BTA CREDITORS "VERY DISAPPOINTED" WITH OUTCOME OF INVESTOR MEETING – STATEMENT
Senior creditors of Kazakh bank BTA have expressed their disappointment after a meeting with the lender failed to convince it to meet a coupon payment on USD2bn of debt.
Kazakhstan fund builds 5 pct stake in UniCredit-paper
Kazakhstan sovereign fund Samruk Kazyna Fund has built a stake of just under 5 percent in Italian top bank UniCredit, il Giornale newspaper said without citing sources.
Changes in the Board of Directors and Management Board of BTA Bank
BTA Bank informs that Mr. Marat Z. Zairov has resigned from the position of the Chairman of the Management Board of BTA Bank on his own initiative due to health reasons.
Mafia now "Italy's No.1 bank" as crisis bites: report
Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest "bank" and squeezing the life out of thousands of small firms, according to a report on Tuesday.
EU ministers plan Iran oil embargo, IAEA team to visit
Europe and Japan moved ahead Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives.
The benchmark 2018 bond of Kazakh sovereign wealth fund's BTA Bank hit 10-day highs on Monday, on speculation the bank would pay overdue $160 million coupons rather than risk creditors calling in billions of dollars of outstanding debt.
Analysis: Kazakh leader reinforces power with oil sackings
Kazakh President Nursultan Nazarbayev's decision to fire his son-in-law for mishandling an oil workers' strike is a signal to would-be successors that the veteran leader is not ready to relinquish his firm grip on power in the Central Asian state.
MOSCOW - Russia's central bank Friday unexpectedly cut its key refinancing rate for the first time in a year and a half, citing the uncertain outlook for the global economy.
New iPhone? No thanks, say cash-conscious Europeans
Weakening economies and falling prices of rival smartphones are hurting sales of Apple iPhones across Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.
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.