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Economy

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G20 states spend $88bn in fossil fuel exploration subsidies: report G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies.
11 November 2014
McDonald's recalls Hello Kitty whistles in North America McDonald's recalls Hello Kitty whistles in North America McDonald's recalled nearly a million red whistles included with a Hello Kitty-themed toy offered in children's meal choices in the United States and Canada.
11 November 2014
Brazil welcomes FIFA $100 million World Cup legacy fund Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.
11 November 2014
G20 global infrastructure hub set for Australia G20 global infrastructure hub set for Australia A global infrastructure hub proposed by G20 nations to help strengthen economic growth will be based in Sydney and funded by Australia.
10 November 2014
Central Bank Governor on situations in Russia and Kazakhstan Central Bank Governor on situations in Russia and Kazakhstan According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.
10 November 2014
Kazakhstan not ready for electromobiles: expert Kazakhstan not ready for electromobiles: expert Eduard Edokov, the head of the Independent Automobile Union of Kazakhstan, says that Kazakhstanis are not yet ready to transition to electromobiles both because of their mentality and the lack of infrastructure in the country.
09 November 2014
Russian ruble fall has little effect on Kazakhstan economy: IMF Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.
09 November 2014
Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's domestic debt up $2.5 billion in one day Kazakhstan's debt on government securities has grown by $2.5 billion in just one day.
08 November 2014
Summit of Islamic Financial Services Council to be held in Kazakhstan next year Summit of Islamic Financial Services Council to be held in Kazakhstan next year Governor of the National Bank of Kazakhstan has declared that the summit of the Council for Islamic Financial Services will be held in Almaty in 2015. He also spoke about the future of Islamic finance in Kazakhstan.
08 November 2014
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New Bulgaria PM promises stability in EU's poorest country New Bulgaria PM promises stability in EU's poorest country Bulgaria's new Prime Minister Boyko Borisov said he hoped to restore stability to the EU's poorest country.
08 November 2014
Russian central bank ready to step in to stop ruble panic Russian central bank ready to step in to stop ruble panic Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.
08 November 2014
Joblessness, inequality top global concerns in 2015: report Joblessness, inequality top global concerns in 2015: report Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said.
07 November 2014
With big investments, tech giants battle to stay ahead With big investments, tech giants battle to stay ahead America's technology giants are drawing on their huge cash stockpiles to make big bets on investments and acquisitions that could prove to be visionary.
07 November 2014
BMW leads Mercedes for US luxury car market crown BMW leads Mercedes for US luxury car market crown German automakers BMW, Mercedes-Benz and Audi are battling furiously to dominate the lucrative US luxury car market.
07 November 2014
Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products Following overhaul at three oil refineries Kazakhstan may face excessive supply of petroleum products The only potential market available for our petroleum products is that of other Central Asia states with a growing population and a shortage of oil processing capabilities of their own. And Afghanistan as well: Vice Chairman of the Board at KazMunaiGas.
06 November 2014
Foreign borrowers responsible for 40% of NPLs in Kazakhstan Foreign borrowers responsible for 40% of NPLs in Kazakhstan A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.
05 November 2014
New pipelines to be delivered to Kashagan early 2015 New pipelines to be delivered to Kashagan early 2015 According to the Energy Minister, of today the project subcontractors have purchased around 45 kilometers of pipelines.
05 November 2014
Toyota says on track for record full-year profit Toyota says on track for record full-year profit Toyota said it was on track to book a record $17.5 billion full-year net profit, as the company also lifted its revenue estimate.
05 November 2014
LG, Google strike patent-sharing deal LG, Google strike patent-sharing deal LG Electronics said it had signed a long-term cross-licence deal with Google as the South Korean firm tries to expand its smartphone business.
05 November 2014
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