Economy - страница 141

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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

S&P upgraded Samruk-Kazyna's credit rating Standard & Poor’s has upgraded its long- and short-term local and foreign currency credit ratings of Kazakhstan's Samruk-Kazyna National Welfare Fund.

03 December 2012

Kazakhstan leads Central Asia by number of multi-millionaires Kazakhstan is rankedf irst among Central Asian countries by the number of people with fortunes exceeding $30 million.

03 December 2012

China manufacturing hits 13-month high in November: HSBC Manufacturing activity in China hit a 13-month high in November, HSBC said Monday, in another sign that the world's second largest economy is emerging from a drawn-out slumber.

03 December 2012

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Kazakhstan oil products export ban to be prolonged into 2013 According to Kazakhstan Oil and Gas Ministry, this ban will be prolonged for one year: KazMunaiGas.

03 December 2012

Murdoch's British newspaper chief to leave company Rupert Murdoch's top newspaper lieutenant in Britain is to leave his post at the end of the year, it was announced Sunday, heralding the start of a major shake-up at parent company News Corporation.

03 December 2012

SIA in talks to sell off Virgin Atlantic stake Singapore Airlines said Monday it was in talks with "interested parties" on a possible sale of its 49 percent stake in Virgin Atlantic as media reports listed US carrier Delta Air Lines as a possible buyer.

03 December 2012

Air Astana cancels Semey and Uralsk flights Air Astana will stop flying to Uralsk and Semey because the airports of these cities require a complete overhaul of runways.

02 December 2012

Australia readies for first plain pack cigarettes All cigarettes sold in Australia will be in identical, plain packages from Saturday in a world first after the government overcame legal challenges from the tobacco industry.

02 December 2012

Food prices easing but remain sky-high: World Bank Global food prices have eased from their July records but remain very high, putting more people in danger of hunger and malnutrition-related disease.

01 December 2012

IIF says Greek debt buyback must be 'voluntary' A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."

01 December 2012

Kazakhstan's Kcell announced IPO price range The Kazakhstan company has set the price range of $10.5 to $13 per one global depositary receipt.

01 December 2012

Republicans reject 'ridiculous' Obama fiscal cliff proposal Republicans rejected as "ridiculous" Thursday a White House plan to raise $1.6 trillion in new taxes over the next decade, as crunch talks on the US deficit took a turn for the worse.

30 November 2012

Spain banks cut thousands of jobs in shakeup Crippled Spanish banks said they would cut thousands of jobs after Brussels on Wednesday gave a green light for a big slice of aid to rescue them with tough conditions.

30 November 2012