Kazakhstan expands Tenge to US Dollar exchange rate corridor
Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.
Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth
As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
Kerviel: 'ordinary' guy behind France's record rogue trade
Rogue trader Jerome Kerviel, who lost his bank nearly five billion euros, paints himself as a simple soul caught up in an orgy of greed.
Cyber attacks on US businesses, banks mounting
Investigators were digging to find who initiated and what was taken in an apparent hacker effort this month to penetrate the systems of US banks.
Alliance Bank debt restructuring talks break stalemate
Alliance Bank of Kazakhstan has agreed the basic terms of restructuring of its $1.2 billion debt.
Russia's stocks soar after avoiding delisting
The shares of Russia's two biggest banks soared after avoiding being delisted from a top emerging markets index as part of the West's response.
US and Europe hit Russia with toughest sanctions yet
The United States and Europe targeted Russia's key financial, arms and energy sectors Tuesday with tough new sanctions in response to Moscow's intervention in the Ukraine crisis.
Bank of Cyprus completes $1 bn private share placement
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
Cautious Royal Bank of Scotland reports sharp recovery
Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
BRICS create development bank, 'mini-IMF'
The BRICS group of emerging powers created a Shanghai-based development bank and a reserve fund seen as alternatives to Western-led institutions.
Bank of Japan holds off fresh stimulus, says economy recovering
The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike.
Softbank in deal to merge Sprint, T-Mobile: report
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
Samruk-Kazyna withdraws from Temirbank
Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.
KazKom launches PayPass in Kazakhstan
Kazkommertsbank has launched a contactless payment system that uses mobile phones in Kazakhstan.
G20 lagging on growth targets: Australia
Reforms proposed to lift global growth in line with a target set by the world's biggest economies earlier this year are so far falling short, Australian Treasurer Joe Hockey said.
Kazakh VIce-PM about foreign debt
Kazakhstan's Vice Prime Minister and Minster of Finance Bakhyt Sultanov reported to the Parliament about the measures the government was planning to use to reduce the foreign debt of the country.
Steel rods plant launched in Kostanay
Steel rods plant Evraz Caspian Steel has been unveiled in Kostanay.
Japan's Q1 growth fastest in more than two years
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
Kazakhstan banks exposed to high forex risk: S&P
Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.
Kazahstani banks initiate WhatsApp call-center services
Kazakhstani banks are starting to provide consultations over WhatsApp.