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Former Microsoft CEO Steve Ballmer. ©REUTERS/Lucas Jackson
Former Microsoft CEO Ballmer discloses Twitter stake

Former Microsoft chief executive Steve Ballmer disclosed that he has taken a four percent stake in Twitter, expressing confidence in the messaging platform's new management team.

Former Microsoft CEO Ballmer discloses Twitter stake
Greece adopts more painful reforms demanded by creditors
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.

Greece adopts more painful reforms demanded by creditors
Greece reaches deal with creditors: government source
Greece reaches deal with creditors: government source

Greece has reached a deal on a multi-billion bailout with its international creditors after marathon talks.

Greece reaches deal with creditors: government source
Photo courtesy of alphacoders.com
Loans in dollars are dangerous: head of Kazkom

Chairman of the Board of of Kazkommertsbank said that issuing and obtaining loans in dollars in Kazakhstan was dangerous.

Loans in dollars are dangerous: head of Kazkom
©Tengrinews
Kazakhs bore into microcredits amid shortage of tenge in banks

Kazakhstanis are now increasingly relying on services of microfinance organisations due to the shortage of tenge in banks.

Kazakhs bore into microcredits amid shortage of tenge in banks
Greece draws up reforms as emergency debt meeting looms
Greece draws up reforms as emergency debt meeting looms

Greece's radical new government was fine-turning details of a controversial reform deal it hopes to seal with sceptical EU creditors at critical talks.

Greece draws up reforms as emergency debt meeting looms
Tengrinews file photo
Kazakh banks experiencing tenge shortages

Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.

Kazakh banks experiencing tenge shortages
©Tengrinews illustration
Kazakh farmers face stringent loan terms, development of agribusiness inhibited

There are several financial constraints for achieving development of Kazakhstan's agriculture, experts say. Alleviating these is necessary to boost the industry and make Kazakhstan-made products competitive internationally.

Kazakh farmers face stringent loan terms, development of agribusiness inhibited
©REUTERS
Kazakh banks misusing National Fund money to be fined

Chairman of Damu Fund Lyazzat Ibragimova said that banks would face penalties in case they misuse the National Fund's resources.

Kazakh banks misusing National Fund money to be fined
© Tengrinews
Consumer loans in Kazakhstan reach 2.3 trillion Tenge

Consumer credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.

Consumer loans in Kazakhstan reach 2.3 trillion Tenge
Ekibastuz GRES-2. ©gres2.kz
China and Russia to spend $400 million on Kazakhstan power plant

China and Russia will provide 400 million dollars for construction of Ekibastuz GRES-2 Power Plant in Kazakhstan.

China and Russia to spend $400 million on Kazakhstan power plant
Japan retains status as top creditor nation
Japan retains status as top creditor nation

Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.

Japan retains status as top creditor nation
Venezuela moves to relieve toilet paper shortage
Venezuela moves to relieve toilet paper shortage

Venezuela's National Assembly on Tuesday approved a $79 million credit to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state.

Venezuela moves to relieve toilet paper shortage
Iron ore mine. ©REUTERS
S&P warns of little iron ore respite for miners

Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.

S&P warns of little iron ore respite for miners
©REUTERS
Moody's holds Spain rating pending eurozone moves

Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.

Moody's holds Spain rating pending eurozone moves
©REUTERS/Sean Gardner
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.

Visa, MasterCard to pay billions in card-fee suit
©REUTERS
Astana gets Moody's Baa3 rating with stable outlook

Moody’s International rating agency assigned Astana a positive issuer rating of Baa3 with stable outlook.

Astana gets Moody's Baa3 rating with stable outlook
Photo courtesy of kp.ru
Trial over Kazakhs accused on fraud to start in the U.S.

Trial over Kazakhstan citizens accused of credut card fraud will start in the U.S.

Trial over Kazakhs accused on fraud to start in the U.S.
©REUTERS
Moody's set conditions Kazakhstan is to meet for rating

Moody’s will upgrade the credit rating of Kazakhstan if it improves diversification of the economy and enhance its banking regulation.

Moody's set conditions Kazakhstan is to meet for rating
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