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Economy

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Royal Bank of Scotland posts 2012 net loss of £5.971 billion Royal Bank of Scotland posts 2012 net loss of £5.971 billion State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.
28 February 2013
Sony sells Tokyo office building for $1.2 bn Sony sells Tokyo office building for $1.2 bn Sony said Thursday it has sold one of its main buildings in Tokyo for $1.2 billion as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet.
28 February 2013
Astana to get high-speed buses Astana to get high-speed buses This will allow us to transport a good number of passengers and improve organization of road traffic in general: Astana Mayor.
28 February 2013
Australian government pension fund dumps tobacco Australian government pension fund dumps tobacco The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.
28 February 2013
Kazakhstan government to pay $3 million for seeds Kazakhstan government to pay $3 million for seeds Seeds deficiency is expected in the amount of 80 thousand tons this year in Kazakhstan: Agriculture Minister.
28 February 2013
US drug firm Mylan to buy Indian firm for $1.6 bn US drug firm Mylan to buy Indian firm for $1.6 bn US generic drugs specialist Mylan said Thursday it would buy a unit of India's pharma firm Strides Arcolab for $1.6 billion, boosting its presence in the high-growth injectable drugs market.
28 February 2013
KazRosGas supplied 4 billion cubic meters of Karachaganak gas to Kazakhstan KazRosGas supplied 4 billion cubic meters of Karachaganak gas to Kazakhstan Kazakhstan-Russian KazRosGas supplied 4.4 billion cubic meters of commercial gas from Karachaganak field to Kazakhstan in 2012.
27 February 2013
To launch the single pension fund, amendments are to be introduced into 22 laws and 8 Codes: Central Bank Governor To launch the single pension fund, amendments are to be introduced into 22 laws and 8 Codes: Central Bank Governor Should the amendments be passed in the autumn only, no consolidation could take place.
27 February 2013
Russia to increase oil export to China via Kazakhstan in 2014 Russia to increase oil export to China via Kazakhstan in 2014 Russia is planning to increase its oil supplies to China via Kazakhstan in 2014.
27 February 2013
TENGRI LIFE
TENGRI TRAVEL
Looming US cuts raise fears for world's poor Looming US cuts raise fears for world's poor With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
27 February 2013
Samsung defends working practices in China plants Samsung defends working practices in China plants Samsung Electronics defended its working practices Wednesday after a lawsuit was filed in France against the South Korean giant over conditions at its supplier plants in China.
27 February 2013
Forecasting harvest is like shooting in the dark: Kazakhstan Agriculture Minister Forecasting harvest is like shooting in the dark: Kazakhstan Agriculture Minister Kazakhstan Agriculture Minister told about his expectations for this year's harvest.
27 February 2013
Ikea pulls meatballs from Europe stores as horsemeat found Ikea pulls meatballs from Europe stores as horsemeat found Swedish furniture giant Ikea has withdrawn its own-label meatballs from sale in at least 16 European countries after Czech authorities found horsemeat in the product.
26 February 2013
Marchenko points at Kazakhstan private pension funds' mistakes Marchenko points at Kazakhstan private pension funds' mistakes Kazakhstan private pension funds were over-investing in public securities inside Kazakhstan and under-investing abroad: Marchenko.
26 February 2013
Chinese oil giant CNOOC buys Canada's Nexen Chinese oil giant CNOOC buys Canada's Nexen The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.
26 February 2013
Kazakhstan Religious Affairs Agency to receives 1 billion tenge in 2013 Kazakhstan Religious Affairs Agency to receives 1 billion tenge in 2013 The Agency's budget for 2013 grew 1.5-fold comparing to 2012: executive secretary.
26 February 2013
BP accused of greed, lax safety at US oil spill trial BP accused of greed, lax safety at US oil spill trial The US government accused BP of letting greed triumph over safety Monday in the opening arguments of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill.
26 February 2013
China ratings firm warns of global 'currency crisis' China ratings firm warns of global 'currency crisis' Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.
25 February 2013
Almaty's budget revenues made $2 billion in 2012 Almaty's budget revenues made $2 billion in 2012 Almaty bolstered its position as the country’s financial center: Almaty Akim.
25 February 2013
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