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Kazakh regulator awaits BTA debt restructuring plan

ALMATY, Sept 18 (Reuters) - Kazakhstan's Financial Supervision Agency (FSA) expects state-run bank BTABTAS.KZto submit its $10 billion debt restructuring plan in full by the end of Friday, FSA head Yelena Bakhmutova told Reuters.

21 2009 | Viewed: 780 | News / Theme of day | Read full
Skype founders sue eBay, investors

SAN FRANCISCO (Reuters) - The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and potentially disrupting the $1.9 billion deal.

18 2009 | Viewed: 681 | News / Theme of day | Read full
Kazakh economy needs more state aid - banker

ALMATY, Sept 15 (Reuters) - Kazakhstan's crisis-hit economy needs more state aid on top of the already allocated $19 billion, the head of medium-sized local lender NurbankNRBN.KZsaid on Tuesday.

17 2009 | Viewed: 615 | News / Theme of day | Read full
Wealth Gap Widening in Kazakhstan

Despite its mineral-led economic boom, the Central Asian nation's development agenda is inchoate-leaving most of the benefits to cities like Astana and Almaty.

16 2009 | Viewed: 694 | News / Theme of day | Read full
Obama urges Wall Street co-operation

President Barack Obamaon Monday sought to capitalise on the anniversary of thebankruptcy of Lehman Brothersto urge Wall Street to co-operate with Congress to enact the "most ambitious overhaul of the financial system since the Great Depression".

16 2009 | Viewed: 704 | News / Theme of day | Read full
GM to sell control of Opel to Russia-backed Magna

BERLIN/FRANKFURT (Reuters) - General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna after months of fraught negotiations that had weighed on the European unit and its 50,000 workers.

14 2009 | Viewed: 686 | News / Theme of day | Read full
GM opts for Magna in Opel deal

Published: September 10 2009 10:40 | Last updated: September 10 2009 20:38

General Motorsis to sell Opel, its lossmaking European subsidiary, to Canada'sMagna Internationaland Russia'sSberbank, ending months of uncertainty over the carmaker's fate that had threatened to overshadow this month's German elections.

14 2009 | Viewed: 683 | News / Theme of day | Read full
Nursultan Nazarbayev: The promise of emerging democracies

The world is remaking itself. Amid pressing economic challenges and multinational security concerns, new alliances are forming. Global commerce along with governments are bringing down borders, opening relationships and creating opportunity. Kazakhstan, like most emerging democracies, is cautiously optimistic, with a pragmatism steeped in the hard lessons of history.

11 2009 | Viewed: 653 | News / Theme of day | Read full
Interfax celebrating its 20th anniversary

Moscow/Almaty. September 9. Interfax - Today Interfax is celebrating its 20th anniversary.

10 2009 | Viewed: 578 | News / Theme of day | Read full
Kazakh court says paper guilty of BTA deposit drain

ALMATY, Sept 9 (Reuters) - A court in Kazakhstan on Wednesday found an opposition newspaper guilty of causing a run on deposits at BTABTAS.KZ, a bank which went into default after its nationalisation this year, the paper's lawyer said.

10 2009 | Viewed: 674 | News / Theme of day | Read full
Kazakh bank BTA adds $2.7 bln to loss provisions

ALMATY, Sept 8 (Reuters) - Kazakh bank BTABTAS.KZsaid on Tuesday it had added additional provisions against loan losses following a review of its loan book.

9 2009 | Viewed: 648 | News / Theme of day | Read full
Kazakh Kazkommertsbank buys back $76 mln in bonds

ALMATY, Sept 8 (Reuters) - Kazakh bank Kazkommertsbank (KKGByq.L)KKGB.KZsaid on Tuesday it had bought back $76 million worth of its Eurobonds maturing in November.

9 2009 | Viewed: 778 | News / Theme of day | Read full
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: 926 | 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: 610 | 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: 826 | News / Theme of day | Read full
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