Kazakhstani experts comment on Bank of American Merrill Lynch placing the Central Asian country among ten countries most vulnerable to a sovereign default.
The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
The world economy needs more productive investment and less in speculative assets, which in many cases are now overvalued and pose big stability risks.
An unprecedented operation to refloat the shipwrecked Costa Concordia was set to begin Monday in Italy, with salvage workers attempting to raise the rusty liner from its watery grave on the shores of a rugged Tuscan island.
Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.
A secret Brazilian government report lists several security "risks" in having the country host of the World Cup this year, including political protest and strikes.