News: Tuesday, February 02, 2010 
Article of the Day
Masimov – develop Banking Transparency Legislation
Prime Minister of Kazakhstan Karim Masimov at a government session, ordered the government to develop legislation designed to enhance transparency in banking activity in Kazakhstan, Kazakhstan Today reports.
"The head of state said banks should only be engaged in banking activity, and they should not have any communication with various affiliated structures," Masimov reminded.
He assigned the Agency for Financial Supervision, the National Bank, the Ministry of Economy and the Ministry of Finance to develop corresponding proposals and draft legislation by May 1, which then will be brought to the parliament, according to Kazakhstan Today.
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Kazakhstan General
Saudabayev, Clinton to discuss Strategic Partnership
Secretary of State and Minister for Foreign Affairs of Kazakhstan, Kanat Saudabayev, during his official visit to the US, to take place from February 2 until
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Nazarbayev sets Ambitious Development Agenda for Astana
With Kazakhstan’s economy on the up-tick, President Nursultan Nazarbayev is setting some ambitious development goals for the Central Asian state.
Nazarbayev sketched his vision during his annual
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Kazakhstan to send $100 Thousand to Haiti
Kazakhstan will send to Haiti US $100,000 in humanitarian assistance, Kazakhstan Today reports citing a press release from the Emergencies Ministry.
"The government of Kazakhstan has made
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Drying Lake Balkhash threatens Southeast Kazakhstan
Kazakhstan is already the site of one of the world’s worst environmental catastrophes, the drying of the Aral Sea. Now there are fears of a similar
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Prime Minister tells Health Ministry to get control of Hepatitis C Situation
During a Ministry of Health board session on Saturday Prime Minister of Kazakhstan, Karim Masimov ordered the Health Ministry to review the recent spate of juvenile
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Oil and Gas Sector
Kazakhstan Oil Fund to reach $90 Billion in 2020
Kazakhstan plans to increase the assets in its sovereign fund to $90 billion by 2020 from current $24.4 billion while allocating $8 billion a year from
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Kazakhstan wants Stake in Karachaganak Field to Get More Profit
Kazakhstan wants a stake in the BG Group Plc-led Karachaganak field to increase the country’s profit from the venture, the state oil company said.
“At the
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Prime Minister tells Parliament to regulate Mineral Oil Prices
Prime Minister of Kazakhstan, Karim Masimov, at a government session on Saturday told the parliament to introduce in March, the state regulation mineral oil prices, Kazakhstan
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Finance and Investment
Kazakhstan Banks' Bad Loans to peak in 2010 - S&P
Bad loans held by Kazakh banks are set to peak this year and investors are already showing interest in fresh Kazakh debt, despite a number of
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Kazakhstan’s Living Wage was KZT 12,141 in 2010
Kazakhstan’s living wage in January 2010 was KZT 12,141, the Statistics Agency of Kazakhstan stated.
According to the Statistics Agency, average per capital living wages, calculated from
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January Inflation reached 1.4%
In January 2010, inflation in Kazakhstan averaged 1.4%, Kazakhstan Today reports citing the Statistics Agency.
"Food prices grew last month by 1.1%, non-food - by 0.3%, and
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Nazarbayev tells Akims to work with Private Sector
President Nursultan Nazarbayev, during a session of the Bureau of the Nur Otan Political Council, told regional and oblast akims to speed up their work with
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Masimov tells Government to Create Legislation to Improve Business Climate
Prime Minister of Kazakhstan, Karim Masimov, at a government session on Saturday, assigned the government to prepare a package of documents to improve the business climate
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Metals and Minerals
EU Quota Utilization Levels of Russia and Kazakhstan
As of February 1, 2010, Russia utilized five percent of its new steel quota of 3,184,445 mt allocated to it by the European Union (EU) for
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Trade and Consumer Goods
Food Prices grew 3.9%in January
Food prices in January 2010 in Kazakhstan compared to January 2009 grew by 3.9%, Statistics Agency reported.
"In January 2010, compared to January 2009, the price for
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Communications and Transportation
NATO and Kazakhstan Reach Transit Pact for Afghanistan
NATO and Kazakhstan completed an agreement Wednesday that will permit NATO allies to ship cargo through Kazakhstan’s territory to Afghanistan, providing an important alternative to vulnerable
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Regional Business News
Russia’s Evolution, seen Through Golden Arches
Viktor A. Semenov was growing lettuce on a collective farm outside Moscow in 1990 when a representative of McDonald’s stopped by. The company had just opened
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Kyrgyz Protesters seek Protection for Migrants in Kazakhstan
About 100 protesters in downtown Bishkek today demanded that the government do more to protect Kyrgyz migrant workers' rights in neighboring Kazakhstan, RFE/RL's Kyrgyz Service reports.
The
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Uzbekistan wants Afghan Fight to end, Better US Ties
Uzbekistan, which serves as a supply route for military operations in Afghanistan, wants Western powers to stop using force against the Taliban and focus instead on
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: February 2, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: February 2, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: February 2, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
74.69
|
.26
|
.35
|
01:28 |
| Dated Brent Spot |
73.16 |
.05 |
.07 |
01:36 |
| WTI Cushing Spot |
74.43 |
1.54 |
2.11
|
02/01 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
196.40
|
.91
|
.47 |
01:12
|
| Nymex RBOB Gasoline Future |
194.07
|
.86 |
.45 |
01:25 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
5.48 |
.05 |
.85 |
01:16 |
| Henry Hub Spot |
5.29 |
.04 |
.76 |
02/01 |
| New York City Gate Spot |
6.02 |
-1.30
|
-17.76 |
02/01
|
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Commodities
Date: February 2, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
306.150 |
-2.200 |
-0.71 |
01:29 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1103.700 |
-1.300 |
-0.12 |
01:28 |
| SILVER FUTURE (USD/t oz.) |
16.650 |
-0.010
|
-0.06
|
01:29 |
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Metal Prices
Date: February 2, 2010; Source: Kitco.com
| Silver |
16.62 |
-0.05 |
| Platinum |
1545.00 |
-4.00
|
| Palladium |
423.00 |
-6.00
|
| Rhodium |
2,310.00 |
0.00
|
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Exchange rates
Date: February 2, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.95 |
1 CHF |
KZT 139.75 |
1 CNY |
KZT 21.67 |
1 TRY |
KZT 99.40 |
10 JPY |
KZT 1.64 |
| 1 EUR |
KZT 205.58 |
1 AUD |
KZT 130.60 |
1 KGS |
KZT 3.35 |
1 UZS |
KZT 0.10 |
|
|
| 1 GBP |
KZT 235.57 |
1 CAD |
KZT 138.40 |
1 RUB |
KZT 4.88 |
100 KRW |
KZT 12.66 |
|
|
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