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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.

07 November 2013

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 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' 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 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 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 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

TENGRI LIFE

TENGRI TRAVEL

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 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

Air Astana launches direct flight from Astana to London Kazakhstan's blue-chip airlines Air Astana has launched direct flights from Astana to London.

02 November 2013

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 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 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 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 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 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 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