Debt Capital Markets

Kazakhstan: Light at the end of the tunnel

Kazakhstan: Light at the end of the tunnel

With even beleaguered BTA now turning a profit, the future looks a little brighter for Kazakhstan's banks. But with bad loans still weighing on balance sheets, the hard work isn't over yet. Tim Burke reports.

Cover story: End of an era

Cover story: End of an era

Investors have tried and failed to second-guess when the tapering of quantitative easing will start. When it does, the impact on emerging markets will be profound. Rod James reports.