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  1. Main
  2. Economy

Economy

S. Korea's KT bids for Vivendi stake in Maroc S. Korea's KT bids for Vivendi stake in Maroc South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.
27 December 2012
China and emerging powers to pay more for UN China and emerging powers to pay more for UN China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.
26 December 2012
Gazprom requests KazTransGas to lower gas prices for Kyrgyzstan Gazprom requests KazTransGas to lower gas prices for Kyrgyzstan Gazprom is requesting that KazTransGas lowers gas prices from $224 to $200 for 500 million cubic meters to be supplied to Kyrgyzstan.
26 December 2012
US gun sales soar as owners fear new regulations US gun sales soar as owners fear new regulations US firearm sales have sky-rocketed since the Newtown school massacre, as debate over gun control rages and enthusiasts fear certain assault weapons and high-capacity magazines could be banned.
26 December 2012
KMG looks to increase oil and gas stock to 1 billion tons by 2022 KMG looks to increase oil and gas stock to 1 billion tons by 2022 KazMunaiGas aims to become one of the world's top 30 oil and gas companies by 2022: Samruk-Kazyna Managing Director Malik Salimgereyev.
26 December 2012
US-Japan joint venture picked for Mozambique gas project US-Japan joint venture picked for Mozambique gas project A joint venture consisting of US company CB&I and Japan's Chiyoda Corporation has been picked to participate in a liquefied natural gas project in Mozambique.
26 December 2012
Aftermarket trade of KazTransOil stock started as part of People's IPO Aftermarket trade of KazTransOil stock started as part of People's IPO The aftermarket trade of common stock of KazTransOil as part of the People’s IPO Kazakhstan state program has officially started at Kazakhstan Stock Exchange.
26 December 2012
Instagram sued over contract changes Instagram sued over contract changes A lawsuit is seeking to stop Instagram from changing its terms of service, saying the Facebook-owned smartphone photo-sharing service is breaching its contract with users.
25 December 2012
US stocks lower on 'fiscal cliff' pessimism US stocks lower on 'fiscal cliff' pessimism US stocks slid during a shortened Christmas Eve session Monday amid pessimism about prospects for a "fiscal cliff" deal by the end of the year.
25 December 2012
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Kazakhstan’s 2012 GDP growth estimated at 5%: PM Serik Akhmetov Kazakhstan’s 2012 GDP growth estimated at 5%: PM Serik Akhmetov According to the International Monetary Fund, in 2011 Kazakhstan was ranked 53rd among 182 countries with its GDP of $214.84 billion.
25 December 2012
KazMunaiGas crude and condensed gas production for the 11 months stands at 19.5 million tons KazMunaiGas crude and condensed gas production for the 11 months stands at 19.5 million tons By 2022 the Company plans to bring the crude production up to 35.4 million tons.
25 December 2012
Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield The consortium developing the field comprises Eni, Shell, ExxonMobil, Total and KazMunaiGaz (all with a 16.81% stake) as well as ConocoPhillips (8.4%) and Japan's Inpex (7.56%).
25 December 2012
Vietnam seeks economic boost with fresh rate cuts Vietnam seeks economic boost with fresh rate cuts Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.
25 December 2012
Foreign banks loan $1 billion to Kazakhmys Foreign banks loan $1 billion to Kazakhmys Kazakhstan's Kazakhmys has signed an agreement on a pre-export credit line of $1 billion from a range of foreign banks.
24 December 2012
Gazprom to pay Kyrgyzstan's gas debts to Kazakhstan Gazprom to pay Kyrgyzstan's gas debts to Kazakhstan Russian Gazprom, the new owner of KyrgyzGas, will pay Kyrgyzstan’s gas debts to Kazakhstan.
24 December 2012
Japan's new China envoy urges stronger economic ties Japan's new China envoy urges stronger economic ties Japan's new envoy to China urged stronger economic ties with Beijing in an interview broadcast Monday, after the incoming premier pledged to mend bilateral ties strained by a bitter territorial row.
24 December 2012
Belize PM says debt deal reached with creditors Belize PM says debt deal reached with creditors Belize has reached a deal in principle with creditors to restructure about half of its unpaid debt after "long and arduous" talks, allowing the country to avoid default.
24 December 2012
ConocoPhillips sells off Nigerian operation ConocoPhillips sells off Nigerian operation US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).
21 December 2012
Gazprom to buy Kyrgyz gas operator for $1: Kyrgyzgaz Gazprom to buy Kyrgyz gas operator for $1: Kyrgyzgaz Russia's gas giant Gazprom is taking a controlling stake in Kyrgyzstan's debt-ridden state gas company for one dollar.
21 December 2012
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