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Economy

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Australia warned mining boom could end in two years Australia warned mining boom could end in two years Australia's mining boom will slow more sharply than expected and could be over within two years due to easing demand from China and falling prices.
23 July 2012
Departing IMF economist rips fund's leadership Departing IMF economist rips fund's leadership A departing senior IMF economist has excoriated the fund, alleging it failed to address Europe's crisis and "suppressed" its challenges.
22 July 2012
Oil strikes two-year high; soya scores record high Oil strikes two-year high; soya scores record high Oil prices hit two-month highs this week, driven by Federal Reserve stimulus hopes and Middle East unrest, while soyabeans soared to a record high as US supplies were hit by drought.
22 July 2012
Google grabs startup devoted to Apple gadget email Google grabs startup devoted to Apple gadget email A French startup behind email applications for Apple gadgets has been bought by Google as the Internet titan increasingly tailors hit software to run on its rival's hardware.
21 July 2012
Nasdaq hikes payout figure for botched Facebook IPO Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
21 July 2012
Online woes spark first Microsoft loss ever Online woes spark first Microsoft loss ever Microsoft posted its first ever loss on Thursday, shedding $492 million in the fourth quarter due to a massive $6.2 billion write-down to reflect the slump in value of its online operations.
21 July 2012
Potato chips on the eve of their social media moment Potato chips on the eve of their social media moment Taking crowdsourcing to new heights, Lay's potato chips is inviting consumers to go online from Friday with their ideas for a new flavor and the chance to win $1 million.
21 July 2012
Businessman suspected of fraud against Kazakhstan pension fund in Canada Businessman suspected of fraud against Kazakhstan pension fund in Canada Ontario Securities Commission filed quasi-charges to a businessman in alleged fraud involving Kazakhstan pension fund.
20 July 2012
Kazakhstan will retain flour and bread prices Kazakhstan will retain flour and bread prices There will be no problem with grain supplies to the country’s regions; flour and bread prices will not grow: Kazakhstan Agriculture Ministry.
20 July 2012
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Kazakhstan GDP grew 7-fold in 9 years Kazakhstan GDP grew 7-fold in 9 years Last year’s GDP per capita made $11 thousand, which is 650 percent more than in 2002.
19 July 2012
Kazakhstan won’t introduce ban on grain exports despite drought Kazakhstan won’t introduce ban on grain exports despite drought Given the drought, the gross grain harvest is expected at 14 million tons, with the average yield making up 8.7 metric centners per hectare.
19 July 2012
China doubles loans to Africa to $20 billion China doubles loans to Africa to $20 billion President Hu Jintao said Thursday China would offer $20 billion in new loans to Africa, as he delivered a speech to a Beijing forum on co-operation with the resource-rich continent.
19 July 2012
HSBC shares dive in Hong Kong after apology HSBC shares dive in Hong Kong after apology Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.
19 July 2012
KazAtomProm Q2 uranium production figure stands at 5040 tons KazAtomProm Q2 uranium production figure stands at 5040 tons KazAtomProm is Kazakhstan's major exporter of uranium and its compounds, rare metals, nuclear fuel for nuclear power stations, special equipment, technologies and dual-usage materials.
18 July 2012
EP KazMunaiGas produced 6 million tons of oil in 6 months EP KazMunaiGas produced 6 million tons of oil in 6 months The production results are 354 thousand tons (4 percent) less than in the same period of 2011.
18 July 2012
Heat and drought ravage US breadbasket Heat and drought ravage US breadbasket There was no end in sight Tuesday to the blistering heatwave baking much of the United States that has farmers mulling cutting down crucial crops and sent grain prices skyrocketing.
18 July 2012
Employees of ArcelorMittal Temirtau got salaries rise Employees of ArcelorMittal Temirtau got salaries rise The lasting labor dispute between the company’s administration and its metallurgists trade union has come to an end.
18 July 2012
Air Astana tagged best Central Asian and Indian airline Air Astana tagged best Central Asian and Indian airline Air Astana won the Best Central Asian and Indian Airline award at Farnborough International Airshow.
17 July 2012
Naftogas and Rompetrol to build 700 petrol stations in Ukraine Naftogas and Rompetrol to build 700 petrol stations in Ukraine Naftogaz of Ukraine and Rompetrol signed a memorandum of intent to create a joint company for oil products marketing in Ukraine.
17 July 2012
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