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Economy

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Upbeat New Zealand heading back to the black Upbeat New Zealand heading back to the black New Zealand on Thursday bucked the international trend toward austerity budgets and lifted spending modestly, while still predicting its books will be back in the black within two years.
16 May 2013
Toyota becomes Asia's biggest firm by market value Toyota becomes Asia's biggest firm by market value Toyota has accelerated past South Korea's Samsung Electronics to become Asia's biggest company by market value, after the Japanese automaker's shares doubled in the past year.
16 May 2013
BHP to scale back capital spending by a fifth BHP to scale back capital spending by a fifth Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.
15 May 2013
Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.
14 May 2013
Kazakhstan might launch a single system of ATMs operated by the Central Bank Kazakhstan might launch a single system of ATMs operated by the Central Bank According to Gregory Marchenko, the Central Bank Governor, the suggested single system of ATMs will enable to cut down the service fee twofold as compared to the current average rate.
14 May 2013
Sales of Government’s stakes in bailed out banks is not a solution to toxic assets: Fitch Ratings Sales of Government’s stakes in bailed out banks is not a solution to toxic assets: Fitch Ratings According to Charles Seville of Fitch Ratings, the real growth of lending in Kazakhstan “only stands at 5%, which is lower than in Russia, Mexico, Turkey and Azerbaijan.
14 May 2013
Kazakhstan gains lines in WEF's Global Information Technology Report Kazakhstan gains lines in WEF's Global Information Technology Report Kazakhstan has gained 23 lines in the WEF's Networked Readiness index since last year.
14 May 2013
Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning May 10 the European Bank for Reconstruction and Development cut down its economy growth estimated for Kazakhstan from 6% to 4.9%.
14 May 2013
Romania, Kazakh oil firm settle debt dispute Romania, Kazakh oil firm settle debt dispute Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
13 May 2013
TENGRI LIFE
TENGRI TRAVEL
G7 talks growth, austerity amid yen concerns G7 talks growth, austerity amid yen concerns The G7 top economies are set for a second day of talks aimed at spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars".
12 May 2013
Icahn revamps Dell offer, calls buyout 'giveaway' Icahn revamps Dell offer, calls buyout 'giveaway' A battle for US computer giant Dell heated up Friday as corporate raider Carl Icahn and other investors made a new offer and called a planned buyout led by company founder Michael Dell a "giveaway."
11 May 2013
New Zealand's Mighty River in strong stock market debut New Zealand's Mighty River in strong stock market debut Shares in hydro-electric generator Mighty River Power debuted on the New Zealand stock exchange at NZ$2.73 ($2.29) Friday, a 9.2 percent premium on the NZ$2.50 initial public offer (IPO) price.
11 May 2013
Turkish Airlines reverses lipstick ban for stewardesses Turkish Airlines reverses lipstick ban for stewardesses Turkish Airlines has reversed a ban on air hostesses wearing brightly-coloured lipstick following accusations it was trying to Islamise the company under government influence.
10 May 2013
G7 nations meet as US pressures Europe over austerity G7 nations meet as US pressures Europe over austerity Finance ministers and central bank chiefs from the Group of Seven leading economies will meet in the English countryside on Friday for talks on spurring growth, amid US-Europe divisions over the scale of austerity.
10 May 2013
Sri Lanka cuts lending rates hoping for growth Sri Lanka cuts lending rates hoping for growth Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.
10 May 2013
Kazakhmys cuts administrative salaries by third: media Kazakhmys cuts administrative salaries by third: media Kazakhmys Corporation has axed salaries of its administrative personnel by almost one third.
08 May 2013
Branson open to total sale of Virgin Australia Branson open to total sale of Virgin Australia Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline's branding is more important to him than ownership.
08 May 2013
Kazakhstan's balance $1.65 billion in black Kazakhstan's balance $1.65 billion in black Kazakhstan's current accounts balance was $1.65 billion in surplus in January-March 2013.
08 May 2013
GM recalls 43,500 hybrid cars in US, Canada for fire risk GM recalls 43,500 hybrid cars in US, Canada for fire risk General Motors is recalling nearly 43,000 hybrid vehicles in the United States and around 500 in Canada to fix a defect that could cause a fire in the trunk.
08 May 2013
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