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High-flying hopes of nonexistent planes in Kazakhstan The first aircraft plant in Kazakhstan has not produced a single flying plane. Why?

24 July 2014

Kazakhstan and Russia discuss extending sales contract for Karachaganak gas Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.

24 July 2014

Canadian aviation giant Bombardier to cut 1,800 jobs Canada's Bombardier will cut 1,800 jobs, the troubled aviation giant announced Wednesday in a major reorganization.

24 July 2014

Air Astana conducts first flight to Ukraine since MH17 crash Air Astana has made its first flight to Kiev since the crash of Malaysia Airlines Boeing 777 over Donetsk region in Ukraine.

22 July 2014

Russian steelmaker Severstal announces sale of US plants Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).

22 July 2014

FedEx indicted for shipping illegal online pharmacy meds The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.

19 July 2014

Kazakh airlines to cease using Ukraine airspace Kazakhstani airlines were advised against flying over Ukraine.

19 July 2014

Air Astana changes routes to avoid crossing Ukrainian air space Kazakhstani airlines company Air Astana will change the routes of some of its flights away from Ukrainian airspace.

19 July 2014

Government slaps $579 million penalty on India's Reliance The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.

16 July 2014

Samsung finds 'evidence' of child labour at China plant Samsung said Monday it had temporarily suspended business with one of its suppliers in China after finding "evidence" of possible illegal child labour at the plant.

15 July 2014

Kashagan to be developed by consolidated company Kashagan will be developed by a consolidated joint venture company.

14 July 2014

Softbank in deal to merge Sprint, T-Mobile: report Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.

12 July 2014

Ride-share operator Lyft's New York launch hit snag Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.

12 July 2014

Japan shipping giant plans first regular Arctic route Japan's Mitsui O.S.K. Lines announced plans for the world's first regular commercial shipping route through the Arctic Ocean, starting in 2018, in an attempt to reduce sailing times.

09 July 2014

Chinese court rules against Apple in patent case US technology giant Apple has lost a lawsuit against a Chinese state regulator over patent rights to voice recognition software such as the iPhone's "Siri", a Beijing court said.

09 July 2014

4 Kazakh companies to float in People's IPO Four big Kazakhstani companies will offer their shares during the People's IPO.

09 July 2014

New Air Kazakhstan airplanes presented in Astana Bombardier Aerospace has presented a Q400 NextGen airplane in Astana. Kazakhstan is planning to purchase several of those for its new airlines.

08 July 2014

Samsung Electronics flags 25% plunge in Q2 profit Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.

08 July 2014

Samruk-Kazyna withdraws from Temirbank Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.

07 July 2014

Kazkom-BTA merger may produce largest universal bank in region Kazkommertsbank and Kazakh businessman Kenes Rakishev have completed the acquisition of BTA Bank from Samruk Kazyna Kazakhstan's national wealth fund.

07 July 2014

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