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©Turar Kazangapov
Nazarbayev explains reasons for switching to floating exchange rate

Nazarbayev has elaborated on the reasons behind Kazakhstan's decision to send its tenge floating.

Nazarbayev explains reasons for switching to floating exchange rate
©REUTERS
Experts comment on Kazakhstan's decision to abandon control of tenge

Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.

Experts comment on Kazakhstan's decision to abandon control of tenge
Photo courtesy of gu-unpk.ru.
Making sense of Kazakhstan's decision to float tenge

Kazakhstan tenge plunged to its record low after the country floated it, renouncing the set corridor and adopting inflation targeting.

Making sense of Kazakhstan's decision to float tenge
©hitch.kz
Kazakh currency falls 23 percent after switch to free-float

Energy-rich Kazakhstan announced it was abandoning its currency band for a free-floating exchange rate, in a move that triggered a 23-percent fall in the value of the tenge against the US dollar.

Kazakh currency falls 23 percent after switch to free-float
Greece repays 3.4 bn euros to European Central Bank: source
Greece repays 3.4 bn euros to European Central Bank: source

Greece has repaid 3.4 billion euros ($3.79 billion) due to the European Central Bank, a source close to the Greek government said after the launch of a massive new reforms-for-bailout deal.

Greece repays 3.4 bn euros to European Central Bank: source
Greek PM wants European parliament to join creditors quartet
Greek PM wants European parliament to join creditors quartet

Greek Prime Minister Alexis Tsipras asked that the European Parliament (EP) join the group of creditors overseeing the recently-approved bailout deal.

Greek PM wants European parliament to join creditors quartet
Dutch PM grilled on Greece, beats no-confidence bid
Dutch PM grilled on Greece, beats no-confidence bid

Dutch Prime Minister Mark Rutte received a grilling in parliament for his cabinet's support for debt-ridden Greece's third international bailout.

Dutch PM grilled on Greece, beats no-confidence bid
Tianjin blasts echo across economy
Tianjin blasts echo across economy

The economic impact of the Tianjin explosions could reverberate for months.

Tianjin blasts echo across economy
Spanish parliament approves new Greece bailout
Spanish parliament approves new Greece bailout

Spanish lawmakers overwhelming approved Greece's third bailout package following a debate in parliament which the ruling party used to defend its economic record.

Spanish parliament approves new Greece bailout
Japan economy's contraction a blow for 'Abenomics'
Japan economy's contraction a blow for 'Abenomics'

Japan's economy contracted last quarter, boosting speculation the central bank will be forced to unleash more stimulus as Tokyo's "Abenomics" growth blitz stumbles.

Japan economy's contraction a blow for 'Abenomics'
Germany touts Greek change of heart ahead of key bailout vote
Germany touts Greek change of heart ahead of key bailout vote

German Chancellor Angela Merkel and her hardline Finance Minister Wolfgang Schaeuble on Sunday hailed a dramatic change in Greece's approach to its debt crisis.

Germany touts Greek change of heart ahead of key bailout vote
IMF warns of 'disorderly correction' if China reform slows
IMF warns of 'disorderly correction' if China reform slows

The IMF warned that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform program slows.

IMF warns of 'disorderly correction' if China reform slows
Eurozone approves Greek bailout accord worth up to 86 bn euros: official
Eurozone approves Greek bailout accord worth up to 86 bn euros: official

Eurozone finance ministers approved Friday a third debt bailout worth up to 86 billion euros to keep Greece afloat and avoid its chaotic exit from the single currency bloc.

Eurozone approves Greek bailout accord worth up to 86 bn euros: official
Kazakh experts Marat Shibutov, Yerlan Karin and Dosym Satpayev ©Tengrinews.kz
Advantages and disadvantages of Kyrgyzstan's accession into EEU

Kazakhstani political analysts discuss advantages and disadvantages of Kyrgyzstan's accession into the Eurasian Economic Union.

Advantages and disadvantages of Kyrgyzstan's accession into EEU
China's long march to currency reform takes a step forward
China's long march to currency reform takes a step forward

China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.

China's long march to currency reform takes a step forward
Greece's Tsipras says German plan 'would lead to crisis without end'
Greece's Tsipras says German plan 'would lead to crisis without end'

Greek Prime Minister Alexis Tsipras warned that a German proposal to give his debt-ridden country a bridging loan rather than agree a new bailout would be "a return to a crisis without end".

Greece's Tsipras says German plan 'would lead to crisis without end'
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
Greek PM sees bailout deal after August 15
Greek PM sees bailout deal after August 15

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed that Athens and its international creditors "can and must" reach a bailout deal after August 15.

Greek PM sees bailout deal after August 15
Sisi to unveil 'new Suez Canal' as Egypt makes history
Sisi to unveil 'new Suez Canal' as Egypt makes history

President Abdel Fattah al-Sisi inaugurates a "new" Suez Canal in a lavish and heavily secured ceremony, as Egypt seeks to boost its economy and international standing.

Sisi to unveil 'new Suez Canal' as Egypt makes history
Nursultan Nazarbayev. Photo © Turar Kazangapov
Nazarbayev ratifies Kyrgyzstan's accession to EEU

President of Kazakhstan Nursultan Nazarbayev has signed the ratification of the agreement on Kyrgyzstan's joining to the Eurasian Economic Union (EEU).

Nazarbayev ratifies Kyrgyzstan's accession to EEU