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Kazakhstan may limit foreign ownership of banks

ASTANA, Nov 10 (Reuters) - Kazakhstan may limit foreign ownership of banks and other companies in the financial sector, central bank chairman Grogiry Marchenko said on Tuesday.

12 2009 | Viewed: 655 | News / Theme of day | Read full
Conoco, Mubadala Kazakh JV sees 1.5-3 bln crude reserves

ABU DHABI, Nov 10 (Reuters) - Abu Dhabi investment vehicle Mubadala and ConocoPhillips' (COP.N) offshore oilfield in Kazakhstan may hold as much as 3 billion barrels of crude in reserves, a company spokesman said on Tuesday.

12 2009 | Viewed: 662 | News / Theme of day | Read full
China hints at stronger renminbi

China's central bank on Wednesdayacknowledged the case for a stronger renminbi, days ahead of the arrival in Beijing of US presidentBarack Obamafor talks expected to highlightmounting international concernover Chinese currency policy.

12 2009 | Viewed: 750 | News / Theme of day | Read full
Kazakhstan c.bank hints at tenge to strengthen

ALMATY. Nov 11 (Reuters) - Kazakhstan central bank's chairman Grigory Marchenko said on Wednesday he believed the fundamentals were right for Kazakhstan's national currency to appreciate.

12 2009 | Viewed: 618 | News / Theme of day | Read full
Brown floats idea for global tax on banks

Finance ministers and central bank governors of the Group of 20 leading nations launched a framework to promote a better balanced global economy on Saturday, but the meeting was overshadowed by a dispute about a global tax on financial transactions and little progress on financing efforts to reduce global warming.

10 2009 | Viewed: 682 | News / Theme of day | Read full
Dow hits 2009 high

NEW YORK (Reuters) - A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.

10 2009 | Viewed: 597 | News / Theme of day | Read full
Opel puts best face on GM about-face on sale

FRANKFURT/BERLIN (Reuters) - General Motors' Opel unit put the best face on its parent's stunning decision to reverse course and keep its European arm rather than sell it to a group led by Canada's Magna.

8 2009 | Viewed: 604 | News / Theme of day | Read full
Fed sees rates near zero for "extended period"

WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for "an extended period."

6 2009 | Viewed: 662 | News / Theme of day | Read full
Lloyds, RBS agree to massive shake-up

LONDON (Reuters) - Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.

4 2009 | Viewed: 612 | News / Theme of day | Read full
Buffett to buy Burlington Northern

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.

4 2009 | Viewed: 708 | News / Theme of day | Read full
Republic of Kazakhstan Concluding Statement of the October 2009 IMF Mission

An International Monetary Fund (IMF) mission visited Astana and Almaty during October 21- 28, 2009 to review recent economic developments and discuss ongoing policy responses and economic perspectives. The mission met with government officials and representatives of the banking and business communities. The mission would like to thank the authorities for the frank and open discussions. The following statement reflects the views of the mission.

30 2009 | Viewed: 862 | News / Theme of day | Read full
Gas firm BG suspends Kazakhstan legal action

LONDON, Oct 28 (Reuters) - UK gas producer BG Group (BG.L) said it had suspended legal proceedings against the Kazakh government over $1 billion in export duties it was forced to pay, in the hope of a negotiated settlement.

29 2009 | Viewed: 591 | News / Theme of day | Read full
U.S. consumer confidence up for first time since 2007

HONG KONG (Reuters) - Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.

28 2009 | Viewed: 671 | News / Theme of day | Read full
KIMEP students receive new media center as gift from ExxonMobil Kazakhstan

Almaty, Kazakhstan -The Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP) has launched a new modern multimedia production center, called "ExxonMobil Media Center."

27 2009 | Viewed: 1 153 | News / Theme of day | Read full
CORRECTED-Kazakh Astana Finance seeks $650 mln debt cut

ALMATY, Oct 26 (Reuters) - Kazakh lender Astana Finance said on Monday it had asked foreign creditors to cut its $1 billion debt by 65 percent in a debt restructuring deal.

26 2009 | Viewed: 736 | News / Theme of day | Read full
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