News about finance

Central bank cleans the house in Kazakhstan’s banking sector Kazakhstan 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.

17 September 2014

S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook Senior Director at Standard & Poor's Sovereign Ratings division Christian Esters talks about Kazakhstan's rating outlook and downgrade of GDP growth forecast.

15 September 2014

Cyprus fears next tranche of bailout funds at risk Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.

12 September 2014

Kazakhstan expands Tenge to US Dollar exchange rate corridor Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.

10 September 2014

Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov Head of Kazakhstan National Bank Kairat Kelimbetov spoke about the stages of development of Islamic finance in Kazakhstan.

05 September 2014

Daulet Yergozhin appointed new Chairman of Kazakhstan's Revenue Committee Daulet Yergozhin has been appointed the Head of the Revenue Committee at the Ministry of Finance of Kazakhstan.

24 August 2014

Alliance Bank debt restructuring talks break stalemate Alliance Bank of Kazakhstan has agreed the basic terms of restructuring of its $1.2 billion debt.

15 August 2014

National Bank able to maintain tenge exchange rate for at least one year: expert Tengrinews asked several experts about their opinions on the risks related to Kazakhstan's national currency - the tenge.

07 August 2014

Financial Police abolished in Kazakhstan Kazakhstan has abolished its Financial Police. President Nazarbayev made the announcement.

06 August 2014

Russia may stop financing Baikonur in 2016 Russian Finance Ministry might stop financing Baikonur cosmodrome in 2016.

04 August 2014

Kazakhstan to toughen monetary policies should pressure on Russian ruble persist Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.

01 August 2014

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

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