Almaty to beat Moscow by trade areas supply 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 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 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 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 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 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 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 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 enters KASE Bank of America has entered the Kazakhstan Stock Exchange (KASE).
16 May 2014
Japan budget carrier cancels flights due to pilot shortage Japan budget carrier cancels flights due to pilot shortage Japanese low cost carrier Vanilla Air said Friday it will cancel scores of flights in June because it does not have enough pilots to fly them.
16 May 2014
Massive PNG gas project loads first shipment Massive PNG gas project loads first shipment Australian energy firm Santos said Friday the first exports from its huge US$19 billion gas project in Papua New Guinea will soon depart for Japan, four years after the joint venture was given the go-ahead.
16 May 2014
Kazakhstan to supply electric locomotives to Azerbaijan Kazakhstan to supply electric locomotives to Azerbaijan Alstom Transport has signed a contract to supply 50 KZ8A freight locomotives produced in Astana-based Elektrovoz Kurastyru Zauitty to Azerbaijan Railways.
16 May 2014
KazMunaiGas discovers new oil KazMunaiGas discovers new oil KazMunaiGas Exploration Production JCS has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field.
16 May 2014
Kazakhstan exports 20.383 million tons of crude and condensed gas in the first quarter Kazakhstan exports 20.383 million tons of crude and condensed gas in the first quarter In monetary terms, the exports figure for the period made up $16.690 billion, 20.7% up against the like period of 2013.
15 May 2014
Kazakhstan's economy benefits from devaluation: Kelimbetov Kazakhstan's economy benefits from devaluation: Kelimbetov National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.
14 May 2014
Central Bank Governor on Kazakhstan-based banks Central Bank Governor on Kazakhstan-based banks According to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.
13 May 2014
Kazakhstan is concerned over possible widened economic sanctions against Russia Kazakhstan is concerned over possible widened economic sanctions against Russia Russia might face a zero economic growth this year. It’s no good news for us as the two economies are interdependent to a great extent: Kazakhstan’s Central Bank Governor.
13 May 2014
State-run Single Pension Fund to deposit money with Kazakhstan-based banks State-run Single Pension Fund to deposit money with Kazakhstan-based banks “I commission the National Bank and the Government to work out a strategy to invest the assets of the Pension Fund, including depositing the money with Kazakhstan-based banks for a long term”, President Nazarbayev said earlier.
13 May 2014
Petrobras probe on US refinery 'near end' Petrobras probe on US refinery 'near end' An internal investigation of Petrobras' controversial $1.1 billion purchase of a Texas refinery is nearing completion, the Brazilian state oil giant's chief said.
13 May 2014

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