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