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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

Pilots' strike grounds Lufthansa Lufthansa, Germany's biggest airline, said Monday it will be forced to cancel most of its flights later this week, grounding as many as 425,000 passengers, due to a pilots' strike.

01 April 2014

About 20 000 jobs to be created to cater to EXPO-2017 We are having a feasibility study completed. Within two weeks we will get the findings, including cost estimates: Head of Astana Expo-2017 National Company.

01 April 2014

Merger of pension funds to form a single entity complete in Kazakhstan Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.

31 March 2014

Kazakhstan’s 2013 external debt figure grows from $136.922 billion to $148.753 billion The Central Bank elaborated that the debt of the country’s banking system decreased for the period by 17.5% down to $11.160 billion.

31 March 2014

S.Korea's Samsung SDI absorbs materials unit Samsung SDI, the world's largest smartphone battery maker, said Monday it would absorb an affiliate producing electronic chemical materials, in the latest restructuring of the giant Samsung Group.

31 March 2014

Italian firm wins $1.2 bn Lima metro contract Italian industrial giant Finmeccanica on Friday said it had won a $1.2 billion (873 million euro) contract for building and operating unmanned metro lines in Lima.

30 March 2014

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Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.

29 March 2014

McDonald's entering Kazakh market A McDonald's in Almaty, the biggest city in Kazakhstan, is to be launched May 1 on Arbat, the main pedestrian zone. The fast food outlet in Astana is to be launched June 1 in Khan Shatyr shopping mall.

28 March 2014

Fuel prices to remain unchanged in Kazakhstan until mid year: Oil Minister According to him, even if they have to work incurring certain losses, the KMG National Oil Company will be maintaining the prices at the declared level regardless of the marketing economy rules.

28 March 2014

Alcohol ads ban: nearly 100 websites closed in Kazakhstan 92 websites have been banned by Kazakhstan courts for violating the law prohibiting advertisement of alcohol.

27 March 2014

Samsung irked by early Galaxy S5 release in South Korea Samsung voiced annoyance Thursday after South Korean telecoms operators released its latest smartphone ahead of schedule in order to dodge sales restrictions imposed by regulators.

27 March 2014

Prodigal son returns as Murdoch sets succession plan Rupert Murdoch's prodigal son is back, with key roles in the family's media entertainment empire in what appears to be a succession plan for the 83-year-old tycoon.

27 March 2014

KazTransOil to increase oil pumping tariffs KazTransOil will increase oil pumping tariffs on exported oil starting from April.

27 March 2014

China firm aims for the sky with Russia plane project: reports A little-known Chinese firm hopes to set up a facility to assemble regional jets made by Russia's Sukhoi in a multi-billion-dollar deal, state media reported.

27 March 2014

Australia to sell biggest health insurer The conservative government of Prime Minister Tony Abbott on Wednesday said it would press ahead with the sale of Australia's largest health insurer Medibank Private via an initial public offering.

26 March 2014

Kazakhstan increases wheat export to Russia by one third Russia imported 571.7 thousand tons of wheat via railway from Kazakhstan from July 1, 2013 to February 28, 2014 that is 35.8% more than last agricultural year.

26 March 2014