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Economy

United States news merger lawsuit company Americas airlines job cuts economy
Airlines vow to fight US move to block merger Airlines vow to fight US move to block merger Lawyers for US Airways and American Airlines voiced confidence Wednesday that they can defeat the US suit to prevent their merger, but allowed that a negotiated deal was also possible.
15 August 2013
Cisco to cut 4,000 jobs Cisco to cut 4,000 jobs Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.
15 August 2013
Rio to lay off 1,700 at Mongolia project Rio to lay off 1,700 at Mongolia project Mining giant Rio Tinto on Thursday said it will lay off up to 1,700 staff at its huge Oyu Tolgoi copper mine in Mongolia after a more than US$5 billion expansion was halted.
15 August 2013
US sues to block US Airways-American Airlines merger US sues to block US Airways-American Airlines merger The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would reduce competition and push up fares.
14 August 2013
Australia's Commonwealth Bank posts record profit Australia's Commonwealth Bank posts record profit Australia's biggest bank, the Commonwealth, on Wednesday posted an eight percent jump in full-year net profit to a record Aus$7.68 billion (US$6.98 billion).
14 August 2013
Brazil sues Samsung over poor working conditions Brazil sues Samsung over poor working conditions Brazil has filed a lawsuit against Samsung alleging poor working conditions at a factory in the Amazon and is demanding more than $100 million in damages.
14 August 2013
Apple lifted by report on iPhone launch Apple lifted by report on iPhone launch Apple shares gained Monday after a report saying the California tech giant was set to announce its next iPhone at a September 10 event.
13 August 2013
Tank farms of all three Kazakhstan refineries full to gills: media Tank farms of all three Kazakhstan refineries full to gills: media The ban on export of oil products introduced by the Kazakhstan government has resulted in the local refineries overstocking their tank farms with products.
13 August 2013
Analysts see return to growth in eurozone Analysts see return to growth in eurozone Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.
13 August 2013
TENGRI LIFE
TENGRI TRAVEL
China set to become world's biggest net oil importer China set to become world's biggest net oil importer China is set to overtake the United States to become the world's largest net oil importer from October, according to US figures.
13 August 2013
KMG branch to build 22 petrol stations in Georgia in 2014 KMG branch to build 22 petrol stations in Georgia in 2014 The Rompetrol Group N.V., a subsidiary of KazMunaiGas National Company, plans to open 22 new petrol stations in Georgia by the end of 2014.
12 August 2013
Government mulling state subsidies to boost sales of locally produced cars Government mulling state subsidies to boost sales of locally produced cars With the APR standing at about 15%, 7% will be subsidized.
12 August 2013
Kazakhstan’s citizens keeping a total of $23.49 billion with Kazakhstan-based banks Kazakhstan’s citizens keeping a total of $23.49 billion with Kazakhstan-based banks The average deposit per Kazakhstani in the H1 2013 stood at $1209, $200 up against the indicator of the H1 2012.
12 August 2013
Brazil energy giant paid bribes to parties: press Brazil energy giant paid bribes to parties: press Brazil's state-run energy giant Petrobras funneled kickbacks to officials from political parties.
12 August 2013
Single Pension Fund to purchase other Kazakhstan pension funds' stock by year end Single Pension Fund to purchase other Kazakhstan pension funds' stock by year end Purchase of the shares of Kazakhstan’s pension funds by the Single Pension Fund will be finalized by the end of 2013.
12 August 2013
Duel over Apple's punishment for e-book price-fixing Duel over Apple's punishment for e-book price-fixing US antitrust attorneys defended their push to restrict Apple in the e-books market as hearings opened Friday on how to punish the the tech giant found guilty of price-fixing.
11 August 2013
China industrial data helps oil rebound China industrial data helps oil rebound Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.
11 August 2013
Some Samsung imports banned in US patent case Some Samsung imports banned in US patent case The US International Trade Commission on Friday blocked imports of some older model Samsung mobile devices following complaints by Apple that the South Korean company had violated its patents.
10 August 2013
Kazakhstan paper producer Kagazy freezes former managers' assets Kazakhstan paper producer Kagazy freezes former managers' assets Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.
09 August 2013
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