Chevron ordered to pay Ecuador $9.51 bn on appeal: court
An Ecuadoran court Tuesday upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced $9.51 billion.
13 November 2013
China Singles Day online shoppers spend almost $6 bn
Chinese shoppers spent a record 35.0 billion yuan ($5.7 billion) at the country's biggest online marketplaces on Singles Day, their operator said Tuesday, after the festival created by e-tailers to persuade the loveless to console themselves with retail therapy.
EU to hold France, Germany to account in push for growth
The EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, over their growth and deficit policies.
12 November 2013
Venezuela expands crackdown on prices
Venezuelans mobbed appliance and other stores Monday to cash in on price cuts ordered by the leftist government as local elections loom.
12 November 2013
Rosneft to transit crude to China across Kazakhstan
Late October Russia’s Energy Minister Aleksandr Novak said that Rosneft was negotiating oil transits across Kazakhstan to China via the Kazakh-Chinese Atasu-Alashankow pipeline.
Major Sudan airline grounded, blames US sanctions
A major Sudanese airline serving South Sudan and the Middle East suspended operations Sunday, blaming American sanctions, as a document confirmed German carrier Lufthansa will also end flights to Sudan.
11 November 2013
As Twitter flies, fears mount on bubble
Twitter's high-flying Wall Street debut drew attention to the growing power of social media, but also raised concerns about a potential bubble in the sector.
Kazakhstan not aware of its subsurface contents
Up to now some core samples are send abroad as Kazakhstan is still facing shortage of duly certified laboratories that would meet the applicable international standards.
08 November 2013
US shutdown cost $2.0 billion in lost govt output
The 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.
08 November 2013
Twitter to hit Wall Street with hefty price tag
Twitter will make its Wall Street debut Thursday with a price tag of $26 per share, bidding to raise up to $2.1 billion in the most eagerly awaited stock offering since Facebook.
08 November 2013
No time left for KEGOC to run the IPO in 2013
“It’s the privilege of the Government to decide on timing of the IPO (…) If there’s a decision, we will be able to float the Company’s shares within half a year”: the Company’s Chairman of the Board.
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