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©Tengrinews
Kazakhstan National Bank explains tenge depreciation and equilibrium rate

Kazakh National Bank Governor Akishev talks about mechanisms behind depreciation of the tenge and central bank’s role in shaping Kazakhstan

Kazakhstan National Bank explains tenge depreciation and equilibrium rate
©Turar Kazangapov
Inflation in Kazakhstan nears 13%, central bank admits

Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

Inflation in Kazakhstan nears 13%, central bank admits
British Prime Minister David Cameron. RIA Novosti©
Britain's Cameron to pledge extra £12 billion for defence

British Prime Minister David Cameron is to promise an additional £12 billion to strengthen the defence forces when he unveils a five-year strategic review on Monday.

Britain's Cameron to pledge extra £12 billion for defence
Barclays fined another $150 mn over forex 'misconduct'
Barclays fined another $150 mn over forex 'misconduct'

New York's financial regulator announced another $150 million fine against British bank Barclays over its "misconduct" in foreign exchange services offered to clients.

Barclays fined another $150 mn over forex 'misconduct'
Japan dips into recession in stumble for 'Abenomics'
Japan dips into recession in stumble for 'Abenomics'

Japan's economy slipped into recession for the second time since Prime Minister Shinzo Abe came to power nearly three years ago.

Japan dips into recession in stumble for 'Abenomics'
IMF chief urges Gulf to adapt to sustained oil price drop
IMF chief urges Gulf to adapt to sustained oil price drop

International Monetary Fund chief Christine Lagarde warned that global energy prices could remain low for years and urged Gulf countries to adjust their budgets.

IMF chief urges Gulf to adapt to sustained oil price drop
Moscovici confident of 'compromise' with Greece on remaining reforms
Moscovici confident of 'compromise' with Greece on remaining reforms

The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.

Moscovici confident of 'compromise' with Greece on remaining reforms
Commerzbank plans dividend for 2015 despite drop in Q3 profits
Commerzbank plans dividend for 2015 despite drop in Q3 profits

Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.

Commerzbank plans dividend for 2015 despite drop in Q3 profits
Energy Minister Alexander Novak. ©RIA  Novosti
Russia to open $5 bn Iran credit line: Tehran

Russia plans to open a $5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said during a visit by Moscow's energy minister.

Russia to open $5 bn Iran credit line: Tehran
Deutsche Bank accidentally sent client $6 billion: report
Deutsche Bank accidentally sent client $6 billion: report

Germany's biggest lender Deutsche Bank accidentally sent $6 billion to a client after entering the wrong numbers, Bloomberg News reported.

Deutsche Bank accidentally sent client $6 billion: report
Brazil finance minister to keep job: president
Brazil finance minister to keep job: president

Brazilian President Dilma Rousseff sprang to the defense of her embattled finance minister, saying she would not be pressured into sacking him.

Brazil finance minister to keep job: president
Troubled Deutsche Bank announces sweeping restructuring
Troubled Deutsche Bank announces sweeping restructuring

Scandal-plagued Deutsche Bank, Germany's biggest lender, announced a major business and management shake-up that would "fundamentally change" its leadership structure.

Troubled Deutsche Bank announces sweeping restructuring
Putin asks IMF to help Ukraine pay off $3 billion debt to Russia
Putin asks IMF to help Ukraine pay off $3 billion debt to Russia

President Vladimir Putin called on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia.

Putin asks IMF to help Ukraine pay off $3 billion debt to Russia
EU warns Spain on budget as election nears
EU warns Spain on budget as election nears

The European Commission warned Spain to scale back government overspending that is in violation of EU budget rules or risk an embarrassing reprimand ahead of December elections.

EU warns Spain on budget as election nears
©Turar Kazangapov
Kazakhstan National Bank raises base interest rate to 16%

The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.

Kazakhstan National Bank raises base interest rate to 16%
Britain's Osborne announces shake-up of infrastructure
Britain's Osborne announces shake-up of infrastructure

British finance minister George Osborne is to announce a new cross-party body to reform and speed up planning of major infrastructure projects such as rail links and power stations.

Britain's Osborne announces shake-up of infrastructure
'Who likes to pay tax? You don't, I don't': IMF chief
'Who likes to pay tax? You don't, I don't': IMF chief

The head of the International Monetary Fund, Christine Lagarde, does not enjoy paying taxes and made that clear at a conference in Washington.

'Who likes to pay tax? You don't, I don't': IMF chief
Germany pledges 100 mln euros for refugees
Germany pledges 100 mln euros for refugees

Germany committed an additional 100 million euros ($113 million) to UN agencies to improve assistance for refugees in their home regions.

Germany pledges 100 mln euros for refugees
Impact of China slowdown bigger than expected: IMF chief
Impact of China slowdown bigger than expected: IMF chief

The impact of China's economic slowdown on the global economy is bigger than previously thought, the head of the International Monetary Fund said.

Impact of China slowdown bigger than expected: IMF chief
Standard & Poor's affirms Kazakhstan's credit rating at BBB
Standard & Poor's affirms Kazakhstan's credit rating at BBB

Kazakhstan's credit rating remains at BBB with a negative outlook, according to S&P's latest report.

Standard & Poor's affirms Kazakhstan's credit rating at BBB