Almaty is Eurasian Union's Frankfurt in the making: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov declared that Almaty is Eurasian Union's Frankfurt in the making.
05 June 2014
LATAM Airlines crews threaten strike on eve of World Cup Maintenance crews at LATAM Airlines, the region's biggest carrier, threatened Wednesday a 48-hour strike that could delay flights on the first days of the World Cup in Brazil.
05 June 2014
Australians lose $100 million in coins each year Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.
05 June 2014
Mining exports drive Australian growth Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.
05 June 2014
Japan's Dai-ichi Life to buy US firm for $5.7 bn Dai-ichi Life Insurance said Wednesday it would buy US-based Protective Life for $5.7 billion in a record deal, the latest overseas takeover by a Japanese firm to counter a declining market at home.
04 June 2014
France says proposed US fine on BNP Paribas 'unreasonable' France's foreign minister on Tuesday labelled as "unreasonable" a $10-billion-dollar fine the US is reportedly seeking from BNP Paribas bank on charges of violating sanctions on Iran, Sudan and Cuba.
03 June 2014
El Salvador joins cut-rate oil grouping El Salvador on Monday announced it has joined Petrocaribe, the Venezuelan energy subsidy program that gives access to cut-rate oil.
03 June 2014
New Apple software brings Macs and iPhones closer Apple on Monday unveiled new operating software it hopes will create a seamless experience for users flitting between its coveted mobile devices and popular Macintosh computers.
03 June 2014
Saudi tests Cadbury chocolate for pork traces Saudi Arabia has withdrawn Cadbury chocolate bars from the market for tests to ensure the products do not contain traces of pig DNA, after the banned substance was detected in Malaysia.
03 June 2014
Almaty to be a major financial center in Asia There is a Global Financial Centres Index (…)Out of the 83 financial centers covered, Almaty is ranked 58th: Central Bank Governor.
02 June 2014
Central Bank Governor on possible second wave of currency devaluation Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.
02 June 2014
Germany's Siemens says nearly 12,000 jobs under threat German industrial giant Siemens said Friday it was weighing cuts of nearly 12,000 jobs around the world as part of a major restructuring.
01 June 2014
Venezuela to repay $2 bn of debt to local importers Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.
31 May 2014
Spain okays Repsol plan for Canary Islands exploration The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".
30 May 2014
Starbucks comes under 7-Eleven control in Australia The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its fortunes, the company said.
29 May 2014
Accor buys 97 hotels in Europe for 900 mn euros Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total of 900 million euros ($1 billion).
28 May 2014
Kazakhstan’s Oil Minister on crude and gas production We expect the gross production of crude and condensed gas to reach 112 million tons a year by 2030; the figure stood at 81.8 million tons last year: Uzakbai Karabalin.
27 May 2014
Where the gold is in Kazakhstan? IdeaLab has calculated the amount of gold reserves and mapped out the gold deposits in Kazakhstan.
27 May 2014
New operator for Kashagan to be launched by September 2014 The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.
27 May 2014
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