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Dollar drops through $1.50 against euro

The dollarfell through $1.50 against the euro for the first time in 14 months on Wednesday as optimism over the prospects for global growth continued to weigh on the US currency.

22 2009 | Viewed: 697 | News / Theme of day | Read full
JSC Astana Finance signs a Memorandum of Understanding

JSC Astana Finance signs a Memorandum of Understanding with its Creditors' Committee to restructure Astana Finance's financial indebtedness.

21 2009 | Viewed: 780 | News / Theme of day | Read full
White House Escalates War on Fox News

Senior Obama administration officials took to the airwaves Sunday to accuse Fox News of pushing a particular point of view and not being a real news network.

20 2009 | Viewed: 666 | News / Theme of day | Read full
Carrefour beats hasty Russian retreat

Carrefour, Europe's biggest retailer, is to pull out of Russia only months after opening its first stores there, blaming its rapid departure on its inability to reach a "leadership" position in the market.

17 2009 | Viewed: 674 | News / Theme of day | Read full
Lazard chief Wasserstein dies at 61

Bruce Wasserstein, the head of the Lazard investment bank and "the father of modern M&A", died on Wednesday after a career that put him at the centre of global dealmaking from the go-go days of the 1980s to the currentKraftbid forCadbury.

15 2009 | Viewed: 592 | News / Theme of day | Read full
Bundesbank to have sole banking oversight

Germany's new government will appoint the Bundesbank, the German central bank, as sole regulator for banks and strip Bafin, the financial market watchdog, of its banking remit, officials said on Thursday.

12 2009 | Viewed: 761 | News / Theme of day | Read full
The triumph of the monthly bill

Subscriptions have succoured media firms during the recession. That may not last.

12 2009 | Viewed: 744 | News / Theme of day | Read full
Exxon Mobil Regains Top Ranking as PetroChina Falls

Oct. 7 (Bloomberg) --Exxon Mobil Corp.regained its ranking as the world's most valuable company, overtaking PetroChina Co. after Chinese price controls failed to keep pace with rising crude costs, squeezing profits on refined fuels.

8 2009 | Viewed: 705 | News / Theme of day | Read full
Kazakhstan secures Alliance Bank restructuring

The Kazakh government this week secured a deal with creditors to restructureAlliance Bankin an innovative move that allows it to emerge as a going concern from the credit crisis.

8 2009 | Viewed: 757 | News / Theme of day | Read full
Sarkozy clinches $6 billion of Kazakh energy deals

ASTANA, Oct 6 (Reuters) - French President Nicolas Sarkozy oversaw oil, gas and nuclear deals worth more than $6 billion with Kazakhstan during a visit on Tuesday, establishing France as a key investor in the resource-rich state.

7 2009 | Viewed: 754 | News / Theme of day | Read full
FSA sets out tough new liquidity rules

Groundbreakingnew liquidity standards from the Financial Services Authoritycould force UK banks and investment companies to increase their holdings of cash and government bonds by 110bn and cut their reliance on short-term funding by 20 per cent in the first year alone.

7 2009 | Viewed: 763 | News / Theme of day | Read full
Gulf in talks on replacing U.S.$ for oil: report

SYDNEY (Reuters) - Britain's The Independent newspaper Tuesday reported that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.

7 2009 | Viewed: 578 | News / Theme of day | Read full
Term Sheet signed between Creditors Steering Committee and Alliance Bank and Moratorium on Interest Payments Starting From 8 September 2009

Almaty, 5 October 2009 - JSC Alliance Bank (the "Bank") is pleased to announce that it signed a term sheet today with the Creditors' Steering Committee, consisting of Asian Development Bank, Calyon, Commerzbank Aktiengesellschaft, DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, HSBC Bank plc, ING Asia Private Bank Limited, JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation Europe Limited and Wachovia Bank, N.A., outlining the terms of its proposed financial restructuring ("Restructuring") as envisaged by the Memorandum of Understanding dated 6th July 2009.

7 2009 | Viewed: 815 | News / Theme of day | Read full
Astana, Baku agree cooperation on new oil routes

BAKU, Oct 2 (Reuters) - Kazakhstan, planning to double its oil output over the next decade, agreed with Azerbaijan on Friday on the delivery of extra crude to the Black Sea and beyond.

4 2009 | Viewed: 590 | News / Theme of day | Read full
POSCO to develop titanium with Kazakhstan's UKTMP

SEOUL, Sept 30 (Reuters) - South Korean steelmaker POSCO (005490.KS) said on Wednesday it had agreed to set up a joint venture with Kazakhstan's UKTMP to produce titanium slab from late 2010.

2 2009 | Viewed: 720 | News / Theme of day | Read full
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