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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: 776 | 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: 588 | 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: 826 | 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: 601 | 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: 736 | News / Theme of day | Read full
Is it possible for mass-media to be self-regulated?

Participants of a round table The self-regulation of mass-media in Kazakhstan organized in Karaganda by the Public Foundation "MEDIALIFE" with support of the Soros Foundation Kazakhstan tried to answer this banal, at first sight, question. Round table in Karaganda has passed within the project International standards of freedom of speech - to the Kazakhstan's journalism!.

30 2009 | Viewed: 1 301 | News / Theme of day | Read full
Investigators search Moscow offices of BTA bank

MOSCOW, Sept 29 (Reuters) - Russian investigators are searching the Moscow offices of BTA bank, the Interior Ministry said on Tuesday.

30 2009 | Viewed: 665 | News / Theme of day | Read full
IFC Investment to Expand Access to Finance for Small and Medium Enterprises in Kazakhstan

Almaty, Kazakhstan, September 28, 2009-IFC, a member of the World Bank Group, announced today it will invest inJSCBank CenterCredit, providing long-term capital that will help promote access to finance for small and medium enterprises in Kazakhstan.

30 2009 | Viewed: 1 064 | News / Theme of day | Read full
G20 upbeat on economy, pledges financial reforms

PITTSBURGH (Reuters) - TheGroup of 20rich and developing nations promised to give rising powers such as China more say in rebuilding and guiding the global economy, and declared their crisis-fighting efforts a success on Friday.

28 2009 | Viewed: 643 | News / Theme of day | Read full
UPDATE 1-Canada and Kazakhstan reach nuclear trade deal

OTTAWA, Sept 24 (Reuters) - Canada and Kazakhstan have reached a nuclear cooperation agreement to open up Kazakhstan's civil nuclear market to Canadian uranium and technology suppliers, Trade Minister Stockwell Day said on Thursday.

26 2009 | Viewed: 756 | News / Theme of day | Read full
UPDATE 1-Kazakh KMG EP buys PetroKazakhstan stake from parent

ALMATY, Sept 23 (Reuters) - Kazakh oil producer KazMunaiGas Exploration and Production (KMG EP) (KMGq.L) is buying a 33 percent stake in PetroKazakhstan, another upstream firm, from its parent, state energy firm KazMunaiGas [KMG.UL].

24 2009 | Viewed: 761 | News / Theme of day | Read full
Moody's may bear brunt of rating agency mistrust

NEW YORK (Reuters) - Rating agency Moody's Corp may bear the brunt of regulatory scrutiny of the industry, after a former analyst sent congressional investigators a memo stating that the company knowingly assigned incorrect ratings to a security as recently as this year, according to a source familiar with the memo.

24 2009 | Viewed: 648 | News / Theme of day | Read full
Kazakh bank BTA says creditors to write down $4.9 bln

ALMATY, Sept 23 (Reuters) - Creditors of Kazakh state-run bank BTABTAS.KZhave offered to write down debts totalling $4.9 billion, more than half of the amount requested by the bank, BTA CEO Anvar Saidenov told reporters on Wednesday.

24 2009 | Viewed: 673 | News / Theme of day | Read full
Study shows U.S. bank CEO pay dwarfs rest of world

NEW YORK (Reuters) - You wouldn't know it by his pay stubs, but Jiang Jianqing heads the world's largest bank.

24 2009 | Viewed: 589 | News / Theme of day | Read full
Fed says U.S. recovery is underway

WASHINGTON (Reuters) - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time.

24 2009 | Viewed: 704 | News / Theme of day | Read full
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