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wealth tycoon Portugal news finance Europe Debt crisis space compensation crash

Crisis what crisis? Portugal's richest get richer Portugal may be mired in a debt crisis, but its 25 richest people got 16 percent wealthier in 2013, with fortunes equivalent to nearly 10 percent of the country's GDP, rankings published Thursday showed.

29 November 2013

Russia invoiced $90 million for Proton-M crash in Kazakhstan Kazakhstan has sent Russia a $90 million bill for the Proton-M carrier rocket crash at Baikonur in Kazakhstan.

26 November 2013

Pacific faces big economic losses from climate change: ADB The Pacific region faces serious economic losses due to climate change and it is critical that nations causing the problem step in to help, the Asian Development Bank said Tuesday.

26 November 2013

Astana to see new tourism facilities worth $250 million for EXPO-2017 December 20 Astana would be hosting a conference focused on specific suggestions to develop tourism in Astana as part of preparation for EXPO-2017.

25 November 2013

China sniffs out EEurope investment opportunities Chinese Prime Minister Li Keqiang arrives in Romania on Monday ahead of a summit with 16 Central and Eastern European leaders keen to woo investment from the world's number two economy.

25 November 2013

Eurozone warns Spain, Italy to deliver on commitments The eurozone Friday warned five countries led by Spain and Italy to deliver on promises to hit deficit and debt targets in national spending plans next year.

24 November 2013

iPhone maker Foxconn invests $40 million in US Taiwan's Foxconn, the maker of iPhones, iPads and other electronics in China, said Thursday it would invest $40 million in the United States to ramp up manufacturing of high-end products.

22 November 2013

BoJ holds fire on stimulus, says economy recovering The Bank of Japan on Thursday held off announcing any fresh measures to stimulate the economy, saying it was "recovering moderately" and that efforts to stoke inflation were taking hold.

21 November 2013

Kazakhstan’s President meets Central Bank Governor The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues], increased by 7.4% since the start of the year, reaching $92.4 billion: Central Bank Governor.

21 November 2013

TENGRI LIFE

TENGRI TRAVEL

20-thousand Kazakhstan Tenge bill unveiled The design of a commemorative 20-thousand bill was presented to journalists.

19 November 2013

Kazakhstan's GDP grows 5.7 percent Kazakhstan's GDP in January-October 2013 has grown 5.8 percent in real terms.

18 November 2013

JPMorgan to pay investors $4.5bn over mortgage bonds JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.

16 November 2013

Yellen says Fed stimulus must continue Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank's stimulus must remain in place to bolster an economy where growth remains fragile.

15 November 2013

Fitch Ratings affirms Kazakhstan's Long-term foreign and local currency IDRs at 'BBB+' and 'A-' respectively The Outlooks on the Long-term IDRs are Stable.

15 November 2013

Euro "too strong", says European Commission's Tajani European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.

14 November 2013

Pension assets to be fully consolidated in the Q1 2014: Central Bank Governor Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.

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.

13 November 2013

EBRD raises Kazakhstan’s estimated GDP growth rate At the same time the Bank’s analysts point to weakness of the country’s banking sector, with over 30% of the loan portfolios being NPLs.

13 November 2013

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