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Economy - страница 67

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Japan's Rakuten paying $900 mn for Cypriot app-maker Rakuten, Japan's largest online shopping mall operator, said Friday it would buy Cyprus-based application maker Viber Media for $900 million, as its expands an overseas empire that includes Canadian e-reader company Kobo.

14 February 2014

President Nazarbayev opposes state support to failing banks and companies According to him, “We are a market economy. In a market economy thousands of businesses go out of business every year”.

14 February 2014

President Nazarbayev on NPLs As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.

14 February 2014

Kazakhstan’s President Nursultan Nazarbayev furious over People’s IPO delays I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.

14 February 2014

PS4 tops list as US videogame console sales climb US videogame hardware sales surged in January, with Sony's new-generation PlayStation 4 consoles leading the charge.

14 February 2014

Oil markets tight, IEA warns World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.

14 February 2014

Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014

Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

13 February 2014

Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.

13 February 2014

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Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.

13 February 2014

Devaluation in Kazakhstan: How black was Black Tuesday? Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

13 February 2014

China's Lenovo aims for third in global smartphone market The chairman of Chinese computer giant Lenovo pledged Thursday to make the company the world's third-biggest smartphone seller following an acquisition binge as the firm announced a 30 percent profit surge.

13 February 2014

10% hike: Air Astana on prices for air tickets The 20% currency devaluation will have an impact on the company’s financial performance as 70% of sales are in the national currency, with 65% of expenses being in US Dollars: Erbol Ospanov.

13 February 2014

Kazakhstan’s Central Bank Governor calls commoners to count their blessings I believe Kazakhstanis appreciate the policy pursued by the country’s authorities: many Kazakhstanis got a job, many have started their own businesses; it’s just the start of the way: Kairat Kelimbetov.

12 February 2014

Kazakhstan’s Central Bank Governor on immediacy of the decision to devalue the national currency by 20% Starting from February 11, 2014 Kazakhstan’s Central Bank decided to stop supporting the tenge exchange rate, decrease currency interventions and stop interference with shaping the tenge exchange rate.

12 February 2014

Kazakhstan’s Central Bank Governor glad over his growing publicity in the wake of the 20% currency devaluation My popularity ratings in my own family had never been so high: Kairat Kelimbetov.

12 February 2014

Kazakhstan's central bank sets tenge exchange rate to 163.9 per $1, but no second-tier banks bother Average weighted exchange rate of tenge against dollar equaled to 163.9 tenge per dollar.

12 February 2014

Oil prices up on winter demand, Yellen testimony Oil prices rose in Asian trading hours Wednesday due to strong winter demand and expectations that new Federal Reserve head Janet Yellen will not shake up US monetary policy.

12 February 2014

Yahoo buys smartphone diary-app maker Wander Yahoo on Tuesday added the startup behind smartphone visual diary-app Days to its list of acquisitions as CEO Marissa Mayer tries to pump new life into the aging Internet pioneer.

12 February 2014