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Companies - страница 50

HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.

05 December 2012

Russian shareholder drops $9 bn BP suit: report A minority shareholder in BP's Russian joint venture TNK-BP has dropped a long-running $9.3 billion suit against the British oil giant.

05 December 2012

Murdoch's British newspaper chief to leave company Rupert Murdoch's top newspaper lieutenant in Britain is to leave his post at the end of the year, it was announced Sunday, heralding the start of a major shake-up at parent company News Corporation.

03 December 2012

SIA in talks to sell off Virgin Atlantic stake Singapore Airlines said Monday it was in talks with "interested parties" on a possible sale of its 49 percent stake in Virgin Atlantic as media reports listed US carrier Delta Air Lines as a possible buyer.

03 December 2012

Air Astana cancels Semey and Uralsk flights Air Astana will stop flying to Uralsk and Semey because the airports of these cities require a complete overhaul of runways.

02 December 2012

Kazakhstan's Kcell announced IPO price range The Kazakhstan company has set the price range of $10.5 to $13 per one global depositary receipt.

01 December 2012

Spain banks cut thousands of jobs in shakeup Crippled Spanish banks said they would cut thousands of jobs after Brussels on Wednesday gave a green light for a big slice of aid to rescue them with tough conditions.

30 November 2012

Google buys marketing firm to boost discount moves Google has agreed to buy the marketing firm Incentive Targeting in a move that gives the tech giant more tools to work with retailers on discounts and other promotions.

30 November 2012

BP banned from US government contracts British oil giant BP was temporarily banned from winning new US government contracts Wednesday after agreeing to plead guilty to criminal charges in the deadly 2010 Gulf of Mexico oil spill disaster.

30 November 2012

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Pavlodar steel plant to cut over 400 jobs The company explained that the cuts were a forced measure caused by decreasing demand for their products and shrinking production volumes.

29 November 2012

KazakhTelecom increases profits 5.4-fold Net profit of KazakhTelecom made 216 billion tenge in January-September 2012, which is 5.4 times more than in the same period of 2011.

28 November 2012

Arman Kairdenov appointed Director General of Atyrau oil refinery Arman Kairdenov replaced Talgat Baitaziyev who resigned earlier.

27 November 2012

ConocoPhillips to sell its stake in Kashagan to India’s ONGC Videsh Limited The deal is expected to be finalized in the H1 2013. ConocoPhillips’s proceedings from the sale are expected to reach $5 billion.

26 November 2012

Fitch upgraded ratings of Kazakhstan national companies Fitch Ratings has upgraded ratings of Kazakhstan national companies Temir Zholy (railroad operator) and KEGOC (electricity grid operator).

26 November 2012

ArcelorMittal warns France over pressure on Florange Steel giant ArcelorMittal warned the French government Friday that efforts to force it to sell all of its Florange plant, rather than just the parts it wants to close, threaten the company's presence in France.

25 November 2012

Almaty Mayor's son-in-law may buy ATF Bank A son-in-law of Almaty mayor Galymzhan Yessenov is one of the potential buyers of ATF Bank that is going to be sold by UniCredit group.

22 November 2012

KMG EP increased profit by 5% in January-September Net profit of KazMunaiGas Exploration-Production in January-September 2012 went 5% up compared to the same period last year and made $1.2 billion.http://en.tengrinews.kz/admin/news/edit/14653/

22 November 2012

KMG is selling out its assets and facilities KazMunaiGas National Company will sell around 20 non-core assets and 349 non-core facilities within several years.

21 November 2012

ArcelorMittal Temirtau looks to cancel annual readjustment of salaries Management of ArcelorMittal Temirtau has decided to cancel the practice of annual readjustment of its employees' salaries to inflation level.

19 November 2012