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BofA and Citi warned over credit ratings

The planned overhaul of US financial rules prompted Standard & Poor's to warn on Tuesday it might downgrade the credit ratings of Citigroup and Bank of America on concerns that the shake-up would make it less likely that the banks would be bailed out by US taxpayers if they ran into trouble again.

12 2010 | Viewed: 678 | News / Review of Mass Media | Read full
Rothschild to appoint first non-family chief

The Rothschild banking dynasty is to appoint a non-family member as chief executive for the first time in its 212-year history, as the group seeks to adapt its management structure to the post-crisis climate.

12 2010 | Viewed: 637 | News / Review of Mass Media | Read full
ArcelorMittal damps hopes of rapid recovery

Lakshmi Mittal on Wednesday damped hopes of a rapid upturn after ArcelorMittal - the world's biggest steelmaker - announced a 76 per cent drop in its underlying earnings for last year.

12 2010 | Viewed: 707 | News / Review of Mass Media | Read full
Watchdogs need not bark together

In the years before the crisis, there was a race to the bottom, with countries competing on the "lightness" of regulation. Iceland may have been the winner of that race, but its citizens were the losers. As the consequences of these failures continue to manifest themselves and discussions of the new regulatory regime proceed, the problem of global co-ordination has moved centre stage.

12 2010 | Viewed: 664 | News / Review of Mass Media | Read full
Google prepares Facebook assault

Google is set to make a fresh attempt to gain a stronger foothold in the booming social networking business on Tuesday as it seeks to counter the growing threat that Facebook poses to some of its core services.

10 2010 | Viewed: 663 | News / Theme of day | Read full
Samsung plans to treble smartphone sales

Samsung Electronics said on Thursday that it aimed to treble its smartphone shipments this year by expanding its line-up, as the South Korean group looks to catch up on rivals such as Nokia and Apple.

8 2010 | Viewed: 773 | News / Theme of day | Read full
Abu Dhabi fund to take Gatwick stake

The owners of Gatwick have sold another stake in the airport, this time to the Abu Dhabi Investment Authority, one of the world's leading sovereign wealth funds.

8 2010 | Viewed: 621 | News / Theme of day | Read full
Promoting co-operation with Kazakhstan under Erasmus Mundus programme

ASTANA, 5 February 2010 - On Monday, a representative of the European Agency on Education comes to Kazakhstan to present the next call for proposals under the Erasmus Mundus Action II programme. This education programme is funded by the EU to give students from partner countries, including Kazakhstan, scholarship and exchange opportunities for study and research in Europe.

7 2010 | Viewed: 738 | News / Theme of day | Read full


Oxfam Urges Congress to Pass Transparency Law

WASHINGTON, DC – The Senate’s Permanent Subcommittee on Investigations held a hearing today examining how foreign government officials, their relatives, and associates have used US financial institutions and professionals – including lawyers, realtors, escrow agents, lobbyists, and bankers – to circumvent US regulations and bring millions of suspect dollars into the country. International aid agency Oxfam America commends the committee for shedding light on these instances of corruption, which often occur in countries with oil, gas, and mineral wealth and robs governments of money that could be used to fight poverty.

7 2010 | Viewed: 625 | News / Theme of day | Read full
Kazakhstan's BTA files for U.S. creditor protection

BANGALORE/ALMATY, Feb 5 (Reuters) - Kazakh state-run bank BTA BTAS.KZ has filed for protection from creditors in a Manhattan bankruptcy court after some of them took action against the lender which is restructuring $11.6 billion in debt.

7 2010 | Viewed: 627 | News / Theme of day | Read full
The FMSA approves the Restructuring Plan of Alliance Bank



4 February 2010

JSC Alliance Bank (the "Bank") is very pleased to announce that the Agency of the Republic of Kazakhstan on Regulation and Supervision of the Financial Market and Financial Organisations (the "FMSA") approved its Restructuring Plan on 1 February 2010.

5 2010 | Viewed: 978 | News / Theme of day | Read full
Moodys warns US of credit rating fears

Moody's Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country's budget deficit.

5 2010 | Viewed: 614 | News / Theme of day | Read full
Vikas Pota on ten business icons in India

Amid jitters about uncertainty in the financial markets over the past 16 months, many investors have continued to look toward the BRIC countries - Brazil, Russia, India and China, which by 2050 are expected to be wealthier than most current major economic powers.

2 2010 | Viewed: 690 | News / Theme of day | Read full
Russian oligarch inspired by Gates

Vladimir Potanin says he intends to ensure that his entire fortune is handed over to charity when he dies. As one of the founding fathers of Russia's oligarchy he seeks to follow in the philanthropic footsteps of the likes of Bill Gates.

2 2010 | Viewed: 615 | News / Theme of day | Read full
Korea pension fund widens its horizons

South Korea's National Pension Service is going global.

2 2010 | Viewed: 693 | News / Theme of day | Read full
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