Balkhash lake named best place for nuclear power plant in Kazakhstan
Earlier the country’s President Nursultan Nazarbayev commissioned the Government to decide before the end of the Q1 2014 on the location, sources of investments and timing of constructing a nuclear power plant in Kazakhstan.
23 April 2014 11:26
GSK, Novartis unveil major healthcare revamp
British pharmaceutical giant GlaxoSmithKline and Swiss peer Novartis announced a major shake-up of their healthcare divisions on Tuesday in deals worth billions of dollars.
China's Shandong Airlines orders 50 Boeing planes for $4.6 bn
Shandong Airlines, one of China's smaller carriers, said it has agreed to buy 50 passenger planes from US manufacturer Boeing for $4.6 billion, in another sign of the country's growing demand for air travel.
Iran oil exports rise to 1.2 mn barrels per day
Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
18 April 2014 18:25
US orange production hit by disease, juice prices soar
A citrus disease spread by a tiny insect has devastated Florida's orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring on New York markets.
18 April 2014 16:31
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Central Bank to raise requirements to banks tenfold by 2020
Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.
President Nursultan Nazarbayev on the country’s financial industry
Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.
China bank loans surge in March: central bank
China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.
Kazakhstan bank assets to reach 80% of GDP by 2020
According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.
15 April 2014 10:32
Citigroup cuts 200-300 jobs
US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
15 April 2014 10:05
Air Astana dropped from EU's grey list
Air Astana left the European Commission’s "grey list" and can now increase the number of flights to the European Union countries.
