News about finance

Japan says Bitcoin not a currency, but taxable Bitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit.
08 March 2014
TAIB Bank changes name to Capital Bank TAIB Kazakh Bank has changed its name to Capital Bank Kazakhstan after changing hands.
06 March 2014
Singapore world's costliest city: survey The soaring cost of cars and utilities as well as a strong currency have made Singapore the world's most expensive city, toppling Tokyo from the top spot.
04 March 2014
Buffett says bitcoin 'not a currency' The Oracle of Omaha is not a believer in bitcoin.
04 March 2014
Kazakhstan to issue Eurobonds The Finance Ministry of Kazakhstan is planning to issue eurobonds in 2014.
28 February 2014
Max Petroleum may be up for sale British Max Petroleum Plc, a Kazakhstan-focused oil and gas exploration and development company, may be on the verge of sale.
26 February 2014
$4 billion worth of food imported in Kazakhstan in 2013 Kazakhstan imported $4 billion worth of food products last year.
25 February 2014
National Fund should provide $5.4 billion to compensate tenge devaluation in Kazakhstan: KazPotrebNadzor The National Fund of Kazakhstan should provide $5.4 billion to support the Kazakhstan economy amid the tenge devaluation: KazPotrebNadzor
25 February 2014
Bank and law firm employees suspected of sparking anti-bank campaign A lawyer of one of the banks and employees of an Almaty-based law firm may be among those who started the anti-bank SMS-campaign.
25 February 2014
Alliance Bank intends to claim damages from misinformers Kazakhstan-based Alliance Bank is going to make the misinformers reimburse the losses, caused by rumours about the bank's bankruptcy.
25 February 2014
TengizChevrOil brings payments to Kazakhstan to $15 billion TengizChevrOil brought its direct payments into the Kazakhstan budget to $15 billion in 2013.
25 February 2014
Kazakhmys to increase wages of its workers Kazakhmys Plc has announced a wages raise for its industrial personnel.
24 February 2014
EIB gives 100 million Euro to Sberbank for SMBs in Kazakhstan The European Investment Bank (EIB) and Sberbank offer new opportunities for small and mid-sized business of Kazakhstan.
24 February 2014
Almaty budget overhaul: Yesimov The Akim (Mayor) of Almaty Akhmetzhan Yesimov talked about overhauling the city budget due to devaluation of tenge.
22 February 2014
US taper should be 'wake-up call' for emerging world: OECD The OECD Friday said the winding down of US monetary stimulus should be a "wake-up call" for emerging economies to accelerate reforms, but Indonesia and South Africa stepped up criticism of the Federal Reserve heading into G20 talks.
22 February 2014
Bitcoin is no way to avoid losses amid devaluation in Kazakhstan Bitcoin is not a good way to save money for Kazakhstanis frantically trying to hedge themselves amid the 20% tenge devaluation.
21 February 2014
Astana to increase social allowances by 16% Social allowances for Astana residents will be increased by 16% starting from April 2014.
21 February 2014
Global tax evasion under G20 scrutiny US Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms.
21 February 2014
Damage dealt to Kazakh banks by SMS-campaign being calculated The Governor of Kazakhstan National Bank Kairat Kelimbetov has commented the mass SMS distribution about the bankruptcy of 3 banks of Kazakhstan.
20 February 2014
InterContinental hotels reports profit plunge, blames tax InterContinental Hotels Group, the world's largest hotel operator by number of rooms, said on Tuesday that annual net profit plunged owing to increased tax charges.
18 February 2014
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