News about finance

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 15:47

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 16:16

Kazakhstan intends to increase salaries and allowances Salaries of civil employees working in public institutions and social allowances will be increased in Kazakhstan from April 1, 2014.

16 February 2014 12:37

Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014 02:05

Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.

13 February 2014 17:55

Dedollarization of Kazakh mentality: Governor of National Bank The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

13 February 2014 16:24

Kazakhstan's central bank sets tenge exchange rate to 163.9 per $1, but no second-tier banks bother Average weighted exchange rate of tenge against dollar equaled to 163.9 tenge per dollar.

12 February 2014 14:58

Dollar explodes in Kazakhstan: 200 tenge per dollar Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.

11 February 2014 20:31

World's richest man would still pick up a $100 bill The world's wealthiest man Bill Gates would still pick up a $100 bill on the street, but he has no tips about how to get by on less than $100,000 a year.

11 February 2014 13:02

Money and pride keep families apart at China New Year As millions join the world's largest annual human migration, some in China will not return home for the Lunar New Year, fearing the rising costs of seasonal gifts and ridicule from their families.

29 January 2014 18:00

British MPs criticise Queen's household finances British lawmakers on Tuesday urged Queen Elizabeth II's royal household to do more to reduce running costs and produce clearer plans for the monarch's financial future.

28 January 2014 13:31

Microsoft tops expectations with record revenue Microsoft soared to record revenues in the last quarter, confounding Wall Street forecasts on the back of strong demand for Xbox consoles, Surface tablets and Internet "cloud" services.

24 January 2014 15:02

Kazakhstan President meets Sir Suma Chakrabarti of EBRD As of the end of 2013 the package of projects in Kazakhstan totaled about $450-500 million.

24 January 2014 09:55

Venezuela limits access to dollars at official rate Venezuela said Wednesday it would allow only importers of high priority goods like food to buy dollars at the official rate, forcing others to pay nearly twice that.

23 January 2014 17:24

Chinese leaders' kin stash riches in offshore holdings: probe Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth.

23 January 2014 09:55

France saves 1bn euros on health insurance spending At a time of deep austerityacross Europe, France has managed to spend one billion euros ($1.4 billion) less than expected on health insurance last year.

22 January 2014 16:49

Las Vegas casinos begin accepting Bitcoin Two Las Vegas casinos will become the city's first to accept the Bitcoin virtual currency from this week.

22 January 2014 11:33

MP suggests checking Kazakhstan officials for offshore accounts MPs representing Ak Zhol party in the Parliament suggested to check if Kazakhstan officials had accounts in offshore zones.

21 January 2014 13:10

Foreign charter flights ban causes annual loss of $4.5 million to Almaty airport The Airport of Almaty is loosing $4.5 million annually because of the ban on foreign charter flights from Kazakhstan.

20 January 2014 19:36

More Islamic investments to Kazakhstan The Islamic Corporation for the Development of the Private Sector (ICD) is going to invest into 4 new projects in Kazakhstan in 2014.

17 January 2014 14:48

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