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Metals companies raise salaries in Kazakhstan after devaluation

By Silvia Antonioli<p>LONDON, Feb 17 (Reuters) - Miners Kazakhmys and ENRC and steelmaker ArcelorMittal Temirtau are to raise salaries for staff in …

Salaries & Wages

Hong Kong-Singapore Builder Slump to Deepen: Chart of the Day

Property developers in Hong Kong and Singapore will extend the biggest declines among global peers as government curbs deter buyers in Asia’s most …

Currency devaluation in Kazakhstan

What devaluation actually means

THE opening paragraph of Bloomberg's news story on Venezuela's currency move is a classic example of what devaluation actually means.<p>Venezuelans …

The Post

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Kazakhstan surprises with big devaluation of its currency

Kazakhstan has devalued its currency, the tenge, by 19 percent.<p>It had been undermined by Russia – its main trading partner – allowing the rouble to slide.<p>Moscow did that as investors bailed out of emerging market currencies due to the scaling back of US monetary stimulus.<p>Kazakhstan also has a …

Markets

What happens after the fall

I HAD an interesting email exchange with Tyler Cowen last week concerning the ongoing blogospheric discussion over devaluation as a crisis-fighting …

Mayor of Almaty orders to keep prices down

The Akim (Mayor) of Almaty Akhmetzhan Yesimov has instructed the city authorities to keep prices down amid the devaluation of tenge.

20% hike: Big stores in Kazakhstan change prices amid tenge devaluation

Bely Veter store closed. ©Marat Abilov<p>The note says that the store is closed until 3:00 p.m. ©Marat Abilov<p>Some people hurry to make purchases at old …

Dollar explodes in Kazakhstan: 200 tenge per dollar

Possible currency rate according to the bank officials. Photo ©Tengrinews<p>Currency exchange rates in Almaty. Photo©Tengrinews<p>Currency exchange rates …

I only learned about tenge devaluation last night: Central Bank Governor

There can’t have been any leaks as we only made the decision yesterday after the Stock Exchange trades were over: Kairat Kelimbetov.

Kazakhstan Devalues Amid Outflows From Emerging Markets

Kazakhstan’s central bank devalued the tenge by the most since 2009 as reduced bond buying by the U.S. Federal Reserve sparks capital outflows from …

UK WINNERS LOSERS: Kazakhmys Revalued As Tenge Is Devalued

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information …

Untengeable

2014-02-11T09:01:05.000Z<p>By: Dan McCrum<p>Competitive devaluation is a go, starting in the ‘Stans.<p>The official rate of the Kazakh Tenge has fallen to to …

Kazakhstan Devalues National Currency

ALMATY, February 11 (RIA Novosti) – Kazakhstan’s central bank devalued the national currency by 18.9 percent Tuesday in an effort to prevent the …

Global asset management - The Value Perspective

Be wary of any explanations for the FTSE 100 ups and downs<p>There has been no shortage of explanations offered for the recent behaviour of financial …

Kazakhstan devalues tenge by almost 20%

Kazakhstan has become the latest country to weaken its currency in response to a round of regional devaluations and a worsening outlook for commodity …

Economy

Ukraine’s hryvnia sinks to five-year low

A devaluation of Ukraine’s currency is gathering pace as political crisis and market pressures force the central bank to abandon a four-year peg to …

Bank of America