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Economy

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Europe's emerging economies back on track Europe's emerging economies back on track Central and eastern European countries have escaped most of the turmoil that has recently lashed emerging economies as they have been shielded by the recovery in the neighbouring eurozone.
03 September 2013
Nokia to sell phone unit to Microsoft for 5.44 bn euros Nokia to sell phone unit to Microsoft for 5.44 bn euros Beleaguered Finnish mobile phone maker Nokia will sell its mobile phone unit to US group Microsoft for 5.44 billion euros ($7.17 billion).
03 September 2013
Kazakhstan National Bank starts pegging tenge to fx basket Kazakhstan National Bank starts pegging tenge to fx basket The currency basket is introduced for changing the operational direction in the currency exchange policy: Marchenko.
02 September 2013
Oil down as Obama seeks Congress approval on Syria Oil down as Obama seeks Congress approval on Syria Oil prices fell in Asian trade Monday after US President Barack Obama's announcement that he would seek approval from lawmakers for military action against Syria eased prospects of an imminent strike.
02 September 2013
Delta, Virgin Atlantic near US antitrust immunity nod Delta, Virgin Atlantic near US antitrust immunity nod Delta Air Lines and Virgin Atlantic Airways on Friday won tentative US approval for antitrust immunity for their proposed transatlantic joint venture.
31 August 2013
Mexico ships first load of premium tequila to China Mexico ships first load of premium tequila to China Mexico on Friday sent its first shipment of 100 percent blue agave tequila to China, hoping to finally break into what sellers say could soon be their second biggest market.
31 August 2013
ECB to double number of women in top positions: report ECB to double number of women in top positions: report The European Central Bank, under fire for being largely a men's club, plans to double the number of women in its top ranks.
30 August 2013
Energy sector leads US stocks gains amid Syria jitters Energy sector leads US stocks gains amid Syria jitters US stocks rebounded Wednesday led by energy companies benefiting from an oil price spike, as the West mulls a possible punitive attack against Syria for its alleged chemical weapons use.
29 August 2013
Japan PM pledges greater government role at Fukushima Japan PM pledges greater government role at Fukushima Japanese Prime Minister Shinzo Abe has promised to the world his government will play a greater role in stopping leaks of highly radioactive water at Fukushima.
29 August 2013
TENGRI LIFE
TENGRI TRAVEL
Assets of the National Oil Fund to exceed $122 billion by 2016 Assets of the National Oil Fund to exceed $122 billion by 2016 A transfer of $980.3 million will be made in 2014 out of the National Oil Fund to finance prep works for EXPO-2017 to be held in Astana.
28 August 2013
Kazakhstan to introduce differentiated rates of tax on real estate Kazakhstan to introduce differentiated rates of tax on real estate The country’s media reported earlier that Kazakhstan’s respective ministries seek to substantially raise taxes on cars equipped with engines of 3-4 liters.
28 August 2013
Oil production output in Kazakhstan to reach 110 million tons in 2018 Oil production output in Kazakhstan to reach 110 million tons in 2018 As was reported earlier, the country’s Oil and Gas Ministry slashed the estimated crude and condensed gas production figures to 2016.
28 August 2013
US to hit debt ceiling in mid-October: Treasury US to hit debt ceiling in mid-October: Treasury The US will hit its statutory debt ceiling in mid-October, raising the chance that the government will be forced to default on its debts.
27 August 2013
BTA expects to recover as early as this year assets reportedly siphoned off by the Bank’s ex Chairman Mukhtar Ablyazov BTA expects to recover as early as this year assets reportedly siphoned off by the Bank’s ex Chairman Mukhtar Ablyazov We are fully aware that some of the assets will never be recovered: BTA’s Chairman of the Board Kadyrzhan Damitov.
27 August 2013
US judge approves $20 mn settlement in Facebook suit US judge approves $20 mn settlement in Facebook suit A US judge on Monday approved a deal in which Facebook will pay $20 million for using members "likes" as endorsements for ads.
27 August 2013
Australia's Billabong posts mammoth $771mn loss Australia's Billabong posts mammoth $771mn loss Embattled Australian surfwear brand Billabong reported a huge Aus$859.5 million (US$771.7 million) net annual loss Tuesday -- triple the firm's market value and far worse than analyst forecasts.
27 August 2013
Japan minister at Fukushima after radioactive leak Japan minister at Fukushima after radioactive leak Japan's government was ramping up pressure on electric utility TEPCO after a huge leak of radioactive water at Fukushima.
27 August 2013
17 million tons of coal mined in Karaganda oblast 17 million tons of coal mined in Karaganda oblast Over 17 million tons of coal was mined in Karaganda oblast in the first 7 months of 2013.
26 August 2013
Greece may need new bailout of 10bn euros Greece may need new bailout of 10bn euros Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
26 August 2013
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