Default risks could sour demand for corporate debt
More emerging market companies are likely to default as the world economy slows and Western banks rein in lending, a risk that is unnerving investors who were snapping up their debt just a year ago.
DAVOS, Switzerland - U.S. Treasury Secretary Timothy Geithner hinted Friday that the Obama administration could support an increase in resources for the International Monetary Fund to fight the euro crisis, and also sounded a note of cautious optimism on the U.S. economy.
UPDATE 2-BTA pursues debt restructuring after vote defeat
Kazakh bank BTA will try to persuade angry creditors to accept a second debt restructuring after failing on Thursday to win shareholder approval for the proposal it says is imperative for survival.
26 January 2012, Almaty - "BTA Bank" JSC (the "Bank") would like to announce results of today's General Shareholders' Meeting (the "GSM") held in Almaty as well as to provide an update on a number of matters in relation to the proposed restructuring of certain of its financial indebtedness.
In State of the Union address, Obama says ‘basic American promise’ is at risk
President Obama warned in his State of the Union address Tuesday that the nation's middle class is at risk because of growing economic inequality, and argued that the government must do more to preserve the basic American dream.
Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
The International Monetary Fund Tuesday trimmed its global growth estimates for the year to 3.3%, but warned the euro-zone debt crisis could lop roughly two percentage points off worldwide output if euro-zone leaders don't act soon.
Almaty, January 24, 2012 - BTA Bank JSC informed that from January 23, 2012 Mr. Konstantin Korishchenko has resigned from his position as a Member of the Board of Directors, Independent Director of BTA Bank JSC.
The global economy faces a depression-era collapse in demand if Europe doesn't quickly act to dramatically boost the size of its debt-crisis firewall, implement pro-growth policies and further integrate the euro zone, the head of the International Monetary Fund warned Monday.
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development program.
Konstantin Lifanov: "For me golf is a way of life"
As we approach 7th international golf tournament "Kazakhstan open - 2011", we had the honor to speak with the Konstantin LIFANOV - Tournament Director, Golf Director of the Golf Club "Nurtau" and one of the founders of the Kazakh golf.
