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ConocoPhillips hasn’t notified the Kazakhstan’s Government on its intention to sell 8.4% in the giant Kashagan oilfield A day before ConocoPhillips announced its intentions in a press-release, according to which the deal is expected to be finalized in the H1 2013.

27 November 2012

EU ministers agree significant debt relief deal for Greece Greece won breathing space Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.

27 November 2012

ConocoPhillips to sell its stake in Kashagan to India’s ONGC Videsh Limited The deal is expected to be finalized in the H1 2013. ConocoPhillips’s proceedings from the sale are expected to reach $5 billion.

26 November 2012

Fitch upgraded ratings of Kazakhstan national companies Fitch Ratings has upgraded ratings of Kazakhstan national companies Temir Zholy (railroad operator) and KEGOC (electricity grid operator).

26 November 2012

Fitch Ratings upgrades KazMunaiGas rating to BBB Fitch has upgraded the long-term rating of Kazakhstan national oil and gas company KazMunaiGas.

26 November 2012

New eurozone talks to save Greece from financial collapse Eurozone finance ministers meet in Brussels Monday for the third time in two weeks for talks on unlocking the next slice of aid to debt-crippled Greece, which is in danger of running out of money.

26 November 2012

US breaks $1bn for first time in online Black Friday shopping US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping a billion dollars in online sales in a single day.

26 November 2012

British press hails Cameron's EU budget stance Prime Minister David Cameron secured a decent result for Britain at the European Union budget summit, Britain's newspapers said Saturday, while warning that his good fortune may not last.

25 November 2012

ArcelorMittal warns France over pressure on Florange Steel giant ArcelorMittal warned the French government Friday that efforts to force it to sell all of its Florange plant, rather than just the parts it wants to close, threaten the company's presence in France.

25 November 2012

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S. Korea vows 'aggressive' defence against Lone Star claim South Korea said it would "aggressively" defend itself Thursday after a US private equity firm initiated arbitration of a damages claim arising from the sale of its stake in a Korean bank.

24 November 2012

It is not quite reasonable to place excessive bets on grain exports: Kazakhstan’s Vice PM Krymbek Kusherbayev Earlier Tengrinews.kz reported that this year’s grain harvest is twice lower than that of 2011.

23 November 2012

Oil prices ease in Asia on Gaza truce, eurozone data Oil prices fell in Asia Friday in thin trade following the US Thanksgiving holiday, with a truce in Gaza and gloomy eurozone manufacturing data weighing on buying sentiment.

23 November 2012

EU leaders suspend budget talks until noon Friday European Union leaders on Friday called an overnight suspension of talks aimed at reaching a deal on a hotly contested long-term budget.

23 November 2012

Australia welcomes move to count Aussie as reserve currency Australia hailed as an endorsement of its economic strength Wednesday IMF moves to count its dollar as a foreign reserve currency, though its central bank chief downplayed it as a technicality.

22 November 2012

Almaty Mayor's son-in-law may buy ATF Bank A son-in-law of Almaty mayor Galymzhan Yessenov is one of the potential buyers of ATF Bank that is going to be sold by UniCredit group.

22 November 2012

Euro weakens as eurozone fails to agree Greek deal The euro fell in Asian trade on Wednesday and shares eased after eurozone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.

22 November 2012

KMG EP increased profit by 5% in January-September Net profit of KazMunaiGas Exploration-Production in January-September 2012 went 5% up compared to the same period last year and made $1.2 billion.http://en.tengrinews.kz/admin/news/edit/14653/

22 November 2012

Kazakhstan and Luxembourg to launch flights The agreement is in line with the applicable European legislation and opens opportunities for all European airlines to launch flights between Luxembourg and Kazakhstan.

22 November 2012

Baltic farmers demand fair slice of EU aid As the EU braces for bruising budget talks, the bloc's three small Baltic states have stepped up their campaign to get what they say is their fair share of farm aid.

22 November 2012