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Economy - страница 8

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Kazakhstan's Kaspi Bank acquires status of bank holding company One of largest Kazakhstan’s banks Kaspi Bank has acquired the status of a bank holding company.

12 November 2015

UniCredit, feeling squeeze from low rates, cuts 18,200 jobs Italy's top bank UniCredit announced plans to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings.

12 November 2015

EU gives Volkswagen 10 days to clarify CO2 irregularities EU regulators have given Volkswagen 10 days to clarify its own admission that nearly a million of the company's cars emit more CO2 pollution than originally claimed.

11 November 2015

France wants Renault-Nissan 'operational integration', no merger: minister France wants an "operational integration" between Renault and Nissan, Economy Minister Emmanuel Macron said, but reaffirmed that a merger is "not on the agenda".

10 November 2015

Peugeot Citroёn launches full-cycle automobile production in Kazakhstan Kazakh National Holding Baiterek has signed an agreement with Peugeot Citroën to set up full-cycle assembly of cars in Kostanay, Kazakhstan.

10 November 2015

Tag Heuer unveils high-end rival to Apple Watch TAG Heuer, the Swiss watchmaker that is part of the French luxury goods groupLVMH, showed off its first Internet-connected wristwatch designed withGoogle and Intel.

10 November 2015

Belgian court gives Facebook 48 hours to stop tracking Internet users A Belgian court gave Facebook 48 hours to stop tracking Internet users who do not have accounts with the US social media giant, or risk fines of up to 250,000 euros ($269,000) a day.

10 November 2015

Fitch slashes VW ratings over poor management of pollution fraud Fitch ratings agency on Monday cut Volkswagen's credit rating by two notches, saying that a widening pollution cheating scandal has exposed weak corporate governance at the German auto giant.

10 November 2015

French PM says opposed to Renault, Nissan merger French Prime Minister Manuel Valls said he was opposed to a full merger of Renault and Nissan, but wanted to "preserve the alliance", following a week of mounting tensions over the role of the state in the carmaker.

09 November 2015

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Facebook soars to new heights on upbeat earnings Facebook shares rocketed to an all-time high as investors welcomed solid earnings for the social networking giant, which has seen big gains in advertising and better connections in mobile and video.

06 November 2015

Second Baltic pipeline will cost Ukraine $2bn a year: PM Ukrainian Prime Minister Arseniy Yatsenyuk blasted a planned second gas pipeline under the Baltic Sea, claiming it would cost his country $2 billion (1.8 billion euros) a year in lost revenue.

06 November 2015

Kazakhstan’s Central Bank on ongoing depreciation of the tenge To keep the gold and FX reserves intact, the Central Bank decided to minimize its participation in the country’s FX market starting from November 5, 2015.

05 November 2015

Moody's cuts VW's credit rating amid emissions scandal Moody's hit embattled German automaker Volkswagen with a credit downgrade, saying the company's reputation and earnings were at risk from the growing emissions cheating scandal.

05 November 2015

Moscovici confident of 'compromise' with Greece on remaining reforms The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.

04 November 2015

VW sales in United States hit by emissions scandal Volkswagen sales in the US market appeared to take a hit last month from the company's huge emissions scandal.

04 November 2015

Commerzbank plans dividend for 2015 despite drop in Q3 profits Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.

02 November 2015

Samsung unveils $10bn share buyback with Q3 profit surge South Korea's Samsung Electronics pulled out of an extended earnings dive, reporting a nearly 30 percent surge in third-quarter net profit and announcing a $10 billion share buyback.

29 October 2015

Facebook's Zuckerberg in India to get 'next billion online' Facebook chief executive and founder Mark Zuckerberg said he believes India will be crucial to getting "the next billion online" and helping to alleviate poverty.

28 October 2015

Facebook expands smartphone alerts to news, weather Facebook, making a bigger push to deliver personalized information to its members, said it was expanding its mobile alerts to include sports scores, weather updates and local news updates.

27 October 2015