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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.

30 July 2014

New deputy finance minister in Kazakhstan New deputy finance minister has been appointed in Kazakhstan.

29 July 2014

With new default looming, Argentina urges calm Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.

29 July 2014

Samruk-Kazyna withdraws from Temirbank Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.

07 July 2014

Pension reform may spawn shadow economy in Kazakhstan: expert The new coil of the pension reform in Kazakhstan may create a spike in the shadow economy.

03 July 2014

Facebook shares to be traded at Kazakhstan Stock Exchange Facebook is going to be listed at the Kazakhstan Stock Exchange (KASE) by the end of this year.

01 July 2014

Japan tax hike boosts inflation, hurts spending in May Inflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.

27 June 2014

Experts challenge legalization effect on capital flight from Kazakhstan The upcoming property legalization in Kazakhstan has received a mixed assessment of its effectiveness for combating capital flight offshore from several experts.

25 June 2014

New debt would be 'worst possible' error in EU: Schaeuble Running up new debt would be "the worst possible" thing to do, German Finance Minister Wolfgang Schaeuble said on Tuesday as a debate resurfaces over an easing of EU fiscal rules.

24 June 2014

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.

23 June 2014

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.

22 June 2014

American Airlines, owed $750 mn, trims flights to Venezuela American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.

18 June 2014

Kazakhstan GDP growth slows down: S&P Standard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.

18 June 2014

$210 million needed now for Bosnia floods: UN The United Nations estimates it will cost $210 million to cover immediate priority needs for the next six months in Bosnia, alone, after devastating floods hit the region, an official said.

10 June 2014

Over $1.5 billion embezzled in Kazakhstan since 2013: Financial Police Nearly 300 billion tenge ($1.6 billion) has been embezzled in Kazakhstan since 2013.

06 June 2014

No deficit of tenge bills in Kazakhstan: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.

06 June 2014

Almaty is Eurasian Union's Frankfurt in the making: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov declared that Almaty is Eurasian Union's Frankfurt in the making.

05 June 2014

Australians lose $100 million in coins each year Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.

05 June 2014

Eurasian Union to stabilize Tenge: Kazakh minister Idrissov The new Treaty establishing the Eurasian Economic Union raises concerns about stability of Kazakhstan's national currency, the tenge, among the representatives of foreign diplomatic missions in Astana.

02 June 2014

Drastic change in the world financial system required: Nazarbayev There is a need to rethink the global financial system, the Kazakhstan president declared at the VII Astana Economic Forum.

28 May 2014

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