Kazakhstan

Results for Kazakhstan

Kazakhs Aren't Done Paying to Fix Banks After Biggest Rescue

Kazakhstan is running out of time to get the banking system back on its feet. Even after undertaking its biggest rescue since the 2009 global credit squeeze with a 2.4 trillion-tenge ($7.6 billion) bailout of Kazkommertsbank, the rest of the nation’s len ...

Daily Headline - global.abi.org - 06/14/2017 - 21:35 - 0 comments

Default Alarms Go Off as Azeri Bank's Collapse Prompts Scare

Shockwaves from a default by the biggest bank in Azerbaijan are spreading to its neighbor on the opposite shore of the Caspian Sea, Bloomberg reported. Already burned by the International Bank of Azerbaijan’s missed payment and its effort to wrest a 20 p ...

Daily Headline - global.abi.org - 05/30/2017 - 21:14 - 0 comments

Kazakh Uranium Firm Says Won't be Affected by Westinghouse Bankruptcy

The bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co will have no negative impact on the finances of its minority shareholder Kazatomprom, the Kazakh uranium miner said on Wednesday. Kazatomprom said in a statement that it held a put ...

Daily Headline - global.abi.org - 04/26/2017 - 19:48 - 0 comments

Top Kazakh Bank on the Block for Under $1 May Need $738 Million

Kazakhstan’s Halyk Bank may have to inject at least 230 billion tenge ($738 million) into Kazkommertsbank, the troubled lender it’s set to buy for less than $1 after a state bailout, according to two people with knowledge of the matter. The cash, coming ...

Daily Headline - global.abi.org - 04/24/2017 - 19:30 - 0 comments

Kazakhstan Weighs $6.5 Billion Spending to Bolster Banks

Kazakhstan is considering a 2.1 trillion-tenge ($6.5 billion) plan this year to restore banks to health, widening its budget deficit and tapping its oil wealth fund to cover the costs, Bloomberg News reported. Finance Minister Bakhyt Sultanov proposed th ...

Daily Headline - global.abi.org - 02/13/2017 - 21:27 - 0 comments

Kazakhstan’s Central Bank Governor Makes Headway

For a man working to restore investor confidence in Kazakhstan’s central bank, the profit that governor Daniyar Akishev made betting bank money on the correct outcome of Britain’s Brexit referendum will go some way to convincing sceptics that he is a man ...

Daily Headline - global.abi.org - 10/27/2016 - 20:03 - 0 comments

Kazakh Privatisation Drive Shapes Up As A Hard Sell

Kazakhstan’s president certainly caught the imagination of the City of London. In closed-door meetings last week, Nursultan Nazarbayev and other Kazakh officials said the commodity-rich central Asian nation would unload hundreds of companies, including i ...

Daily Headline - global.abi.org - 11/12/2015 - 21:39 - 0 comments

Crisis-Hit Kazakhstan Unveils Ambitious Privatisation Plan

Kazakhstan is set to embark upon its most ambitious privatisation plan since independence from the Soviet Union in 1991, offering stakes in its largest state-owned enterprises to international investors in preparation for eventual stock market flotations ...

Daily Headline - global.abi.org - 11/03/2015 - 20:27 - 0 comments

Kazakhstan Faces Oil Dilemma As Prices Plunge

In Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple, the Financial Times reported. The central Asian nation was a poster child of the past decade’s oil boom, bu ...

Daily Headline - global.abi.org - 11/02/2015 - 19:35 - 0 comments

Kazakhstan's Alliance Bank Says Completes Debt Restructuring

Kazakhstan's Alliance Bank has completed a $1.2 billion debt restructuring and the country's sovereign wealth fund will put 220 billion tenge ($1.2 billion) of special deposits into the bank to support the deal, Alliance's chief executive ...

Daily Headline - global.abi.org - 11/19/2014 - 20:47 - 0 comments

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