News about finance

Greece 'confident' of paying IMF on time: govt source Greece will meet its financial obligations to the IMF, easing speculation that Athens could default on its debts with unknowable consequences for global markets.

04 April 2015

KazKommertsBank names new Chairman of Directors Board and Chairman of Management Board The Board of Directors of KazKommertsBank has named the new Chairman of the Board of Directors and the new Chairman of the Management Board.

01 April 2015

Soros ready to pour $1 bn into Ukraine US financier George Soros said Monday he was ready to invest $1 billion in Ukraine if the West promised to help the embattled country.

30 March 2015

Greece seeks 'happy ending' as creditors mull loan deal Greek Prime Minister Alexis Tsipras said in remarks published he hoped key talks with international creditors would yield a "happy ending".

30 March 2015

Kazakh banks may benefit from tenge devaluation: experts Experts share their views on the possible implications of devaluation of the tenge for Kazakhstani banks.

24 March 2015

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.

21 March 2015

British PM creates fund to curb Russian influence: reports British Prime Minister David Cameron is establishing a fund to help Eastern European states resist pressure from Russia, several media outlets reported.

20 March 2015

Britain awaits critical pre-election budget Britain's coalition government will deliver a highly political budget Wednesday that will set the stage for a knife-edge election battle in 50 days' time.

18 March 2015

KazKom purchases BTA, Kenes Rakishev purchases KazKom 34-year old Kazakh businessman Kenes Rakishev becomes one of KKB's major shareholders as part of the ongoing integration KKB and BTA banks.

12 March 2015

France stuck in deflation in February: official The French economy, the second largest in the eurozone, remained stuck in deflation in February, according to official figures published.

12 March 2015

KazMunaiGas Exploration and Production profits falls by 67 percent in 2014 Profits of Kazakhstan's largest oil production company fall in 2014.

11 March 2015

Head of Kazakh bank tags tenge deficit artificial Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.

07 March 2015

India pledges $137 bn to modernise railways India said it would spend $137 billion to modernise its crumbling railways, pledging to end a vicious cycle of under-investment.

26 February 2015

Moody's downgrades Russia debt to 'junk' level Moody's cut Russia's debt rating by one notch into 'junk' territory, saying the Ukraine crisis and the fall in oil prices and the ruble will further undermine Russia's economy.

21 February 2015

Greece eyes pain-free EU loan deal Greece was expected to bid for extra debt crisis aid from the EU without strings attached, ahead of a closely-watched ECB meeting on the country's emergency funds.

18 February 2015

Greece handed ultimatum as eurozone bailout talks collapse Eurozone ministers have handed Greece an ultimatum to request an extension to its bailout programme after crunch talks collapsed.

17 February 2015

French MPs to vote on controversial reform plan Millions of tourists in Paris will be able to shop all-week long if French MPs pass a controversial set of reforms seen as vital to unblock its stuttering economy.

17 February 2015

Greece, eurozone thrash out high-stakes debt rescue changes Greece goes into talks with its eurozone partners demanding changes to a massive international bailout.

16 February 2015

Kazakh Central Bank Governor speaks tenge liquidity and de-dollarization Governor of the National Bank of Kazakhstan Kairat Kelimbetov speaks about the state of the financial market in Kazakhstan and what the government will do about it.

15 February 2015

Kazakhstan to return 4.1 billion tenge of VAT payments to ArcelorMittal Temirtau The Taxation Department of Karaganda Oblast has began a check to confirm the outstanding debt of Kazakhstan tax authorities to ArcelorMittal Temirtau.

13 February 2015

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