More Russian banks to enter Kazakh market: Eurasian Economic CommissionMinister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov spoke about the mutual Kazakh-Russian financial market and the possibility of increasing the number of Russian banks in Kazakhstan, as well as the prospects of Kazakh banks entering the Russian market.
Kazakh deputies outraged at risky investments of Single Pension FundKazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
India seen holding rates to guard against inflationIndia's central bank will keep interest rates on hold as it awaits more proof that stubborn high inflation is headed downward in Asia's third-largest economy.
Central bank cleans the house in Kazakhstan’s banking sectorKazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
Cyber attacks on US businesses, banks mountingInvestigators were digging to find who initiated and what was taken in an apparent hacker effort this month to penetrate the systems of US banks.
Russia's stocks soar after avoiding delistingThe 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.
11 August 2014
US and Europe hit Russia with toughest sanctions yetThe 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.
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