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Economy

news Kazakhstan Kazakh grain agriculture pension fund National Bank Marchenko
Kazakhstan to spend $92 million on 2013 grain reserves Kazakhstan to spend $92 million on 2013 grain reserves 13.75 billion tenge ($91.7 million) were allocated from the state budget for procurement of grain for the state resources.
29 July 2013
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.
29 July 2013
Apple China supplier imposes overtime, hires minors: group Apple China supplier imposes overtime, hires minors: group Three Chinese factories making Apple products impose excessive overtime and employ minors, a US-based advocacy group said, renewing scrutiny of labour practices by the US tech giant's suppliers.
29 July 2013
Depositors to play no role in managing pension savings: Central Bank Governor Depositors to play no role in managing pension savings: Central Bank Governor The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.
29 July 2013
Shift to mobile hits tech giants' bottom line Shift to mobile hits tech giants' bottom line With the shift to mobile Internet gaining pace, some of the big tech firms are adapting and others are not.
27 July 2013
GMAC pays $230 mln to borrowers in foreclosures case GMAC pays $230 mln to borrowers in foreclosures case GMAC Mortgage, a defunct unit of Ally Financial, will pay $230 million to borrowers as part of a government review of potentially flawed foreclosures.
27 July 2013
Oil slips after China orders industrial capacity cuts Oil slips after China orders industrial capacity cuts World oil prices slipped on Friday after China ordered industrial production capacity cuts in the face of slowing economic growth.
27 July 2013
Kashagan to affect oil prices in 2 years Kashagan to affect oil prices in 2 years Commercial production at Kashagan field may put some pressure on the oil prices, but in only the long run.
26 July 2013
Sales of new cars grew 72 percent in Kazakhstan Sales of new cars grew 72 percent in Kazakhstan Sales of new cars grew 72 percent in Kazakhstan in the first half of 2013 compared to the same period last year.
26 July 2013
TENGRI LIFE
TENGRI TRAVEL
Halliburton admits destroying US oil disaster evidence Halliburton admits destroying US oil disaster evidence Halliburton Energy Services has admitted destroying evidence relating to the devastating 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
26 July 2013
Processing grew 14% in Kazakhstan Processing grew 14% in Kazakhstan Kazakhstan’s processing industry grew 14 percent in the first 6 months of 2013.
26 July 2013
Debt, shadow finance bedevil China's economy Debt, shadow finance bedevil China's economy Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
26 July 2013
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.
26 July 2013
Raised offer for Dell hinges on change in vote process Raised offer for Dell hinges on change in vote process Michael Dell and his investor allies modestly boosted their buyout offer Wednesday for the struggling computer giant he founded, and asked the board to change the method for shareholder approval.
25 July 2013
Kazakhstan’s Central Bank seeks to maintain inflation within 6-8% Kazakhstan’s Central Bank seeks to maintain inflation within 6-8% Despite the lingering uncertainty of the global economy, Kazakhstan’s economy has been stable, with the GDP growing 5.1% in the H1 2013. The annual inflation stands at 5.9%: Economy Minister.
25 July 2013
Kazakhstan’s Central Bank on rumors of the Tenge devaluation Kazakhstan’s Central Bank on rumors of the Tenge devaluation For the recent 4.5 years there have been rumors of devaluation more than 15 times: Central Bank Governor Gregory Marchenko.
25 July 2013
Kazakhstan’s travel agencies and smaller airlines moving to launch a single travel coordinating body Kazakhstan’s travel agencies and smaller airlines moving to launch a single travel coordinating body In June due to the bankruptcy of the Turkish Sky Airlines many Kazakhstan tourists failed to come back home from Turkey. Their flights back home was arranged out of the state budget.
25 July 2013
Wells Fargo deposes China's ICBC as world's biggest bank Wells Fargo deposes China's ICBC as world's biggest bank The Industrial & Commercial Bank of China (ICBC) has lost its standing as the world's largest bank by market capitalisation to US-based Wells Fargo.
25 July 2013
Apple tops Wall Street forecasts with hot iPhone sales Apple tops Wall Street forecasts with hot iPhone sales Apple beat Wall Street earnings expectations on Tuesday with help from strong sales of iPhones, boosting a share price weighed down by concerns the company was losing its game-changing cutting edge.
24 July 2013
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