Kenes Rakishev buys into Magnum Cash & Carry
Businessman Kenes Rakishev has bought a stake in Magnum Cash & Carry retailer network.
Mixed verdict in Samsung-Apple patent trial
Jurors on Friday ordered Samsung to pay just a fraction of the big-money damages sought by Apple in a high-stakes Silicon Valley case over smartphone patents.
Kazakh central bank grants Rakishev permission to purchase BTA Bank
Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
Rolls-Royce says in talks to sell energy unit to Siemens
German engineering giant Siemens, which is seeking to buy French firm Alstom's energy division, is in talks to purchase Rolls-Royce's energy production arm, the British aircraft engine maker said.
Microsoft to sell Xbox One in China in September
Microsoft will later this year start offering its Xbox One game console with a local partner in China, where such devices were banned for more than a decade.
Apple, Samsung make final pitches in high-stakes trial
Apple and Samsung made their final pitches to jurors on Tuesday in a big-money smartphone patent trial playing out in the heart of Silicon Valley.
Germany's Bayer says new products drive Q1 growth
German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said on Monday it turned in a better first quarter performance than expected thanks to healthy growth driven by new products.
KEGOC might float stock this December
KEGOC might float its shares at the People’s IPO in Kazakhstan in December 2014.
India to tap in Caspian oil in Kazakhstan
India might become the developer of Kazakhstan’s Abai oil block at the Caspian Sea.
Apple splitting stock as iPhone sales soar
Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing."
GSK, Novartis unveil major healthcare revamp
British pharmaceutical giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.
China's Shandong Airlines orders 50 Boeing planes for $4.6 bn
Shandong Airlines, one of China's smaller carriers, said it has agreed to buy 50 passenger planes from US manufacturer Boeing for $4.6 billion, in another sign of the country's growing demand for air travel.
Mattel reports loss as Barbie sales plummet
Toymaker Mattel has a problem: Barbie's performance has not been very pretty of late.
LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec
According to Vagit Alekperov, LUKOIL head, the company plans to redirect funds into geological exploration, including in the Kazakhstan’s part of the Caspian Sea.
Samruk-Kazyna Head on forthcoming IPOs and privatization plans
According to him, plans are there to offer shares in 103 companies belonging to Samruk-Kazyna in 2014-2016.
Citigroup cuts 200-300 jobs
US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
Air Astana dropped from EU's grey list
Air Astana left the European Commission’s "grey list" and can now increase the number of flights to the European Union countries.
US launches probe into weight loss company Herbalife
US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday.
Chevron, YPF ramp up Argentina shale investment
US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank
Kazakhstan businessman Bulat Utemuratov has received a permission from the Central bank to finalize his purchase of Alliance Bank and Temirbank.