Spain shows fastest growth in six years: central bank
Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.
Apple splitting stock as iPhone sales soar
Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil "the next big thing."
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.
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
Brazil names 46 suspects in money-laundering, drug probe
Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.
18 April 2014 10:52
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.
