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Intel lays off of 1,500 employees in Costa Rica US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees.

09 April 2014

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

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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

China's Huawei partners with Paris SG football club Chinese tech giant Huawei has signed a three-year sponsorship deal with Paris Saint-Germain, one of Europe's biggest football clubs, the French club announced Saturday.

05 April 2014

Over 100 workers go on strike demanding higher wages in Western Kazakhstan More than one hundred employees of Techno Trading LLP refused to continue working in demand of an increase in wages.

04 April 2014

KazMunaiGas quits White Bear JSC KazMunaiGas (KMG) decided to quit White Bear project.

04 April 2014

Kyrgyzstan cuts electricity supply to Kazakhstan Ministry of Energy and Industry of Kyrgyzstan announced that they will not export electricity to Kazakhstan in 2014 due to the shortage of water in the largest water reservoir of the country Toktogul.

04 April 2014

Novartis replaces top Japan executives over drug trial scandal Swiss pharmaceutical giant Novartis said Thursday it was replacing the top executives at its Japanese unit over allegations the division hid serious potential side effects of leukaemia treatments from regulators.

03 April 2014

Lufthansa flights to return to normal Saturday: CEO German airline Lufthansa, which is currently battling the biggest strike in its history, expects normal services to be up and running on Saturday, its chief executive said.

03 April 2014

Mining giant BHP mulling demerger Global mining giant BHP Billiton is considering spinning-off its aluminium, bauxite and nickel assets into a single entity that would be worth about Aus$20 billion ($18.5 billion), reports said Wednesday.

02 April 2014

NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings As of the end of 2013, the share of NPLs throughout the country’s banking sector stood at 31.2%. According to Fitch Ratings, in February the indicator grew to 33%.

02 April 2014

Japan shoppers see first sales tax rise in 17 years Prices rose across Japan Tuesday as a controversial sales tax rise came into effect, with everything from beer to washing machines costing more, sparking fears a drop in consumer spending will derail a nascent economic recovery.

01 April 2014