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Detroit becomes largest US city to file for bankruptcy Detroit on Thursday became the largest city in US history to file for bankruptcy protection after decades of decline and mismanagement rendered the home of the nation's auto industry insolvent.

19 July 2013

Almaty leads by budget incomes in 2013 The average budget income per one Almaty citizen has made 730 thousand tenge ($4,900) in 2013.

18 July 2013

Boeing stocks dive after 787 fire at Heathrow Boeing stocks plunged nearly 5 percent on Friday after a fire and a "technical issue" on separate 787 Dreamliners in Britain stoked fresh safety concerns about the new high-tech jetliner.

13 July 2013

Europe floods to cost insurers up to $4.5 billion: Swiss Re The devastating floods that hit central and Eastern Europe last month caused up to $4.5 billion (3.5 billion euros) in losses for the insurance industry.

09 July 2013

Merkel hosts leaders to fight youth unemployment German Chancellor Angela Merkel hosts European leaders in a bid to tackle sky-high youth unemployment.

03 July 2013

Oil trafficking funds Kazakhstan's religious extremists Illicit trafficking in oil and oil products fuels Kazakhstan's shadow economy and provides funding to organized criminal groups, including radical religious movements: official.

01 July 2013

Spain raises taxes on alcohol, tobacco The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, on Friday raised taxes on tobacco and alcohol.

29 June 2013

Lebanon tourism pays the price for Syria's war Dia's restaurant in the Lebanese resort village of Aley is deserted. Most years, he caters to thousands of rich Gulf Arab tourists and to visiting expats, but this year no one has come.

29 June 2013

EU leaders pledge job funds, back new budget European leaders on Friday agreed to deploy 8.0 billion euros ($10.4 billion) to help create jobs for young people at a summit that also backed a tentative deal on the EU's next trillion-euro budget, despite simmering doubts.

29 June 2013

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Murdoch, Abu Dhabi group eye Financial Times: report Media mogul Rupert Murdoch and Abu Dhabi's state media group are in talks to acquire the Financial Times Group for about $1.2 billion.

28 June 2013

EU ministers agree on new bank rescue rules European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.

27 June 2013

Moody’s Investors Service on Kazkahstan’s 2013 GDP According to the rating agency, GDP can be maintained at 5% in 2014, with the growth depending on the giant Kashagan oilfield expected to start commercial production later this year.

26 June 2013

Moody’s Investors Service on Kazakhstan’s banking sector The banking system outlook remains negative, experts believe, assigning the problem “to the high share of NPLs and weakened lending growth.

26 June 2013

Kazakhstan's investments grow 10,000 tenge per capita Compared to last year investments per capita grew 10 thousand tenge ($66.7) and made 102.5 thousand tenge ($683) in H1 2013 in Kazakhstan.

24 June 2013

EU finance minister talks break down on bank closure regime European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.

24 June 2013

US cuts prison term of disgraced Enron CEO Skilling A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.

23 June 2013

Halyk Bank may give up on BTA deal The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.

21 June 2013

Moody's confirms Astana's positive rating with Stable outlook International rating agency Moody’s has confirmed Astana’s investment rating at the level of Baa3 with Stable outlook.

19 June 2013

Reasons for postponement of the People’s IPO Program According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings.

19 June 2013