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Pensions to be raised by 9% starting from January 1, 2013 As of December 1, 2012 the average retirement allowance stands at $257.

12 December 2012

PPR joins luxury sector rivals on China gold rush trail PPR, the French retailer that has snapped up Hong Kong jeweller Qeelin, intends to leverage the brand to build its presence in China and across Asia in a path already trodden by up-market rivals such as Richemont and Hermes.

12 December 2012

Argentinean cows need good nourishment: Nazarbayeva Kazakhstan Parliament has once again discussed unsuccessful results of the country's cattle breeding program.

11 December 2012

Samruk-Kazyna mulls dividing its affiliated companies into public and non-public This was suggested by an independent director of KazTransGas at the meeting of independent directors of Samruk-Kazyna group of companies with the Fund's chairman.

11 December 2012

Kazakhstan businessman invested $13 million in Russian Internet Russian investment company Fastlane Ventures announced attraction of $13 million from Kazakhstan businessman Kenes Rakishev.

11 December 2012

Government to secure transparency of EXPO-2017 financing Kazakhstan President instructed to properly manage the budget of EXPO-2017.

11 December 2012

Psy, Samsung push 'brand Korea' in 2012 A breakthrough year for "brand Korea" -- led by the rapper Psy and electronics giant Samsung -- has boosted efforts to promote a country that still feels overshadowed, under-appreciated and misunderstood.

11 December 2012

IMF's Lagarde warns against US fudge on fiscal cliff The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.

10 December 2012

The Year of the Snake commemorative coins released in Kazakhstan The National Bank of Kazakhstan announced release of The Year of the Snake commemorative gold and silver coins.

10 December 2012

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18 January 2013, 13:26

With Romney filing, 2012 election spending tops $2 bn Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said Thursday, bringing the total spent on the presidential election to a record $2 billion.

07 December 2012

Cutting over 400 jobs in Pavlodar linked to suspension of export to Iran Pavlodar oblast authorities have linked firing of over 400 employees of the steel plant with suspension of export of goods to Iran.

07 December 2012

Judge calls for "global peace" in Apple-Samsung war A judge mulling whether to trim or overturn Apple's billion-dollar damages award against Samsung on Thursday called for a ceasefire in the ongoing patent war between the smartphone titans.

07 December 2012

Kazakhstan air companies to buy aircrafts at manufacturer's cost Kazakhstan entered the Cape Town Convention that provides countries with financial benefits for purchase of modern aircrafts.

07 December 2012

US court gives Argentina new break on debt payment A New York appeals court on Tuesday rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.

06 December 2012

HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.

05 December 2012

Greece launches bond buyback programme Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.

05 December 2012

Russian shareholder drops $9 bn BP suit: report A minority shareholder in BP's Russian joint venture TNK-BP has dropped a long-running $9.3 billion suit against the British oil giant.

05 December 2012

Standard & Poor’s retains Kazakhstan's credit ratings Standard & Poor’s has retained Kazakhstan’s long- and short-term foreign and local currency sovereign credit ratings at 'BBB+/A-2'.

03 December 2012

Asian shares mixed as US worries trump China data Asian markets were mixed on Monday, after optimism over data showing Chinese manufacturing activity had picked up pace in November was tempered by concerns over US talks to avert the fiscal cliff.

03 December 2012