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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: 728 | 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: 675 | 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: 608 | 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: 701 | 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: 689 | 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: 818 | 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: 953 | 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: 635 | 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: 857 | 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: 708 | 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: 709 | 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: 724 | 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: 751 | 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: 787 | 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: 781 | News / Theme of day | Read full
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