KazMunaiGas Head doesnt rule out further decrease in gasoline prices
According to him, oil refineries have been facing excessive gasoline in stock, with oil companies [in line with applicable legislation] still supplying a set volume to local refineries to be processed.
Kashagan economically viable with prices for oil at $100 per barrel
Both Tengiz and Karachaganak oilfields are effective projects, with the break even point being much lower that of Kashagan: Sauat Mynbayev, KazMunaiGas Chairman of the Board.
Nissan raises full-year profit forecast to $3.5 bn
Nissan said Monday it was raising its full-year net profit forecast to $3.5 billion, thanks to cost cutting efforts and a cheaper yen.
SpaceX calls off launch of space-weather satellite
SpaceX's launch of a $340 million sun-observing spacecraft that was initially dreamed up by former US vice president Al Gore was postponed.
ArcelorMittal Temirtau asks workers to yield to wage cuts
ArcelorMittal Temirtau Director General has asked the company's personnel to understand the difficult financial situation and take the 25% wage cuts.
Petrobras confirms Bendine as new CEO
Brazilian oil giant Petrobras confirmed that banking executive Aldemir Bendine has been named its new chief executive.
New airline Air Kazakhstan renamed to Kazakh Air
A new Kazakh airline Air Kazakhstan that is due to start making domestic flights in Kazakhstan this year has been renamed to Kazakh Air.
TransAsia starts pilot retraining after deadly crash
TransAsia Airways started the first day of a programme to retrain its pilots after its second deadly crash in seven months.
Moody's threatens to downgrade Greece
Moody's placed Greece's credit rating on review for a downgrade Friday, citing "high uncertainty" about the country's talks with creditors.