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Kazakh bank BTA halts debt interest payments

ALMATY, July 24 (Reuters) - Kazakhstan's largest bank BTABTAS.KZhas halted interest payments on its debt, the bank, which stopped principal repayments in April, said on Friday.

25 2009 | Viewed: 619 | News / Theme of day | Read full
Kazakh KazMunaiGas H1 profit falls 86 pct

ALMATY, July 22 (Reuters) - Kazakh state oil and gas company KazMunaiGas [KMG.UL] said on Wednesday its consolidated net income fell to 39.2 billion tenge ($260 million) in the first half from 271.5 billion tenge in the same period of 2008.

24 2009 | Viewed: 655 | News / Theme of day | Read full
UPDATE 1-Citi cuts lending limits to top Kazakh banks

ALMATY, July 20 (Reuters) - Citigroup (C.N) has cut lending lines to top Kazakh banks and will quit local interbank deposit indicator KazPrime, whose manager said more members could leave soon as credit limits tighten.

22 2009 | Viewed: 656 | News / Theme of day | Read full
RPT-Kazakh Zhaikmunai places GDRs at $4 apiece-source

MOSCOW, July 20 (Reuters) Kazakh oil company Zhaikmunai (ZKMq.L) sold $300 million worth of new Global Depositary Receipts for $4 apiece, a source close to the placement said on Monday.

21 2009 | Viewed: 629 | News / Theme of day | Read full
Kazakhstan central bank grapples with CDS headache

Astana, the capital of Kazakhstan, lies thousands of miles from London's trading rooms - let alone the political lobbyists in Washington. This summer, however, Grigori Marchenko, the Kazakh central bank governor, has reason to follow the US and UK debate about the future of credit derivatives with particular interest.

17 2009 | Viewed: 744 | News / Theme of day | Read full
SK Telecom considering bid for Kazakhtelecom unit

SEOUL, July 14 (Reuters) - SK Telecom Co (017670.KS), South Korea's top mobile operator, said on Tuesday it was considering bidding for a 51 percent stake in Kazakhtelecom'sKZTK.KZ wireless unit Mobile Telecom Service.

16 2009 | Viewed: 627 | News / Theme of day | Read full
Lunch with the FT: Larry Summers

Larry Summers, director of the US president's National Economic Council, usually eats at his White House desk or sitting around a nearby table with other members of the economic team. But today, for Lunch with the FT, Summers' aides have persuaded him to walk down the stairs to the Ward Room, a windowless alcove near the White House mess.

13 2009 | Viewed: 866 | News / Review of Mass Media | Read full
Medvedev departs from party line on joining WTO

Russian president Dmitry Medvedev yesterday announced Moscow could still join the World Trade Organisation on its own, in his biggest policy clash in public with Vladimir Putin.

13 2009 | Viewed: 725 | News / Theme of day | Read full
Kazakhstan completes China gas link segment

BAISERKE, Kazakhstan, July 10 (Reuters) - China moved a step closer to securing a new source of gas supply on Friday when Kazakhstan finished building its segment of a pan-Central Asian gas pipeline designed to address China's growing energy needs.

11 2009 | Viewed: 656 | News / Theme of day | Read full
Kazakhstan wants to cut Kashagan cost by 30 pct

BAISERKE, Kazakhstan, July 10 (Reuters) - Kazakhstan wants to reduce the cost of developing its giant Kashagan oilfield by 30 percent, the chief executive of Kazakh state oil company KazMunaiGas [KMG.UL] said on Friday.

11 2009 | Viewed: 669 | News / Theme of day | Read full
UPDATE 1-Kazakh Alliance Bank agrees debt restructuring

ALMATY, July 8 (Reuters) - Kazakhstan's fourth-largest bank Alliance (ALLBq.L) said on Wednesday it had reached an agreement with creditors on restructuring its $4 billion debt, putting an end to months of uncertainty over its future.

10 2009 | Viewed: 775 | News / Theme of day | Read full
Former Kazakh Alliance CEO suspended from new job

ALMATY, July 7 (Reuters) - Kazakhstan's banking watchdog has suspended the former chief executive of Alliance bank (ALLBq.L) from his current job as head of Eurasian bankEUBN.KZ, another local lender, Eurasian bank said on Tuesday.

10 2009 | Viewed: 670 | News / Theme of day | Read full
Metallurgical plant will be established in Kazakhstan

The second in the world metallurgical plant based on the new steel-making process ITmk3 will be established in Kazakhstan. This project was supported by the President of the republic of Kazakhstan N.A.Nazarbayev at his meeting with the founders of the international Association of the Third Generation of Iron and Steel Technologies 3GIST.

6 2009 | Viewed: 944 | News / Theme of day | Read full
The video-bridge for journalists in Almaty

On July 1st, in Almaty, the Embassy of the USA in Kazakhstan has held the video-bridge for representatives of mass-media with Noam Scheiber, the senior editor of The New Republic magazine, where he covers economic and political themes.

3 2009 | Viewed: 694 | News / Theme of day | Read full
UPDATE 1-Kazkommertsbank says bought back $300 mln in bonds

ALMATY, July 1 (Reuters) - Kazakhstan's second-largest lender, Kazkommertsbank (KKGByq.L)KKGB.KZ, said on Wednesday it had bought back about $300 million in Eurobonds since October 2007.

2 2009 | Viewed: 728 | News / Theme of day | Read full
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