Economy - страница 128

Samruk Kazyna news Kazakhstan Kazakh finance Venezuela dollar currency budget

National Fund's money reinvested in economy: Samruk-Kazyna The funds allocated from the National Fund for anti-crisis measures are being returned and reinvested in Kazakhstan economy.

10 February 2013

Venezuela devalues currency 32% against US dollar Venezuela said it was devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.

10 February 2013

US military may skip Paris air show due to budget cuts Facing the prospect of dramatic budget cuts, the US military may skip the Paris air show this year for the first time.

09 February 2013

White House fears deep damage from spending cuts The White House warned Friday that billions of dollars in automatic budget cuts set to kick in on March 1 were a "blunt" instrument that could wreak deep damage to the already fragile US economy.

09 February 2013

Google chairman to sell $2.5 bn of shares Google's Chairman Eric Schmidt plans to sell 3.2 million "A" shares, currently worth $2.5 billion, over the next year, Google said Friday in a filing with the Securities and Exchange Commission.

09 February 2013

BlackBerry to withdraw from Japan: reports Troubled smartphone maker BlackBerry will not launch its new models in Japan, reports said Friday, effectively heralding a pull-out from a booming smartphone market where it is being beaten by Apple.

08 February 2013

Pension savings in Kazakhstan grew 20 percent in 2012 Savings in Kazakhstan's pension funds grew 20.1 percent and made 3.2 trillion tenge ($20.7 billion) in 2012.

08 February 2013

Greenlight sues Apple, with eye on cash pile Apple said Thursday it is weighing ways to give shareholders more of its huge cash stockpile, after hedge fund Greenlight Capital filed suit in an effort to press it in that direction.

08 February 2013

NY Times making more from readers than advertising The New York Times Company said Thursday that its revenue from readers and subscribers overtook that of advertising for the first time in 2012, as the media group reported a boost in profits.

08 February 2013

TENGRI LIFE

TENGRI TRAVEL

Kazakhmys in talks over selling stake in Ekibastuz GRES-1 Kazakhmys has started negotiating a possible sale of a stake in Ekibastuz GRES-1 power station.

08 February 2013

Eni's CEO Paolo Scaroni investigated over Algeria bribes Italian energy major Eni's CEO Paolo Scaroni has been placed under investigation over alleged bribes paid to win contracts in Algeria, the company said on Thursday, denying any involvement in the scandal.

08 February 2013

Britain's Cameron stands firm in EU budget battle Prime Minister David Cameron stood firm on his demand for further cuts in the EU budget on Friday, despite coming under pressure over his pledge to hold a referendum on Britain's membership of the bloc.

08 February 2013

It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013 February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.

07 February 2013

Scat pays compensations to families of all plane crash victims Scat airline has completed payments of compensations to the families of the victims of the CRJ-200 plane crash in Kyzyltu village of Almaty oblast.

07 February 2013

Kazakhstan business-angels club to invest $1 million in startups An informal business-angels club has been launched in Kazakhstan.

07 February 2013

National Bank Governor warns against dominance of public bodies reps in the Single Pension Fund Board According to him, in the long run the Government may need money to cover the budget deficit or finance some state-run projects and there might be a temptation to rely on pension savings.

07 February 2013

China and Turkey biggest sources of labor migrants to Kazakhstan As of January 1, 2013 the overall number of valid work permits for migrants regardless of their country of origin totaled 21 712.

07 February 2013

National Bank Governor on ways current pension funds could take They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.

07 February 2013

National Bank Governor on investing pension assets into infrastructure projects Pension savings are to be consolidated into a single pension fund by July 1, 2013.

07 February 2013