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Intel lays off of 1,500 employees in Costa Rica US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees.

09 April 2014

Kazakhmys sells 50% in Ekibastuz GRES-1 to Samruk-Energo Kazakhmys PLC has finalized the sale of 50% in Ekibastuz GRES-1 to Samruk-Energo JSC for $1.25 billion.

08 April 2014

Civil Aviation Committee launches a comprehensive inspection of SCAT airline April 7, 2014 a Boeing 737 operated by SCAT made an emergency landing at the airport of Astana. January 29, 2013, a CRJ 200 operated by SCAT, crashed 5 kilometers away from Almaty.

08 April 2014

Indian drug maker Sun to buy troubled peer Ranbaxy for $4.0 bln Top Indian drug giant Sun Pharmaceutical Industries said Monday it had agreed to buy its troubled peer Ranbaxy for $4.0 billion in stock, ending its ill-fated six-year control by Japan's Daiichi Sankyo.

07 April 2014

US allows Boeing to sell plane parts to Iran The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.

05 April 2014

China's Huawei partners with Paris SG football club Chinese tech giant Huawei has signed a three-year sponsorship deal with Paris Saint-Germain, one of Europe's biggest football clubs, the French club announced Saturday.

05 April 2014

Over 100 workers go on strike demanding higher wages in Western Kazakhstan More than one hundred employees of Techno Trading LLP refused to continue working in demand of an increase in wages.

04 April 2014

KazMunaiGas quits White Bear JSC KazMunaiGas (KMG) decided to quit White Bear project.

04 April 2014

Novartis replaces top Japan executives over drug trial scandal Swiss pharmaceutical giant Novartis said Thursday it was replacing the top executives at its Japanese unit over allegations the division hid serious potential side effects of leukaemia treatments from regulators.

03 April 2014

Lufthansa flights to return to normal Saturday: CEO German airline Lufthansa, which is currently battling the biggest strike in its history, expects normal services to be up and running on Saturday, its chief executive said.

03 April 2014

Mining giant BHP mulling demerger Global mining giant BHP Billiton is considering spinning-off its aluminium, bauxite and nickel assets into a single entity that would be worth about Aus$20 billion ($18.5 billion), reports said Wednesday.

02 April 2014

Pilots' strike grounds Lufthansa Lufthansa, Germany's biggest airline, said Monday it will be forced to cancel most of its flights later this week, grounding as many as 425,000 passengers, due to a pilots' strike.

01 April 2014

S.Korea's Samsung SDI absorbs materials unit Samsung SDI, the world's largest smartphone battery maker, said Monday it would absorb an affiliate producing electronic chemical materials, in the latest restructuring of the giant Samsung Group.

31 March 2014

Italian firm wins $1.2 bn Lima metro contract Italian industrial giant Finmeccanica on Friday said it had won a $1.2 billion (873 million euro) contract for building and operating unmanned metro lines in Lima.

30 March 2014

BlackBerry posts fresh losses, but sees upside BlackBerry reported fresh losses Friday but offered some reasons for optimism as the smartphone maker struggles to escape from a death spiral.

30 March 2014

Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.

29 March 2014

McDonald's entering Kazakh market A McDonald's in Almaty, the biggest city in Kazakhstan, is to be launched May 1 on Arbat, the main pedestrian zone. The fast food outlet in Astana is to be launched June 1 in Khan Shatyr shopping mall.

28 March 2014

Prodigal son returns as Murdoch sets succession plan Rupert Murdoch's prodigal son is back, with key roles in the family's media entertainment empire in what appears to be a succession plan for the 83-year-old tycoon.

27 March 2014

KazTransOil to increase oil pumping tariffs KazTransOil will increase oil pumping tariffs on exported oil starting from April.

27 March 2014

China firm aims for the sky with Russia plane project: reports A little-known Chinese firm hopes to set up a facility to assemble regional jets made by Russia's Sukhoi in a multi-billion-dollar deal, state media reported.

27 March 2014

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