Economy - страница 53

production Oil news Kazakhstan Kazakh gasoline gas penalties India

Petrol production in Kazakhstan grows 17% from January to June Earlier the country’s Oil Minister Uzakbai Karabalin assured journalists the country wasn’t going to face any petrol shortages.

16 July 2014

Government slaps $579 million penalty on India's Reliance The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.

16 July 2014

IBRD to loan $36 million to Kazakhstan to enhance legal system President Nursultan Nazarbayev has endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development.

16 July 2014

Bank of Japan holds off fresh stimulus, says economy recovering The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike.

15 July 2014

Samsung finds 'evidence' of child labour at China plant Samsung said Monday it had temporarily suspended business with one of its suppliers in China after finding "evidence" of possible illegal child labour at the plant.

15 July 2014

Kashagan to be developed by consolidated company Kashagan will be developed by a consolidated joint venture company.

14 July 2014

Kazakhstan foreign debt figure announced The banking sector’s foreign debt from January to March 2014 decreased by 5.7% down to $10.519 billion.

14 July 2014

Gold shines as investors seek shelter; oil drops again Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.

12 July 2014

Softbank in deal to merge Sprint, T-Mobile: report Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.

12 July 2014

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Kazakhstan announces its international reserves figure The gold and FX reserves of the Central Bank grew by 7.1% to reach $26.471 billion from January to June 2014, with the assets of the National Oil Fund growing by 8.21% to reach $76.607 billion.

10 July 2014

China's economy on track as June trade surplus jumps China's monthly trade surplus jumped 16.4 percent in June to $31.6 billion, official data showed Thursday, as exports and imports both rose in the latest sign of recovering strength in the world's second-largest economy.

10 July 2014

Japan shipping giant plans first regular Arctic route Japan's Mitsui O.S.K. Lines announced plans for the world's first regular commercial shipping route through the Arctic Ocean, starting in 2018, in an attempt to reduce sailing times.

09 July 2014

Chinese court rules against Apple in patent case US technology giant Apple has lost a lawsuit against a Chinese state regulator over patent rights to voice recognition software such as the iPhone's "Siri", a Beijing court said.

09 July 2014

Almaty and Astana best cities of former USSR according to Forbes Russian Forbes named Almaty and Astana among best cities of the former USSR.

09 July 2014

4 Kazakh companies to float in People's IPO Four big Kazakhstani companies will offer their shares during the People's IPO.

09 July 2014

New Air Kazakhstan airplanes presented in Astana Bombardier Aerospace has presented a Q400 NextGen airplane in Astana. Kazakhstan is planning to purchase several of those for its new airlines.

08 July 2014

Samsung Electronics flags 25% plunge in Q2 profit Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.

08 July 2014

Samruk-Kazyna withdraws from Temirbank Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.

07 July 2014

Kazkom-BTA merger may produce largest universal bank in region Kazkommertsbank and Kazakh businessman Kenes Rakishev have completed the acquisition of BTA Bank from Samruk Kazyna Kazakhstan's national wealth fund.

07 July 2014