Edition:
India

Mariya Gordeyeva

Shuttered at home, cement plants bloom along China's new Silk Road

31 Jan 2019

HANGZHOU, China/SHIELI, Kazakhstan On a windswept steppe in southwestern Kazakhstan, the new Chinese-backed cement plant on the outskirts of the village of Shieli stands as a gleaming symbol to some of the Central Asian country's industrialization.

Exclusive: Kazakhstan urgently looking for bank to take over Tsesnabank - sources

25 Jan 2019

ALMATY The Kazakh authorities are urgently looking for a bank to take over no. 2 lender Tsesnabank as they believe it needs new financing to prevent a collapse, three sources familiar with the discussions told Reuters.

Exclusive: Kazakh state pension fund was major investor in Kazatomprom IPO - sources

16 Nov 2018

ALMATY Kazakhstan’s state-run pension fund has bought one-third of the shares sold by uranium miner Kazatomprom in its $450 million London and Astana initial public offering (IPO) this week, two sources familiar with the deal told Reuters.

Kazakh state pension fund was major investor in Kazatomprom IPO: sources

16 Nov 2018

ALMATY Kazakhstan’s state-run pension fund has bought one-third of the shares sold by uranium miner Kazatomprom in its $450 million London and Astana initial public offering (IPO) this week, two sources familiar with the deal told Reuters.

Exclusive: Kazakh Tsesnabank borrows more from c.bank, plans large bond sale -CEO

19 Oct 2018

ALMATY Kazakhstan's second-biggest lender by assets, Tsesnabank , has received additional short-term funding from the central bank and plans to raise longer-term financing by selling over 250 billion tenge ($686 million) in domestic bonds next month, its chief executive told Reuters.

Kazakhstan presses ahead with plans for IPO of state oil firm -sources

17 Sep 2018

LONDON/MOSCOW/ALMATY, Sept 17 The government of Kazakhstan has invited international investment banks to pitch for roles in listing the state oil company KazMunayGaz (KMG) in London, five sources familiar with the matter said.

Liquidity drops at two large Kazakh banks in second quarter

29 Aug 2018

ALMATY, Aug 29 Two Kazakh banks, including the central Asian nation's No.2 lender by assets, have posted sharp drops in liquid assets in the second quarter, an analysis of official data showed, though the central bank said they were meeting regulatory requirements.

Thousands mourn Kazakh skating Olympic medallist Denis Ten

21 Jul 2018

ALMATY Thousands of mourners packed into a sports hall to remember Kazakh figure skater Denis Ten on Saturday, two days after he was stabbed to death in the street in Almaty.

KazMunayGaz deal to sell stake in Romanian arm to China's CEFC falls apart: sources

03 Jul 2018

BEIJING/ALMATY The deal by Kazakh state energy firm KazMunayGaz to sell 51 percent of its Romanian business to Chinese energy giant CEFC has fallen apart, three sources familiar with the talks told Reuters.

Kazakhstan's new financial hub seeks IPO monopoly

17 May 2018

ASTANA Kazakhstan's new foreign investment hub the Astana International Financial Centre (AIFC) has asked the government for exclusive rights to public offerings of some of the country's most prized assets due to be sold later this year.

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