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Struggling Australian carrier Qantas to axe 5,000 jobs Struggling Australian carrier Qantas Thursday said it will axe 5,000 jobs, defer aircraft deliveries and freeze growth at Asian offshoot Jetstar in a major shake-up after deep first-half losses, warning of more pain to come.

27 February 2014

80 Kazakhstan travel agencies to claim damages from Turkish companies 78 Kazakhstan travel agencies have requested the General Prosecutor's Office to assist them in claiming damages from Turkish companies over disrupted tours in 2013.

27 February 2014

80 Samruk-Kazyna companies may be privatized in 2014 Around 80 companies that are part of Kazakhstan's Samruk-Kazyna Sovereign Wealth Fund might be privatized in 2014.

27 February 2014

Halyk Bank to purchase Kazakhstan-based HSBC subsidiary According to the press-release, the deal is subject to approval and is expected to be finalized in 2014.

26 February 2014

Kazakhstan to launch another airline: President Nazarbayev We are interested in Bombardier’s entering the Kazakh market. In this context we plan to launch Air Kazakhstan airline to perform domestic flights: Nursultan Nazarbayev.

26 February 2014

Max Petroleum may be up for sale British Max Petroleum Plc, a Kazakhstan-focused oil and gas exploration and development company, may be on the verge of sale.

26 February 2014

Greenpeace accuses P&G over Indonesian forest destruction Environmental group Greenpeace on Wednesday accused US consumer goods giant Procter & Gamble of responsibility for the destruction of Indonesian rainforests and the habitat of endangered orangutans and tigers.

26 February 2014

New CEO for BTA Bank appointed Magzhan Auezov, a Kazkommertsbank Member of the Board, has been appointed the new CEO of BTA Bank.

26 February 2014

BTA suspends lending operations in the wake of 20% currency devaluation According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.

26 February 2014

KazMunaiGas head on decreasing fuel supplies from Russia Given the domestic prices for fuel the Russian supplies are set to decrease: Sauat Mynbayev.

25 February 2014

TengizChevrOil brings payments to Kazakhstan to $15 billion TengizChevrOil brought its direct payments into the Kazakhstan budget to $15 billion in 2013.

25 February 2014

GE to hike pro-environment energy research by $10 bn US industrial conglomerate General Electric said Monday it would boost spending on environmentally friendly energy research by $10 billion by 2020, including on fracking technologies and wind turbines.

25 February 2014

Kazakhmys to increase wages of its workers Kazakhmys Plc has announced a wages raise for its industrial personnel.

24 February 2014

Largest Kazakhstan companies to increase salaries from April 2014 KazZinc, ENRC and ArcelorMittal Temirtau will increase their employees' wagas by 10% starting from April 2014 because of the 20% tenge devaluation.

24 February 2014

Australia not willing to pay Kazakhstan for sick cows Kazakhstan is compelled to bring Australian sick cows supplier through diplomatic channels.

22 February 2014

Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign Vyacheslav Kim, Chairman of the Board, has refuted the rumor that the announced amount would be paid to the country’s General Prosecutor’s Office.

20 February 2014

Kaspi Bank depositors withdraw $212 million in a bank run The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.

20 February 2014

Facebook bets big on mobile with $19 bn WhatsApp deal Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp.

20 February 2014

ArcelorMittal Temirtau denies job cuts ArcelorMittal Temirtau has denied nurturing plans to lay off its employees.

17 February 2014

Kenes Rakishev, new chairman of BTA Bank Board of Directors Kazakhstan businessman Kenes Rakishev has become the new chairman of Kazakhstan-based BTA Bank's Board of Directors.

17 February 2014

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