Bank of Cyprus completes $1 bn private share placement
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014 04:43
With new default looming, Argentina urges calm
Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.
29 July 2014 16:16
Airbus cancels order for six A380s from Skymark
Airbus has cancelled an order for six A380 superjumbos from Skymark Airlines because the Japanese company is facing financial difficulties, French daily Les Echos reported.
29 July 2014 14:29
Russia ordered to pay Yukos shareholders $50 billion
The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London
US food firm sorry over China 'bad meat' scandal
The US food supplier at the centre of an expired meat scandal in China has apologised, as KFC and Pizza Hut's parent company said it would stop using the firm's products in the key Chinese market.
25 July 2014 10:04
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan and Russia discuss extending sales contract for Karachaganak gas
Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.
Central Bank Governor advises against borrowing
According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
Monthly average shopping expenses revealed in Kazakhstan
Almaty, the biggest Kazakhstan’s city, is ranked 1st in terms of the average monthly expenses, with the average monthly amount standing at 91 000 tenge ($497), 5 times in excess of the subsistence level set for the region.
22 July 2014 11:43
Kazakhstan announces grain exports figure
Kazakhstan’s 2013 grain harvest (net weight) made up 18.9 million tons. According to the Kazakh Agriculture Ministry, grain exports in the 2013-2014 marketing year were estimated at about 7 million tons.
