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Financial Restructuring Principal Commercial Terms Sheet signed by the Creditors Steering Committee and JSC BTA Bank

08.12.2009. JSC BTA Bank (the "Bank") is pleased to announce that it signed a principal commercial terms sheet on 7 December 2009 with its Creditors' Steering Committee setting out the principal commercial terms of its proposed financial restructuring (the "Restructuring").

9 2009 | Viewed: 708 | News / Theme of day | Read full
Dubai won't sell assets for Dubai World debt

DUBAI (Reuters) - Dubai's government will not sell any assets to meet the obligations of state-owned Dubai World, but the conglomerate itself might sell some of its foreign assets, Dubai's finance chief told Al Jazeera television.

8 2009 | Viewed: 764 | News / Theme of day | Read full
Kazakh groups to shift away from London

Companies from Kazakhstan plan to move part of their fundraising away from London, according to the country's central bank governor, because UK investors failed to stand by the central Asian state during the financial crisis.

8 2009 | Viewed: 690 | News / Theme of day | Read full
UPDATE 3-Kazakh leader says to enforce diverse economy

ASTANA, Dec 4 (Reuters) - President Nursultan Nazarbayev told global oil and metals majors working in Kazakhstan on Friday he would force them to help diversify the economy as the government pledged $67 billion to modernise industries.

7 2009 | Viewed: 634 | News / Theme of day | Read full
WashTimes cutting staff up to 40 percent

Jonathan Slevin, acting publisher and president of the Washington Times, outlined a new plan for the beleaguered newspaper and spoke of "significant staff reductions" at a meeting this afternoon.

5 2009 | Viewed: 563 | News / Theme of day | Read full
EBRD says Dubai crisis may signal more asset bubbles

ALMATY, Dec 2 (Reuters) - The head of the European Bank for Reconstruction and Development said on Wednesday a debt standstill in Dubai, which has shaken global markets, represented a warning that more such trouble could lie ahead.

5 2009 | Viewed: 649 | News / Theme of day | Read full
Google offers online news compromise

LONDON(Reuters) - Google offered publishers a way to attract paying subscribers without having to remove their content from Google News search results, after Rupert Murdoch and others accused it of profiting from their news.

5 2009 | Viewed: 634 | News / Theme of day | Read full
Bank of America to repay TARP

NEW YORK(Reuters) - Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more vulnerable to further economic shocks.

5 2009 | Viewed: 602 | News / Theme of day | Read full
Dubai ruler plays up strength as Gulf markets fall

DUBAI (Reuters) - Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience from the rulers of Abu Dhabi and Dubai.

2 2009 | Viewed: 748 | News / Theme of day | Read full
Dubai Worlds Debt Not Guaranteed by Government (Correct)

(Corrects translation of word viability from Arabic in second paragraph.)

Nov. 30 (Bloomberg) - Dubai's government said it hasn't guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure.

1 2009 | Viewed: 608 | News / Theme of day | Read full
UAE Banks risk credibility loss on Dubai exposures

DUBAI (Reuters) - The credibility of the United Arab Emirates finance sector will suffer unless the authorities and lenders move quickly to assuage fears that Dubai's debt troubles are spiraling out of control, analysts and bankers say.

1 2009 | Viewed: 631 | News / Theme of day | Read full
Japans newspapers hold grip on sales

Japan's newspapers, which are among the world's largest by circulation, will not decline as fast as their crisis-hit counterparts in the US and Europe, the president of the Asahi Shimbun, Japan's second-largest newspaper, said in an interview with the Financial Times.

30 2009 | Viewed: 546 | News / Review of Mass Media | Read full
Japans newspapers hold grip on sales

Japan's newspapers, which are among the world's largest by circulation, will not decline as fast as their crisis-hit counterparts in the US and Europe, the president of the Asahi Shimbun, Japan's second-largest newspaper, said in an interview with the Financial Times.

30 2009 | Viewed: 664 | News / Review of Mass Media | Read full
Russia, Belarus, Kazakhstan create customs union

MINSK, Nov 27 (Reuters) - The presidents of Russia, Kazakhstan and Belarus signed an agreement on Friday to create a new customs union from July 1, 2010.

30 2009 | Viewed: 855 | News / Theme of day | Read full
Banks, world leaders play down Dubai debt threat

DUBAI/LONDON (Reuters) - Banks outside the Gulf played down their exposure to Dubai debt on Friday after fears of default shook global markets, and European leaders said the world economy was now strong enough to cope with the setback.

30 2009 | Viewed: 631 | News / Theme of day | Read full
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