Samruk: the outsider’s inside story

Kazakhstan’s president, Nursultan Nazarbayev, has decreed the creation of a state holding company, roughly on Singaporean/Malaysian lines, to oversee and rationalize the country’s lucrative but inchoate collection of state-owned companies and foster corporate governance.

Stock exchanges: Vienna calls time on London

Austria’s Wiener Börse is looking to steal some of the London Stock Exchange’s thunder in 2008 and break its stranglehold on international equity issuance from central and eastern Europe.

Armenia: OMX buys Armenian bourse

Market participants are confident that Scandinavian exchange operator OMX’s acquisition of the Armenian Stock Exchange (Armex) will help to boost interest in the Caucasian republic’s burgeoning capital markets in 2008.