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Economy - страница 58

Kazakhstan banks exposed to high forex risk: S&P Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.

23 May 2014

$138 billion offshored from Kazakhstan At a meeting of the National Chamber of Entrepreneurs of Kazakhstan it was announced that according to international estimates the money offshored from Kazakhstan amounts to $138 billion.

23 May 2014

Vice Minister of Oil and Gas on Kashagan According to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.

22 May 2014

$27.6 billion invested into construction of Astana in the last 16 years The population of the city has tripled for the period, with the GDP growing more than 54 times. The share of Astana in the nation’s GDP has grown 6 times: Imangali Tassmagambetov, the City Mayor.

22 May 2014

Kazahstani banks initiate WhatsApp call-center services Kazakhstani banks are starting to provide consultations over WhatsApp.

22 May 2014

Kazakhstan’s oil service market to accommodate $200 billion investments in the following 13 years At least 50 000 jobs will be created to accommodate Kazakhstan’s workforce: Yerlan Muratov, Vice Chairman of the Board at Kazakhstan Engineering National Company.

22 May 2014

Australian tycoon sells racing empire to Mideast group Australian coal tycoon Nathan Tinkler on Wednesday said his thoroughbred breeding and racing empire had been bought by a consortium of local and Middle Eastern parties for an undisclosed sum.

21 May 2014

Australia's Treasury Wines rejects $2.85 bn takeover offer Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.

21 May 2014

Kazakhstan approves new geological exploration program Kazakhstan's geological exploration will focus on precious metals, especially gold, rare earth metals and copper.

20 May 2014

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Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.

20 May 2014

Almaty to beat Moscow by trade areas supply Almaty will outgrow Moscow by Gross Leasable Area per capita in two years.

20 May 2014

Credit Suisse guilty on US felony charge, pays $2.6 bn Credit Suisse pleaded guilty and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

20 May 2014

AstraZeneca rejects Pfizer's final $117bn bid British drugs giant AstraZeneca rejected on Monday a final takeover bid from US rival Pfizer worth $117 billion, saying it undervalued the firm and created uncertainty and risk for shareholders.

20 May 2014

Yahoo Japan cancels $3.2 bn plan to buy eAccess Internet giant Yahoo Japan said Monday it had cancelled plans to buy domestic telecom company eAccess from its parent SoftBank Corp. in a deal that was valued at about $3.2 billion.

20 May 2014

Swiss turn down world's highest minimum wage Swiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.

19 May 2014

Kazakhstan planning to reduce foodstuffs imports The imports figures are posing a certain threat to domestic processing enterprises (…) The Government has placed a greater emphasis on development of processing enterprises to stimulate production: Agriculture Minister.

17 May 2014

Kazakhstan to produce 190 000 cars a year by 2019 The task is to bring the number of cars from the current 37 000 to 190 000 cars a year, with the share of locally produced parts from raising from the current 30% to 50%: Industry Minister Asset Issekeshev.

17 May 2014

PlayStation 4 leads jump in US console sales Sony's PlayStation 4 led a surge in console sales that lifted the US video game market in April, said figures released Thursday by market research firm NPD Group.

17 May 2014

Bank of America enters KASE Bank of America has entered the Kazakhstan Stock Exchange (KASE).

16 May 2014