EU ministers agree on new bank rescue rules European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.
27 June 2013
Moody’s Investors Service on Kazkahstan’s 2013 GDP According to the rating agency, GDP can be maintained at 5% in 2014, with the growth depending on the giant Kashagan oilfield expected to start commercial production later this year.
26 June 2013
Moody’s Investors Service on Kazakhstan’s banking sector The banking system outlook remains negative, experts believe, assigning the problem “to the high share of NPLs and weakened lending growth.
26 June 2013
Miner ENRC rejects £3.0-bn bid by Kazakh consortium Mining giant Eurasian Natural Resources Corp rejected a £3.04-billion ($4.67-billion) takeover offer from a consortium comprising the Kazakh government and the founders of ENRC.
25 June 2013
Pavlodar refinery suspended for overhaul The overhaul will last for one month, until July 25: Director General of Pavlodar Oil Chemical Plant Shukhrat Danbai.
25 June 2013
Kazakhstan bans use of Omsk refinery's bitumen in road construction The bitumen produced by Omsk oil refinery has insufficient rutting resistance: Transport Ministry.
25 June 2013
New York oil soars after Canadian pipelines shut New York oil prices sharply rebounded Monday after a leak forced the closure of Canadian pipelines, raising concerns about supply disruptions in North America.
25 June 2013
Apple slumps below $400 after analyst comments Apple shares fell briefly below $400 Monday after an analyst said the iconic gadget maker is to slash production of its iPhones.
25 June 2013
EU leaders meet as doubts grow over future EU leaders meet this week knowing they have to deliver growth and jobs, especially for the young, as years of debt crisis austerity and soaring dole queues test faith in the European project.
25 June 2013
British economy 'out of intensive care': Osborne Finance minister George Osborne on Sunday said the British economy was "out of intensive care" but that government would stick to a path of deep cuts to public spending.
24 June 2013
Korean company mulls buying Rakhat confectionery plant Korean company Lotte Confectionery mulls buying Kazakhstan’s biggest confectionery plant Rakhat located in Almaty.
24 June 2013
EU finance minister talks break down on bank closure regime European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.
24 June 2013
US cuts prison term of disgraced Enron CEO Skilling A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.
23 June 2013
Hershey pays $4 mn fine for chocolate price-fixing US candy maker Hershey on Friday pleaded guilty to participating in a chocolate price-fixing scheme and paid a CAN$4 million (US$4.2 million) fine.
22 June 2013
Air Astana launched Astana-Bishkek flight Air Astana launched Astana-Bishkek regular flight.
21 June 2013
Apple, US government spar in antitrust trial finale Apple on Thursday dismissed allegations it conspired to raise the price of e-books and said the US government's antitrust case against it would deter new entrants to concentrated markets.
21 June 2013
Halyk Bank may give up on BTA deal The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.
21 June 2013
Kazakhstan 7th in world by vodka consumption Kazakhstan is in top 10 alcohol consumers after Russia, the U.S., Ukraine, Poland, Uzbekistan and Belarus.
20 June 2013
US confidence in newspapers hits new low: poll Confidence in newspapers has taken another hit among Americans, dropping to 23 percent.
20 June 2013
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