Kazakhstan considers de-dollarizing its economy Kazakh economist Olzhas Khudaibergenov analyzes the joint statement of the Government and the National Bank of Kazakhstan and comments on their intention to de-dollarize the Kazakh economy.
29 December 2014
Ruble fall creates turbulence for Russian airlines Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines.
28 December 2014
LG offices raided over suspected washing machine vandalism South Korean prosecutors raided the Seoul headquarters of LG Electronics following allegations that the firm's executives vandalised their rival Samsung's washing machines.
26 December 2014
Expats eyeing the exits after Russian ruble plunges The plunge of the ruble hasn't left only Russians shell shocked -- foreign workers from traders to maids are considering bailing outю
25 December 2014
Astana and Almaty avail of government investments Astana, Almaty and Almaty Oblast receive the largest portion of the public investments in Kazakhstan.
25 December 2014
Several Kazakh banks cease issuing mortgage loans in tenge Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.
24 December 2014
Russia pressures exporters to prop up ruble The Russian government has ordered state-controlled exporters to sell part of their foreign currency holdings.
24 December 2014
OPEC won't cut output even at $20 a barrel: Saudi OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.
23 December 2014
IMF policies criticised over Ebola outbreak IMF policies left healthcare systems in the African countries worst affected by Ebola underfunded and lacking doctors, and hampered a coordinated response to the outbreak.
22 December 2014
Obama orders US trade ban on Crimea over Russia 'occupation' US President Barack Obama imposed sweeping sanctions on Russia-annexed Crimea with an executive order prohibiting American exports of goods to the contested peninsula.
20 December 2014
Canada slaps new sanctions on Russia oil sector over Ukraine Canada announced fresh sanctions on Russia over its support for rebels in Ukraine, targeting 20 Russian politicians and Ukrainian separatist leaders.
20 December 2014
Apple suppliers accused of poor treatment of workers Workers in Chinese factories making Apple products are poorly treated, with exhausted employees falling asleep on their 12-hour shiftsю
19 December 2014
There is a substantial margin of safety of the tenge: Finance Minister According to him, the [20%] currency devaluation that took place back in February envisaged a certain safety factor for the future.
18 December 2014
KazAtomProm and China General Nuclear Power Corporation agree to jointly produce nuclear fuel Uranium production in Kazakhstan may reach 22 830 tons in 2014, Tengrinews.kz reported earlier, citing Sergei Poltoratsky, KazAtomProm National Nuclear Company Managing Director for Strategic Development.
18 December 2014
Apple halts Russia online sales as ruble tumbles Apple said it had halted online sales of iPhones, iPads and computers in Russia as the ruble's plunge made it difficult for sellers of imported goods to fix local prices.
17 December 2014
OPEC will not step in to support oil prices: Kuwait OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.
17 December 2014
Russia grapples with shock ruble fall The Russian currency crashed to unprecedented lows trading at 80 rubles to the dollar and 100 to the euro.
17 December 2014
Ikea ruffles a few feathers with first Korean store Global furniture giant Ikea opens its first store in South Korea, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
16 December 2014
US increases FDI into Kazakhstan Kazakhstan and US increase cooperation in trade and economic cooperation. Kazakhstan's Foreign Minister Erlan Idrissov's visit to Washington aimed at strengthening this cooperation.
16 December 2014
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