UPDATE 2-Uranium One stock plunges on Kazakhstan probe
TORONTO, May 27 (Reuters) - Shares of miner Uranium One (UUU.TO) plunged 38 percent on Wednesday after Kazakhstan said it was investigating past sales of the country's uranium assets to foreign companies.
ALMATY, May 27 (Reuters) - Kazakhstan's security service said on Wednesday some of the country's uranium fields had been sold illegally to foreign firms by Kazakh state uranium company Kazatomprom, in a move certain to alarm investors.
UPDATE 1-KazMunaiGas E&P Q1 net rises 70 pct on forex gains
ALMATY, May 21 (Reuters) - Kazakh oil producer KazMunaiGas Exploration and Production (KMGq.L) said on Thursday its net profit rose 70 percent year-on-year in the first quarter on foreign exchange gains while core earnings declined.
ALMATY, May 20 (Reuters) - Kazakhstan's second-biggest bank Kazkommertsbank (KKGByq.L) said on Wednesday it had no plans to restructure its debt following restructuring announcements from three other Kazakh lenders.
Republic of Kazakhstan — 2009 Article IV Consultation
An International Monetary Fund (IMF) mission visited Kazakhstan during May 5-15, 2009 to conduct discussions for the 2009 Article IV consultation. The mission reviewed recent economic and financial sector developments and discussed the government's policy response to the economic crisis. The following statement reflects the views of the mission.
UPDATE 1-IMF urges Kazakhstan to solve banks' problems
ALMATY, May 15 (Reuters) - Kazakhstan needs to resolve problems in its banking sector to restore economic growth and can consider a more flexible exchange rate after that, the head of the fund's mission to the country said on Friday.
MOSCOW, May 15 (Reuters) - Kazakhstan's No.4 bank Alliance (ALLBq.L) said on Friday it had defaulted on more than $10 million in debt and named the banks with which it will negotiate the terms of debt restructuring.
UPDATE 2-Kazakhstan cuts key interest rate to 9.0 pct
ALMATY, May 12 (Reuters) - Kazakhstan's central bank cut its key refinancing rate by 50 basis points on Tuesday as Central Asia's biggest economy sought to curb the impact of the global economic slowdown.
Shootings in Baku for the TV program «Nelishniye Dengi» («Not Superfluous Money»)
President of the Public Foundation «Center for Business Journalism «BizMedia» T.Askarov has visited Baku from May, 3rd till May, 6th as a member of creative team of the «Nelishniye Dengi» TV program, sponsored Soros-Kazakhstan Foundation.
BOAO, China, April 17 (Reuters) - Kazakhstan is working with China to ink more deals in both energy and non-energy sectors following this week's $10 billion oil-for-loan deal, a senior Kazakh official said on Friday.
President Nursultan Nazarbayev Takes Part in the Opening of the Plenary Session of the Boao Forum for Asia Annual Meeting 2009
The idea of establishment of the Asian Forum was initiated in 1998 and the official opening ceremony of the Boao Forum for Asia took place in 2001. It is a non-governmental forum focused on Asian countries that allow to see the world through Asian prospects and to boost economic ties both in Asia and far beyond.
GSM Kazakhstan/Kcell officially launched its refreshed look and feel as part of celebrating its 10th anniversary
GSM Kazakhstan/Kcell, the leading mobile operator in Kazakhstan, today launched the refreshed look & feel for its corporate brand Kcell. The brand refreshment is dedicated to a significant milestone in the company's history - its 10th year anniversary - and comes as part of the company's strategy to further strengthen its leadership on Kazakhstan's mobile telecommunication services market.
Further to the announcement made by JSC Alliance Bank (the "Bank") on 1 April 2009 relating to the overstatement of its assets, the Bank wishes to advise that the overstatement relates to transactions entered into by the Bank between 2005 and 2008 that were not properly recorded on the Bank's balance sheet.