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JSC BTA Bank appoints Steering Committee, signs an Outline of Restructuring Principles and announces increases in Loan Loss Provisions and Debt Restructuring

JSC BTA Bank ("BTA") is pleased to announce that on 3 September 2009 BTA signed an Outline of Restructuring Principles (the "Restructuring Principles") with BTA's steering committee (the "Steering Committee") with respect to the restructuring of the financial indebtedness of BTA and its finance subsidiaries (the "Restructuring").The full text of these non-binding Restructuring Principles which were agreed upon on 3 August 2009, will be posted on BTA's website atwww.bta.kz.

9 2009 | Viewed: 911 | News / Theme of day | Read full
"Capitalism is evil," says new Michael Moore film

VENICE (Reuters) - Capitalism is evil. That is the conclusion U.S. documentary maker Michael Moore comes to in his latest movie "Capitalism: A Love Story," which premieres at the Venice film festival Sunday.

8 2009 | Viewed: 601 | News / Theme of day | Read full
UPDATE 2-Kazakh bank BTA seeks to slash debt by $8 bln

ALMATY, Sept 7 (Reuters) - Kazakhstan's largest bank, state-run BTABTAS.KZ, asked hundreds of its foreign creditors to cut its $10.3 billion debt by $8 billion to avoid bankruptcy, it said on Monday.

8 2009 | Viewed: 815 | News / Theme of day | Read full
Kazakhstan to ban exports of oil products

ASTANA (Reuters) - Kazakhstan will introduce a temporary ban on exports of oil products to smooth domestic prices during the grain harvesting season, Prime Minister Karim Masimov said on Monday.

8 2009 | Viewed: 661 | News / Theme of day | Read full
G20 calls for better capital buffers at banks

G20 calls for better capital buffers at banks.

By Norma Cohen in London

7 2009 | Viewed: 657 | News / Theme of day | Read full
BP discovers giant US oilfield

Published: September 2 2009 12:01 | Last updated: September 2 2009 18:56

BP, the UK energy group, has discovered a "giant" oilfield in the Gulf of Mexico that shows a new frontier opening up for US oil production.

3 2009 | Viewed: 672 | News / Theme of day | Read full
Kazakh leader warns banks agains recovery euphoria

ASTANA, Sept 1 (Reuters) - Kazakh President Nursultan Nazarbayev warned banks in the Central Asian state on Tuesday against returning to lavish pre-crisis borrowing andbonuses.

2 2009 | Viewed: 705 | News / Theme of day | Read full
Obama to name Bernanke to 2nd term as Fed chief

OAK BLUFFS, Massachusetts (Reuters) - U.S. PresidentBarack Obamawill nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday as the economy shows signs of recovery, a senior administration official said on Monday.

26 2009 | Viewed: 736 | News / Theme of day | Read full
BTA Bank Updates Investors on Restructuring Process

BTA Bank JSC ("BTA"), together with KPMG, PriceWaterhouse Coopers and international law firm Lovells, provided investors and creditors with an update on the progress of the bank's restructuring process via webcast on 18 August 2009. Hosted by Mr. Anvar Saidenov, Chairman of the Executive Board, this webcast also addressed the bank's strategic priorities, KPMG preliminary findings, the bank's troubled assets portfolio and assets recovery strategy.

23 2009 | Viewed: 733 | News / Theme of day | Read full
Sovereign funds join forces for strategic investment

LONDON (Reuters) - An increasing number of sovereign wealth funds are working in concert to make joint strategic investments in order to reduce risks and maximize returns, which could provide a stabilizing force in financial markets.

19 2009 | Viewed: 648 | News / Theme of day | Read full
Russia's Polyus CEO becomes KazakhGold chairman

MOSCOW, Aug 17 (Reuters) - The chief executive of Russia's top gold miner, Polyus Gold (PLZL.MM), has become the chairman and chief executive of KazakhGold Group (KZGq.L) following Polyus's acquisition of a controlling stake in the Kazakh miner.

19 2009 | Viewed: 675 | News / Theme of day | Read full
Informational Session "Business Rhetoric"

The course is specifically designed for people keen to develop effective presentation and public speaking skills, advance communication qualities and polemical abilities.
"Business Rhetoric" is a study and practice program composed of individual trainings and audio-visual practical work.

17 2009 | Viewed: 727 | News / Theme of day | Read full
Soros Gives To Match Federal Funds for New York Needy

New York (Dow Jones)--Global financier and philanthropist George Soros is giving $35 million to needy schoolchildren in New York, enabling the state to receive $140 million in federal matching funds...

14 2009 | Viewed: 693 | News / Theme of day | Read full
Chevron Kazakh venture H1 oil output up 16 pct

ALMATY, Aug 7 (Reuters) - Tengizchevroil, a Chevron-led (CVX.N) joint venture in Kazakhstan, increased oil output 16 percent year-on-year in the first half of 2009 to 10.2 million tonnes (81.2 million barrels), it said on Friday.

10 2009 | Viewed: 676 | News / Theme of day | Read full
US jobs report spurs stocks

Stock markets on both sides of the Atlantic hit their highest levels in months on Friday after better-than-expected economic data in the US and Germany buttressed hopes for an economic recovery.

10 2009 | Viewed: 676 | News / Theme of day | Read full
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