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Germany's Siemens says nearly 12,000 jobs under threat German industrial giant Siemens said Friday it was weighing cuts of nearly 12,000 jobs around the world as part of a major restructuring.

01 June 2014

Spain okays Repsol plan for Canary Islands exploration The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

30 May 2014

Starbucks comes under 7-Eleven control in Australia The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its fortunes, the company said.

29 May 2014

Accor buys 97 hotels in Europe for 900 mn euros Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total of 900 million euros ($1 billion).

28 May 2014

Sony to sell PlayStation in China through new ventures Sony will bring its PlayStation consoles to China through two joint ventures, its Chinese partner said Monday, as the Japanese gaming giant seeks to tap a newly opened market.

27 May 2014

Mining giants slam Australia's 'high' taxes, costs and currency Three of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.

26 May 2014

Kazahstani banks initiate WhatsApp call-center services Kazakhstani banks are starting to provide consultations over WhatsApp.

22 May 2014

Australia's Treasury Wines rejects $2.85 bn takeover offer Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.

21 May 2014

South Korea's Kumho to upgrade Philippine airport A South Korean firm has won an $82.9-million contract to upgrade an airport at one of the Philippines' hottest tourist destinations, authorities said.

20 May 2014

Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.

20 May 2014

Credit Suisse guilty on US felony charge, pays $2.6 bn Credit Suisse pleaded guilty and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

20 May 2014

AstraZeneca rejects Pfizer's final $117bn bid British drugs giant AstraZeneca rejected on Monday a final takeover bid from US rival Pfizer worth $117 billion, saying it undervalued the firm and created uncertainty and risk for shareholders.

20 May 2014

Yahoo Japan cancels $3.2 bn plan to buy eAccess Internet giant Yahoo Japan said Monday it had cancelled plans to buy domestic telecom company eAccess from its parent SoftBank Corp. in a deal that was valued at about $3.2 billion.

20 May 2014

Mass layoffs expected at ArcelorMittal Temirtau ArcelorMittal Temirtau plans to dismiss almost one thousand Kazakhstan workers in 2014.

16 May 2014

Massive PNG gas project loads first shipment Australian energy firm Santos said Friday the first exports from its huge US$19 billion gas project in Papua New Guinea will soon depart for Japan, four years after the joint venture was given the go-ahead.

16 May 2014

KazMunaiGas discovers new oil KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.

16 May 2014

Petrobras probe on US refinery 'near end' An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.

13 May 2014

Air Astana to launch more flights to Europe Kazakhstan’s Air Astana national airline will be performing charter flights from Almaty and Astana to several South European tourist cities.

12 May 2014

Rakhat Confectionary to expand to China and South Korea Rakhat, a major Kazakhstani confectionary company, plans to expand into foreign markets.

10 May 2014

New operating company for Kashagan Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.

08 May 2014

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