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Economy

Tethys Petroleum selling 50 percent of Kazakh assets to Chinese equity fund Tethys Petroleum selling 50 percent of Kazakh assets to Chinese equity fund Tethys Petrolium is selling 50 percent of its Kazakhstan assets to SinoHan Oil and Gas Investment.
07 November 2013
I.Coast cocoa bosses get 20 yrs for embezzlement I.Coast cocoa bosses get 20 yrs for embezzlement An Abidjan court on Wednesday sentenced 14 former bosses of Ivory Coast's cocoa sector -- the world's number one producer -- to 20 years in prison in a major embezzlement case.
07 November 2013
China seeks world role for 'people's money' China seeks world role for 'people's money' With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
06 November 2013
BMW says 'on course' after good Q3 BMW says 'on course' after good Q3 German luxury car maker BMW said Tuesday it is confident of meeting its full-year forecasts after business developed favourably in the third quarter.
05 November 2013
Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan's 3-year budget based on $90 per barrel oil price Kazakhstan has based its new 3-year budget on the oil price of $90 per barrel.
05 November 2013
US still in talks with US Airways, American on merger US still in talks with US Airways, American on merger The US Department of Justice said Monday it is still in talks with US Airways and American Airlines to settle competition concerns in their proposed merger.
05 November 2013
Kazakhstan poised to join Islamic Financial Services Board Kazakhstan poised to join Islamic Financial Services Board Kazakhstan intends to join the Islamic Financial Services Board (IFSB).
04 November 2013
Claims worth $1.29 billion brought by AES Corporation against Kazakhstan dismissed by ICSID Claims worth $1.29 billion brought by AES Corporation against Kazakhstan dismissed by ICSID The AES Corporation is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries.
04 November 2013
E. Africa pirates took up to $413 mn since 2005: study E. Africa pirates took up to $413 mn since 2005: study Horn of Africa pirates have raked in up to $413 million in ransom since 2005, with most of it used to finance "global scale" criminal operations.
04 November 2013
TENGRI LIFE
TENGRI TRAVEL
KASE becomes member of World Federation of Exchanges KASE becomes member of World Federation of Exchanges Kazakhstan Stock Exchange (KASE) has become a member of World Federation of Exchanges (WFE).
02 November 2013
China manufacturing index hits 18-month high: govt China manufacturing index hits 18-month high: govt Chinese manufacturing grew at its strongest pace in 18 months in October, figures showed Friday, but government and independent analysts warned underlying data suggest economic weaknesses remain.
01 November 2013
ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset ConocoPhillips completes sale of Kashagan share to KMG and views Kashagan as non-core asset The main reason why ConocoPhillips sold its share in the gigantic pie that everyone wants a bite from has nothing to do with the complexity of the field or the bulging expenses of the consortium to develop it.
31 October 2013
Grain harvest expected at 18.5-19 million tons Grain harvest expected at 18.5-19 million tons According to the country’s Agriculture Ministry, the harvesting campaign is complete in 97% of crop lands.
31 October 2013
Suspended production at Kashagan may disrupt Kazakhstan’s plan of producing 82 million tons of crude in 2013 Suspended production at Kashagan may disrupt Kazakhstan’s plan of producing 82 million tons of crude in 2013 According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
31 October 2013
Foreign contractors bereave Kazakhstan businessmen of billions Foreign contractors bereave Kazakhstan businessmen of billions Foreign contractors have bereaved the local businessmen registered at the Kazakhstan government's public procurement website of around $372.6 million.
31 October 2013
Chinese bank lends Niger $1 billion: minister Chinese bank lends Niger $1 billion: minister Niger has accepted a controversial $1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects.
30 October 2013
World Bank: Singapore, Hong Kong best for business World Bank: Singapore, Hong Kong best for business Singapore and Hong Kong rank the world's best places to run a business, while mainland China remains far down the list.
30 October 2013
TengizChevroil to resume oil shipments through Baku – Tbilisi – Ceyhan TengizChevroil to resume oil shipments through Baku – Tbilisi – Ceyhan The consortium has already designated the Aktau tanker to transport crude from Aktau to Baku to be further pumped to the pipeline.
29 October 2013
Managing Director of Agip KCO resigns Managing Director of Agip KCO resigns Managing Director of Agip KCO Umberto Carrara is going to be replaced by Guido Brusco after November 1.
29 October 2013
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