-hour-week, again France's economy minister stumbles on 35-hour-week, again France's divisive economy minister has once again made waves among Socialists by criticising the country's sacrosanct 35-hour week just as the ruling party gathers for its annual conference.
28 August 2015 17:48
Europe has 'means to resist' impact of China crisis: EU economics commissioner Europe has 'means to resist' impact of China crisis: EU economics commissioner EU Economic Affairs Commissioner Pierre Moscovici said that Europe had the "means to resist" the impact of China's slowing economy.
28 August 2015 10:51
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