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JSC Alliance Banks Application for Restructuring Approved by the Court

JSC Alliance Bank (the "Bank") is pleased to announce that the Specialised Financial Court of Almaty (the "Court") has approved the Bank's application for restructuring by a decision dated 18 September 2009.

23 2009 | Viewed: 880 | News / Theme of day | Read full
Obama pushes economic message before big summits

NEW YORK (Reuters) - President Barack Obama's multi-tasking abilities will be tested this week as he juggles war, diplomacy and finance on the world stage while dealing with the American public's top concern: the U.S. economy.

21 2009 | Viewed: 650 | News / Theme of day | Read full
UPDATE 2-ENRC settles deal to buy CAMEC for $955 mln

LONDON, Sept 18 (Reuters) - Kazakh mining group ENRC on Friday (ENRC.L) wrapped up a $955 million cash deal to buy junior firm CAMEC (CFM.L), which will diversify the firm into metals such as copper and into high-risk areas of Africa.

21 2009 | Viewed: 692 | News / Theme of day | Read full
No deal yet on Kazakh BTA debt - analyst

ALMATY, Sept 18 (Reuters) - Kazakh bank BTABTAS.KZhas not yet agreed a debt restructuring deal with its creditors which it must submit to the regulator on Friday, an analyst at Commerzbank, one of BTA creditors, told Reuters.

21 2009 | Viewed: 727 | News / Theme of day | Read full
Kazakh regulator awaits BTA debt restructuring plan

ALMATY, Sept 18 (Reuters) - Kazakhstan's Financial Supervision Agency (FSA) expects state-run bank BTABTAS.KZto submit its $10 billion debt restructuring plan in full by the end of Friday, FSA head Yelena Bakhmutova told Reuters.

21 2009 | Viewed: 771 | News / Theme of day | Read full
Skype founders sue eBay, investors

SAN FRANCISCO (Reuters) - The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and potentially disrupting the $1.9 billion deal.

18 2009 | Viewed: 673 | News / Theme of day | Read full
Kazakh economy needs more state aid - banker

ALMATY, Sept 15 (Reuters) - Kazakhstan's crisis-hit economy needs more state aid on top of the already allocated $19 billion, the head of medium-sized local lender NurbankNRBN.KZsaid on Tuesday.

17 2009 | Viewed: 609 | News / Theme of day | Read full
Wealth Gap Widening in Kazakhstan

Despite its mineral-led economic boom, the Central Asian nation's development agenda is inchoate-leaving most of the benefits to cities like Astana and Almaty.

16 2009 | Viewed: 685 | News / Theme of day | Read full
Obama urges Wall Street co-operation

President Barack Obamaon Monday sought to capitalise on the anniversary of thebankruptcy of Lehman Brothersto urge Wall Street to co-operate with Congress to enact the "most ambitious overhaul of the financial system since the Great Depression".

16 2009 | Viewed: 696 | News / Theme of day | Read full
GM to sell control of Opel to Russia-backed Magna

BERLIN/FRANKFURT (Reuters) - General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.

14 2009 | Viewed: 676 | News / Theme of day | Read full
GM opts for Magna in Opel deal

Published: September 10 2009 10:40 | Last updated: September 10 2009 20:38

General Motorsis to sell Opel, its lossmaking European subsidiary, to Canada'sMagna Internationaland Russia'sSberbank, ending months of uncertainty over the carmaker's fate that had threatened to overshadow this month's German elections.

14 2009 | Viewed: 673 | News / Theme of day | Read full
Nursultan Nazarbayev: The promise of emerging democracies

The world is remaking itself. Amid pressing economic challenges and multinational security concerns, new alliances are forming. Global commerce along with governments are bringing down borders, opening relationships and creating opportunity. Kazakhstan, like most emerging democracies, is cautiously optimistic, with a pragmatism steeped in the hard lessons of history.

11 2009 | Viewed: 644 | News / Theme of day | Read full
Interfax celebrating its 20th anniversary

Moscow/Almaty. September 9. Interfax - Today Interfax is celebrating its 20th anniversary.

10 2009 | Viewed: 570 | News / Theme of day | Read full
Kazakh court says paper guilty of BTA deposit drain

ALMATY, Sept 9 (Reuters) - A court in Kazakhstan on Wednesday found an opposition newspaper guilty of causing a run on deposits at BTABTAS.KZ, a bank which went into default after its nationalisation this year, the paper's lawyer said.

10 2009 | Viewed: 664 | News / Theme of day | Read full
Regulators agree tough rules on bank capital

Regulators have agreed tough new rules for banks that flesh out proposals agreed by theG20 group of nations over the weekendthat would force many in Europe to raise tens of billions of euros in capital in coming months.

10 2009 | Viewed: 860 | News / Review of Mass Media | Read full
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