Economy - страница 38

news BTA Bank Central Asia CIS Court embezzlement finance Kazakh Kazakhstan Mukhtar Ablyazov arbitration

Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan The Ad hoc Committee of the International Centre for Settlement of Investment Disputes (ICSID) has denied the appeal of Netherlands-based company KT Asia Investment Group BV that demanded $1.5 billion in compensation from Kazakhstan for allegedly nationalising the company's minority share in BTA Bank.

04 December 2014

First Vice Energy Minister refutes anticipated substantial petrol prices hikes Earlier a Senator said that Western oil majors operating in Kazakhstan were willing to supply crude to be processed for domestic consumption at global prices.

03 December 2014

Kazakhstan's 2014 oil production figure expected to be lower than 2013 figure: Energy Vice-Minister Back in 2013 Kazakhstan produced 81.731 million tons of oil, including condensed gas, 3.2% up against 2012.

03 December 2014

Railway link from Kazakhstan to Iran across Turkmenistan to be inaugurated today The agreement on construction of the Kazakhstan-Turkmenistan-Iran railway link was signed by the three leaders back in 2007, the actual construction works commenced in 2009.

03 December 2014

Kazakhstan-based Halyk Bank closes deal to purchase HSBC Kazakhstan The newly purchased entity has been renamed to Altyn Bank and is to be a separate legal entity as planned.

02 December 2014

Kazakhstan to meet domestic demand for cement shortly According to Vice Minister for Investments and Development, Kazakhstan has a vast cement production potential, however in the current year the country has imported over 1 million tons of cement.

02 December 2014

Kazakhstan National Bank’s gold and FX reserves figure announced Gold and FX reserves of the National Bank have grown by 15.8% since the start of the year.

02 December 2014

Microsoft buys email mobile app Accompli Microsoft said it was buying the mobile email management application Accompli, in a deal reported to be worth more than $200 million.

02 December 2014

Samsung 's mobile chief keeps his job Samsung said the head of its faltering mobile business would keep his job despite an alarming decline in profits.

01 December 2014

TENGRI LIFE

TENGRI TRAVEL

Overhaul of Shymkent-based oil refinery postponed to spring 2015 Not to slow down the production rates at the start of next year and to keep all the indicators in line with plans, the overhaul has been postponed from this year’s autumn to the spring of 2015: South Kazakhstan oblast governor.

28 November 2014

Kazakhstan suspends power supplies to Russia over rouble depreciation Kazakhstan is looking for alternative markets for its coal as Russia is seeking to replace Kazakhstan’s coal with coal mined at Russia’s Kuzbass.

28 November 2014

HSBC unit fined $12.5 mn for unregistered US services A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services.

26 November 2014

Kazakhstan’s PM on efforts to overcome excessive dollarization Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.

26 November 2014

Russia to lose some $40 bn a year due to sanctions: minister Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said.

24 November 2014

Oil prices mixed ahead of key OPEC meeting Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.

24 November 2014

Judge approves $450 mn deal in Apple ebook suit A US judge signed off on Apple's $450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books.

22 November 2014

'Call of Duty' blasts past $10 bn in sales Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales.

21 November 2014

Twitter boss launches global cash register service Twitter's co-founder outlined plans to make cash registers a thing of the past.

21 November 2014

Brazil leader vows no interference in Petrobras probe Brazil's President vowed not to interfere with investigators probing a scandal at the state-owned oil company Petrobras involving political payoffs.

21 November 2014