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Germany's Siemens says nearly 12,000 jobs under threat 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 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 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 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 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 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? 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 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
Sony to sell PlayStation in China through new ventures Sony to sell PlayStation in China through new ventures Sony will bring its PlayStation consoles to China through two joint ventures, its Chinese partner said Monday, as the Japanese gaming giant seeks to tap a newly opened market.
27 May 2014
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China to purchase wheat from Kazakhstan China to purchase wheat from Kazakhstan China is going to purchase 100 thousand tons of wheat from Kazakhstan.
26 May 2014
Kazakhstan should be ready for global economic slowdown: President Nazarbayev Kazakhstan should be ready for global economic slowdown: President Nazarbayev We should be ready to face a substantial weakening of the global economy growth (…) the situation seems to be worsening, rather than getting better: President Nazarbayev.
23 May 2014
Kazakhstan banks exposed to high forex risk: S&P 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 $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 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 $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 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 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 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 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
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