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Toshiba nearing deal on Bulgarian nuclear reactor deal Toshiba's US unit is nearing a deal estimated at almost $5 billion to build a nuclear reactor in Bulgaria, a report said Thursday, as Japanese firms eye atomic contracts overseas after the Fukushima crisis erased demand at home.

03 July 2014

BTA files motion to dismiss fraud lawsuit in US Kazakhstan’s BTA Bank filed a motion to dismiss the lawsuit filed by its creditors in the United States.

02 July 2014

BNP fined $8.9 bn for breaking US sanctions on Iran, Sudan BNP Paribas pleaded guilty to US criminal charges of violating sanctions on Iran and Sudan for eight years and was fined a record $8.9 billion.

01 July 2014

KazPost manager earns 100 times more than village postman: Senator A huge difference in wages of general and managerial personnel in Kazakh national mail operator KazPost outrages Senator Dzhalmagambetova.

29 June 2014

Chevron, Lukoil eyeing new project in Kazakhstan Chevron, Lukoil and other major companies are eyeing a new Eurasia Project in Kazakhstan, an oil production project in the Caspian Lowland.

19 June 2014

Transition to new Kashagan operator started in May: NCOC North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.

18 June 2014

American Airlines, owed $750 mn, trims flights to Venezuela American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.

18 June 2014

Hong Kong steel firm pays $470 mn for 5-star Paris hotel A Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists' desire for luxury travel.

18 June 2014

Abramovich co-invests in Israeli StoreDot with Kazakhstan's Rakishev Russian businessman Roman Abramovich has invested $10 million into an Israeli start-up StoreDot, a bio-organic materials based electronics developer.

17 June 2014

Shell reduces holding in Woodside Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.

17 June 2014

China Eastern to buy 80 Boeing 737s US aerospace giant Boeing said Friday that China Eastern Airlines has agreed to buy 80 737 aircraft, its biggest single-aisle purchase to date by a Chinese airline.

14 June 2014

Kyrgyzstan grants gold mine operating permits to Centerra Kyrgyzstan has granted a gold mine operating permit to Canada's Centerra Gold, barely making the deadline for a threatened shutdown of operations.

14 June 2014

Emirates cancels order for 70 Airbus planes: firm Emirates airline announced on Wednesday that it had cancelled an order for 70 long-haul A350 planes from European manufacturer Airbus.

11 June 2014

Sony back at top of console sales after eight years Sony have topped worldwide sales of video game consoles for the first time in eight years, a newspaper reported Saturday, pipping struggling rival Nintendo and signalling the Playstation manufacturer's comeback.

08 June 2014

Exxon may take over as Kashagan operator Exxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.

07 June 2014

LATAM Airlines crews threaten strike on eve of World Cup Maintenance crews at LATAM Airlines, the region's biggest carrier, threatened Wednesday a 48-hour strike that could delay flights on the first days of the World Cup in Brazil.

05 June 2014

Japan's Dai-ichi Life to buy US firm for $5.7 bn Dai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home.

04 June 2014

El Salvador joins cut-rate oil grouping El Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.

03 June 2014

New Apple software brings Macs and iPhones closer Apple on Monday unveiled new operating software it hopes will create a seamless experience for users flitting between its coveted mobile devices and popular Macintosh computers.

03 June 2014

Saudi tests Cadbury chocolate for pork traces Saudi Arabia has withdrawn Cadbury chocolate bars from the market for tests to ensure the products do not contain traces of pig DNA, after the banned substance was detected in Malaysia.

03 June 2014

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