Archive for October 1st, 2009
Kazakhstan Daily News Roundup - October 1, 2009
HEADLINES:
A year of opportunity for Halyk Bank
(bne) - Halyk Bank is well capitalised and has low exposure to Kazakhstan’s problem sectors. The bank’s chairwoman, Umut Shayakhmetova, plans to take advantage of the disarray among two of the other top four banks to become at least the second biggest in Kazakhstan.
China’s sovereign fund buys stake in KMG EP
(SRI) - China Investment Corp (CIC), China’s sovereign wealth fund, said on Wednesday it had purchased an 11-percent stake in KazMunaiGas Exploration Production (KMG EP), the London-traded arm of the Kazakh national oil and gas company.
Kazakh UKTMP to build titanium plant with Korean POSCO
(SRI) - South Korean steelmaker POSCO said on Wednesday it had agreed to set up a joint venture with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMP) to produce titanium slab in Kazakhstan.
ENERGY:
KazMunaiGas net profit falls nearly 60 percent in H1 (Interfax)
MINERAL RESOURCES:
ENRC appoints chief financial officer (Dow Jones - NASDAQ)
Frontier Mining confident all is in place to turn Benkala deposit into company-transforming asset (Proactive Investors)
BUSINESS AND ECONOMY:
Kazakhstan’s current account deficit balloons to $3.7 billion (SRI)
Development Bank of Kazakhstan’s capital injection reinforces bank’s public policy role (SRI)
National Bank of Kazakhstan: Exchange rates October 1, 2009 (Kazinform)
Indicators - September 30, 2009 (Reuters)
POLITICS:
Russia, Kazakhstan deals elusive (Asia Times)
SOCIETY:
Financial Police launches probe into Kazakhstan TV’s project (Interfax)
Kazakh official urges patience in case of jailed activist (RFE/RL)
REGIONAL:
Gazprom won’t be buying gas from Ashgabat for the rest of 2009 (EurasiaNet)
ANALYSIS: A year of opportunity for Halyk Bank
(bne) - Halyk Bank is well capitalised and has low exposure to Kazakhstan’s problem sectors. The bank’s chairwoman, Umut Shayakhmetova, plans to take advantage of the disarray among two of the other top four banks to become at least the second biggest in Kazakhstan.
Kazakhstan Regional News Roundup - October 1, 2009
Gazprom won’t be buying gas from Ashgabat for the rest of 2009 (EurasiaNet)
Kazakhstan Society Roundup - October 1, 2009
Financial Police launches probe into Kazakhstan TV’s project (Interfax)
Kazakh official urges patience in case of jailed activist (RFE/RL)
Kazakhstan Business and Economy Roundup - October 1, 2009
A year of opportunity for Halyk Bank (bne)
Kazakhstan’s current account deficit balloons to $3.7 billion (SRI)
Development Bank of Kazakhstan’s capital injection reinforces bank’s public policy role (SRI)
National Bank of Kazakhstan: Exchange rates October 1, 2009 (Kazinform)
Indicators - September 30, 2009 (Reuters)
Development Bank of Kazakhstan’s capital injection reinforces bank’s public policy role
(S&P) - Standard & Poor’s Ratings Services said the announcement that the Development Bank of Kazakhstan (DBK) will receive an additional $1.1 billion in capital from Kazakhstan’s Samruk-Kazyna reinforces the strength of implicit sovereign support for DBK.
Kazakhstan Mineral Resources Roundup - October 1, 2009
Kazakh UKTMP to build titanium plant with Korean POSCO (SRI)
ENRC appoints chief financial officer (Dow Jones - NASDAQ)
Frontier Mining confident all is in place to turn Benkala deposit into company-transforming asset (Proactive Investors)
Kazakhstan Energy Roundup - October 1, 2009
China’s sovereign fund buys stake in KMG EP (SRI)
KazMunaiGas net profit falls nearly 60 percent in H1 (Interfax)
Kazakh UKTMP to build titanium plant with Korean POSCO
(SRI) - South Korean steelmaker POSCO said on Wednesday it had agreed to set up a joint venture with Kazakhstan’s Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMP) to produce titanium slab in Kazakhstan.
