News about finance

Legitimization of assets to bring billions: Kelimbetov Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.
12 May 2014 12:48
Formula One: F1 threatened by cash crisis Formula One faces a serious cash crisis if it does not introduce serious cost-cutting measures, Williams' deputy team-principal Claire Williams warned.
11 May 2014 13:40
Nauru applies for IMF membership The tiny Pacific island nation of Nauru has officially lodged an application for entry to the International Monetary Fund, the global financial body said.
10 May 2014 12:25
Experts forecast mortgage lending revival in Kazakhstan Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.
06 May 2014 13:53
Development Bank of Kazakhstan obtain 500 million euro loan from HSBC Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.
05 May 2014 17:29
Portugal to end EU-IMF bailout with clean break Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.
05 May 2014 12:34
Kazakh central bank grants Rakishev permission to purchase BTA Bank Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
02 May 2014 15:30
Nazarbayev discusses cooperation with Asian Development Bank President Nazarbayev has met with the President of the Asian Development Bank (ADB) Takehiko Nakao to discuss future cooperation.
02 May 2014 11:38
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.
29 April 2014 16:55
KEGOC might float stock this December KEGOC might float its shares at the People’s IPO in Kazakhstan in December 2014.
29 April 2014 01:56
Kazakhstan to halve its banks in 5 years: opinions Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.
29 April 2014 00:45
Nursultan Nazarbayev and EDB Chairman meet in Astana Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.
27 April 2014 22:31
Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.
18 April 2014 19:02
Kazakhstan to cooperate with Bahrain in aluminum production Kazakhstan and Bahrain have signed a memorandum on cooperation in aluminum production at the Bahrain-Kazakhstan: Strategic Partnership business forum.
16 April 2014 22:10
Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.
09 April 2014 17:32
S.Korea opens spot market for physical gold trade South Korea launched a gold trading exchange for the first time on Monday in a bid to help counter the country's burgeoning black market in the precious metal.
25 March 2014 11:49
DBS buys Societe Generale's Asian private banking business Singapore's DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region's super rich.
17 March 2014 14:54
Huge price hikes for Brazil World Cup hotels Football fans heading to Rio for the World Cup will have to pay at least double the going rate for hotel accommodation despite government attempts to limit price-gouging during the tournament.
14 March 2014 18:43
Kazakhstan wants to bring $6 billion out of shadows of its economy The Government of Kazakhstan is considering a package of countermeasures against its off-the-books economy for 2014-2015.
12 March 2014 18:14
Hillary Clinton aide linked to illegal campaign op: report A campaign finance scandal has ensnared a Hillary Clinton aide who court papers show secured illegal funding for a 2008 campaign operation.
12 March 2014 11:25
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