Archive for November 6th, 2009
Kazakhstan Daily News Roundup - November 6, 2009
HEADLINES:
BTA loses $13.4 billion in Jan-Sep
(SRI) - BTA Bank, until recently Kazakhstan’s biggest bank, lost KZT2 trillion ($13.4 billion) in January through September, the bank reported on Thursday.
Alliance loses $1.5 billion in Jan-Sep
(SRI) - Alliance Bank lost KZT224 billion ($1.5 billion) in the first nine months of 2009, the lender reported on Thursday. In the same period last year, Alliance recorded a loss of KZT988 million ($7 million).
Domestic creditors reject Astana Finance’s debt restructuring plan
(SRI) - Domestic creditors of Astana Finance rejected the proposed debt restructuring plan citing concerns over a lack of transparency and saying it violated a principle of equality among domestic and foreign creditors.
ENERGY:
Eni and KazMunaiGas close to deal
(Financial Times) - Italy’s Eni group and Kazakhstan’s London-listed KazMunaiGas last night signed a preliminary agreement that could result in up to $50bn of investments in the central Asian state’s upstream and downstream oil and gas sectors.
Sinochem near $320-million deal to buy Kazakh oil firm (Reuters)
Caspian Energy announces 3Q financial results (Marketwire)
GE to team with Kazakhstan on turbines (Upstream Online)
MINERAL RESOURCES:
SAT & Company acquires Gornostai nickel and cobalt deposit (Interfax)
KazakhGold appoints HSBC to deal with forthcoming share placing (Small Cap News)
BUSINESS AND ECONOMY:
Kazakhtelecom places new bond issue (SRI)
National Bank of Kazakhstan: Exchange rates November 6, 2009 (Kazakhstan Today)
Indicators - November 5, 2009 (Reuters)
SOCIETY:
Kazakh journalists to set up court reporters NGO (Interfax)
REGIONAL:
Uzbekistan threatens to leave Central Asian power grid (EurasiaNet)
Tajikistan: Business climate improving but corruption remains an obstacle to investment (EurasiaNet)
Russian gas export pipeline projects (Reuters)
Kazakhstan Regional News Roundup - November 6, 2009
Uzbekistan threatens to leave Central Asian power grid (EurasiaNet)
Tajikistan: Business climate improving but corruption remains an obstacle to investment (EurasiaNet)
Russian gas export pipeline projects (Reuters)
Kazakhstan Business and Economy Roundup - November 6, 2009
BTA loses $13.4 billion in Jan-Sep (SRI)
Alliance loses $1.5 billion in Jan-Sep (SRI)
Domestic creditors reject Astana Finance’s debt restructuring plan (SRI)
Kazakhtelecom places new bond issue (SRI)
National Bank of Kazakhstan: Exchange rates November 6, 2009 (Kazakhstan Today)
Indicators - November 5, 2009 (Reuters)
Kazakhtelecom places new bond issue
(SRI) - Kazakhtelecom fully placed its new bond isssue totaling KZT45.5 billion ($302 million), the company said in a press release on Wednesday.
Kazakhstan Energy Roundup - November 6, 2009
Eni and KazMunaiGas close to deal (Financial Times)
Sinochem near $320-million deal to buy Kazakh oil firm (Reuters)
Caspian Energy announces 3Q financial results (Marketwire)
GE to team with Kazakhstan on turbines (Upstream Online)
Domestic creditors reject Astana Finance’s debt restructuring plan
(SRI) - Domestic creditors of Astana Finance rejected the proposed debt restructuring plan citing concerns over a lack of transparency and saying it violated a principle of equality among domestic and foreign creditors, according to a statement published on the Kazakhstan Stock Exchange (KASE).
BTA loses $13.4 billion in Jan-Sep
(SRI) - BTA Bank, until recently Kazakhstan’s biggest bank, lost KZT2 trillion ($13.4 billion) in January through September, the bank reported on Thursday.
Alliance loses $1.5 billion in Jan-Sep
(SRI) - Alliance Bank lost KZT224 billion ($1.5 billion) in the first nine months of 2009, the lender reported on Thursday. In the same period last year, Alliance recorded a loss of KZT988 million ($7 million).
