Economy - страница 37

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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

IMF sees Argentina progress toward better economic data The International Monetary Fund said that Argentina was making progress in improving the data but more was needed.

16 December 2014

TENGRI LIFE

TENGRI TRAVEL

Kazakhstan and China sign agreement on settlements in national currencies Earlier Kazakhstan’s Central Bank Governor Kairat Kelimbetov reported that the country’s Central Bank was drafting an agreement with China’s Central Bank on currency swap of 7 billion renminbi.

15 December 2014

Microsoft lets US shoppers pay with Bitcoin Microsoft began Thursday letting US shoppers at its online Windows Store pay with digital currency Bitcoin.

12 December 2014

IMF calls on donors to 'step up' for Ukraine The International Monetary Fund called for the international community to come forward with fresh funds for Ukraine.

12 December 2014

Kazakhstan-based airlines banned from flying to Europe According to the EC, Air Astana is eligible to perform flights to Europe only when using certain types of aircraft. The statement didn’t specify the types of the aircraft.

12 December 2014

What's with the gasoline prices in Kazakhstan? Kazakh government is lowering gasoline prices. But for how long? And does it address the fuel deficit in the country?

11 December 2014

Russia charms Uzbekistan with massive debt writeoff Russia's President agreed to write off most of the debt owed by Uzbekistan in an apparent bid to steer the Central Asian country towards joining the Eurasian Economic Union.

11 December 2014

Tenge devaluation cannot be ruled out in Kazakhstan: expert Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.

10 December 2014

French ALSTOM to help modernize Kazakh power sector French multinational ALSTOM and Kazakhstan's largest private power generating company CAEPCO have signed a memorandum of cooperation and understanding to modernize the power sector of Kazakhstan.

09 December 2014

Businesses in Kazakhstan reluctant to enter long-term contracts amid falling oil prices CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.

08 December 2014

Transtelecom Chairman meets President of HP Transtelecom Chairman meets President of HP Nurali Aliyev met with the President of Hewlettt-Packard Corporation Meg Whitman to discuss cooperation ahead of the EXPO-2017 to take place in Astana, Kazakhstan.

06 December 2014