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Economy

news Kazakhstan Kazakh Kashagan tycoon show purchase China car Asia Pacific
Kashagan consortium partners not willing to purchase ConocoPhillips’s stake: Oil Minister Kashagan consortium partners not willing to purchase ConocoPhillips’s stake: Oil Minister According to him, a potential stakeholder should be fully aware that the bulk of investments is still ahead.
19 April 2013
Luxury car makers seek success in China Luxury car makers seek success in China Construction tycoon Niu Yeqing owns four cars in which he cruises the streets of the Chinese city of Hefei, including a black Mercedes-Benz S600.
19 April 2013
Canada's rising oil production at risk if no new pipelines Canada's rising oil production at risk if no new pipelines North America's pipeline network must be radically redrawn with new links such as Keystone XL to meet growing Canadian oil output, or risk a blow to the country's economy.
19 April 2013
Weak global economy key worry as IMF, World Bank meet Weak global economy key worry as IMF, World Bank meet Advanced and developing countries alike voiced worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity as the IMF and World Bank spring meetings kicked off.
19 April 2013
NGO slams IMF's 'double standard' on austerity NGO slams IMF's 'double standard' on austerity Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.
19 April 2013
APEC warns against currency devaluations, property bubble APEC warns against currency devaluations, property bubble Asia Pacific economies must refrain from competitive currency devaluations and are vulnerable to speculative buying in the housing market.
19 April 2013
World car firms see China market as saviour World car firms see China market as saviour Global auto makers will flock to China's premier car show, affirming its importance as the world's largest vehicle market and the saviour of an industry pummelled by European and US economic woes.
19 April 2013
UN tips faster Asian growth, urges poverty action UN tips faster Asian growth, urges poverty action Asia-Pacific growth will edge up this year on the back of a recovery in the US and emerging nations.
18 April 2013
KazAgroFinance improves leasing of agricultural equipment KazAgroFinance improves leasing of agricultural equipment Kazakhstan's KazAgroFinance has lowered interest rate on agricultural vehicles leasing from 12.8 to 5.8 percent.
18 April 2013
TENGRI LIFE
TENGRI TRAVEL
Gold claws back losses after biggest fall in 30 years Gold claws back losses after biggest fall in 30 years Gold prices recovered slightly Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.
17 April 2013
Sprint counteroffer to make no difference: SoftBank Sprint counteroffer to make no difference: SoftBank Japan's SoftBank said Tuesday it still expects its bid to acquire Sprint Nextel will succeed on schedule in July, despite a higher counter-offer from a US firm.
17 April 2013
Financial police holds international seminar on countering corruption Financial police holds international seminar on countering corruption The international seminar called Experience exchange in development and effective implementation of measures/strategies for prevention of corruption is held in Astana on April 16-18, 2013.
16 April 2013
S. Korea proposes $17.3 bn extra budget for 2013 S. Korea proposes $17.3 bn extra budget for 2013 South Korea proposed Tuesday a 17.3 trillion won ($15.4 billion) supplementary budget to help boost the economy, including further spending on defence at a time of heightened tensions with the North.
16 April 2013
Kazakhstan millionaire Kenes Rakishev among Top 10 world's private investors of 2012 Kazakhstan millionaire Kenes Rakishev among Top 10 world's private investors of 2012 Kazakhstan’s Kenes Rakishev who invested millions of dollars in foreign projects joined the club of the Top-10 private investors of 2012.
16 April 2013
Kazakhstan to produce 300 000 cars a year Kazakhstan to produce 300 000 cars a year In 2012 a total of 100 000 new cars were sold in Kazakhstan, with 20 000 of them being domestically produced.
16 April 2013
Oil tumbles for second day on slower Chinese growth Oil tumbles for second day on slower Chinese growth Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China after data showed the world's second largest economy was not growing as fast as expected.
16 April 2013
China interested in purchasing ConocoPhillips’s stake in the giant Kashagan oilfield China interested in purchasing ConocoPhillips’s stake in the giant Kashagan oilfield According to Kazakhstan’s Oil and Gas Minister, acquiring a stake in Kashagan might be a way to boost the volume of crude to be shipped to China.
16 April 2013
Kazakhstan economy growth to exceed Russia 2.5-fold in 2013 Kazakhstan economy growth to exceed Russia 2.5-fold in 2013 Kazakhstan will achieve the target value of the economy growth set at 6 percent by the end of the year: official.
16 April 2013
KazMunaiGas considering a Eurobond issue KazMunaiGas considering a Eurobond issue The Company has turned to Bank of America Merrill Lynch, Barclays, Halyk Finance and VISOR Capital to arrange meetings with prospective investors to be held starting from April 16.
16 April 2013
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