Economy - страница 63

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Chevron, YPF ramp up Argentina shale investment US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.

12 April 2014

Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank Kazakhstan businessman Bulat Utemuratov has received a permission from the Central bank to finalize his purchase of Alliance Bank and Temirbank.

11 April 2014

President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.

11 April 2014

Government should teach Kazakhstan’s citizens to pay off loans: President Nazarbayev President is confident that excessive support to businesses on the part of the Government hampers businesses from developing.

11 April 2014

People in Astana don't like new apartments? Astana folks abstain from buying apartments in new buildings.

11 April 2014

Toyota permits Kazakhstani retailers to use its trademark Kazakhstani sellers of car spare parts have finally been permitted to use Toyota trademark on they advertisement banners and leaflets.

11 April 2014

German inflation hits three-year low in March The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

11 April 2014

Marks & Spencer reports rising Q4 sales British high street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division.

11 April 2014

Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.

09 April 2014

TENGRI LIFE

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Kazakhmys sells 50% in Ekibastuz GRES-1 to Samruk-Energo Kazakhmys PLC has finalized the sale of 50% in Ekibastuz GRES-1 to Samruk-Energo JSC for $1.25 billion.

08 April 2014

Civil Aviation Committee launches a comprehensive inspection of SCAT airline April 7, 2014 a Boeing 737 operated by SCAT made an emergency landing at the airport of Astana. January 29, 2013, a CRJ 200 operated by SCAT, crashed 5 kilometers away from Almaty.

08 April 2014

Kazakhstan’s international reserves figure announced The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.

08 April 2014

Indian drug maker Sun to buy troubled peer Ranbaxy for $4.0 bln Top Indian drug giant Sun Pharmaceutical Industries said Monday it had agreed to buy its troubled peer Ranbaxy for $4.0 billion in stock, ending its ill-fated six-year control by Japan's Daiichi Sankyo.

07 April 2014

Oil Minister on Kazakhstan’s export capabilities amidst possible sanctions against neighboring Russia According to him, Kazakhstan’s Caspian sea port in Aktau now exports about 12 million tons of crude; the route to China also remains important.

07 April 2014

Project to ensure gas supplies to Astana postponed for cost considerations The construction would require investments of over $1 billion. According to the Ministry of Economic Affairs and Budget Planning, the draft project was deemed as excessively expensive: Oil Minister Uzakbai Karabalin.

07 April 2014

In 2013 Kazakhstan sent biggest volume of crude to Italy In 2013, Italy accounted for 27% of Kazakhstan’s crude exports, followed by China (17%), the Netherlands (13%), France (9%), Austria (7%): Oil Minister Uzakbai Karabalin.

07 April 2014

Oil Minister Uzakbai Karabalin on Kashagan Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.

07 April 2014

Stop importing food, support local producers: Kazakh Senator Kazakhstani lawmaker Kozhakhmet Baimakhanov believes Kazakhstan can meet the demand for rice and flour without importing the goods.

05 April 2014

US allows Boeing to sell plane parts to Iran The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman told AFP Friday.

05 April 2014