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.
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.
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.
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.
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.