Oxfam warns food prices to soar due to climate change Oxfam warns food prices to soar due to climate change Staple food prices may double within the next two decades due to climate change and an increase in extreme weather including droughts and hurricanes.
06 September 2012 13:56
Mining magnate Rinehart says Australia 'too expensive' Mining magnate Rinehart says Australia 'too expensive' Mining tycoon Gina Rinehart on Wednesday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa.
06 September 2012 11:34
China slowdown biggest risk to Asian growth: survey China slowdown biggest risk to Asian growth: survey A slowdown in China's economy is perceived as the biggest risk to Asia's economic growth, a survey of regional powerbrokers released Wednesday said.
06 September 2012 10:02
Republicans slam Obama as US debt tops $16 trillion Republicans slam Obama as US debt tops $16 trillion Republicans pinned America's "crushing" fiscal burden squarely on President Barack Obama on Tuesday after the national debt passed $16 trillion just before the Democratic National Convention opened.
05 September 2012 19:00
7.3% Kazakhstan residents would like to buy shares in People’s IPO 7.3% Kazakhstan residents would like to buy shares in People’s IPO The plan is to involve at least 1% of Kazakhstan's population (160 thousand people) in the People's IPO program in 2012-2015.
05 September 2012 18:45
Samsung acknowledges criticism of China plants Samsung acknowledges criticism of China plants South Korea's Samsung Electronics acknowledged Wednesday criticisms of working conditions at its plants in China, but rejected a US-based watchdog's charge that they were "inhumane".
05 September 2012 17:34
Coffee giant Starbucks taps into tea-loving India Coffee giant Starbucks taps into tea-loving India Starbucks is betting on big returns as it seeks to lure an expanding legion of coffee lovers in India -- primarily a tea-drinking nation where lifestyle changes have spawned a booming market for cafes.
05 September 2012 13:49
Lufthansa strike grounds hundreds of flights Lufthansa strike grounds hundreds of flights German flag carrier Lufthansa on Tuesday cancelled over 200 flights at its Frankfurt hub, Europe's third busiest, as a union chief threatened to hit every German airport with a 24-hour strike on Friday.
05 September 2012 12:15
Moody's downgrades EU rating outlook to 'negative' Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.
04 September 2012 18:01
US nears deal to cut Egypt debt by $1 bn: report US nears deal to cut Egypt debt by $1 bn: report The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt, The New York Times reported Monday.
04 September 2012 13:10
South Africa miners to be freed South Africa miners to be freed South African courts are due Monday to start releasing 270 miners arrested over the deaths of fellow workers shot by police, after the murder charges against them were provisionally dropped.
04 September 2012 10:09
Carrying capacities of Kazakhstan’s export oil pipelines to be expanded to 100 million tons a year by 2020 Carrying capacities of Kazakhstan’s export oil pipelines to be expanded to 100 million tons a year by 2020 The current carrying capacities of all the Kazakhstan’s export oil pipelines stand at 66 million tons a year.
04 September 2012 01:07
Kazakhstan President urges to strike a balance between interests of the state and those of extraction companies Kazakhstan President urges to strike a balance between interests of the state and those of extraction companies Associated gas extracted by investors does not belong to them, he emphasized.
03 September 2012 14:34
EBRD providing $60.6 million to finance modernization of the Shardara hydropower plant in Kazakhstan EBRD providing $60.6 million to finance modernization of the Shardara hydropower plant in Kazakhstan The project is targeted at preventing emergency shutdowns of the power plant, bringing its capacities up by 16% to 116 megawatt and producing another 57 million kilowatt-hours a year.
03 September 2012 13:51
Judgement day looms for euro Judgement day looms for euro When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.
03 September 2012 11:45
Bernanke signals desire for more Fed stimulus Bernanke signals desire for more Fed stimulus US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.
02 September 2012 12:24
 Standard & Poor's cuts Catalonia debt rating to junk status Standard & Poor's cuts Catalonia debt rating to junk status Standard & Poor's slashed Catalonia's debt to junk-bond status Friday, warning of looming financial tensions with Spain's central government.
02 September 2012 11:03
Japan court rejects Apple patent claims against Samsung Japan court rejects Apple patent claims against Samsung A Japanese court Friday rejected Apple's claim that Samsung stole its technology, dealing a blow to the iPhone maker after last week winning $1.05 billion in damages in the US from its bitter rival.
01 September 2012 12:57
Moody's holds Spain rating pending eurozone moves Moody's holds Spain rating pending eurozone moves Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
01 September 2012 10:30

Exchange Rates

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