Moody's cuts Germany outlook Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
24 July 2012
China’s investments to Kazakhstan standing at $13 billion According to China’s statistics, trade turnover last year reached $24.95 billion, 22% up against 2010.
24 July 2012
Indonesia's weakening rupiah raises concerns Indonesia's weakening rupiah and widening current account deficit are raising concerns about Southeast Asia's largest economy, which is struggling against contagion from the global crisis.
24 July 2012
Euro falls to lowest against yen in over a decade The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.
23 July 2012
Oil strikes two-year high; soya scores record high Oil prices hit two-month highs this week, driven by Federal Reserve stimulus hopes and Middle East unrest, while soyabeans soared to a record high as US supplies were hit by drought.
22 July 2012
Nasdaq hikes payout figure for botched Facebook IPO Nasdaq on Friday raised to $62 million the amount of money it will set aside to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
21 July 2012
Businessman suspected of fraud against Kazakhstan pension fund in Canada Ontario Securities Commission filed quasi-charges to a businessman in alleged fraud involving Kazakhstan pension fund.
20 July 2012
Kazakhstan GDP grew 7-fold in 9 years Last year’s GDP per capita made $11 thousand, which is 650 percent more than in 2002.
19 July 2012
China doubles loans to Africa to $20 billion President Hu Jintao said Thursday China would offer $20 billion in new loans to Africa, as he delivered a speech to a Beijing forum on co-operation with the resource-rich continent.
19 July 2012
Visa, MasterCard to pay billions in card-fee suit Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.
14 July 2012
Economic crisis will not hit Kazakhstan until 2014: expert Expert of the Institute of Economic Research expressed his opinion on the effect of the global economic crisis on Kazakhstan.
14 July 2012
Euro under pressure as Moody's lowers Italy bond rating The euro was under fresh selling pressure to fall below $1.22 in Asia trade on Friday after ratings agency Moody's on Friday downgraded Italy's government bond rating.
13 July 2012
South Korea unexpectedly cuts key interest rate South Korea's central bank unexpectedly cut its key interest rate Thursday for the first time in more than three years, joining international moves to ease the impact of the eurozone debt crisis.
13 July 2012
Kazakhstan's H1 2012 GDP growth estimated at 5.6% Kazakhstan national GDP is expected to grow by 7% in 2012, Kazakhstan’s President Nursultan Nazarbayev had stated when speaking at the V Astana Economic Forum May 23.
12 July 2012
Kazakhstan among largest World Bank’s borrowers in 2011 fiscal year The World Bank provided emerging markets of Europe and Central Asia loans worth $10.47 billion in the fiscal year ending June 30.
12 July 2012
Merkel pushes EU, Southeast Asia free trade pact German Chancellor Angela Merkel on Wednesday said Europe must step up its efforts to establish a free trade pact with booming Southeast Asia.
12 July 2012
Astana "eats off" other Kazakhstan citizens Kazakhstan's budget expenses per one Astana citizen are 2-3 times higher than for any other Kazakhstan citizens.
11 July 2012
President Nazarbayev calls for stronger social security network for families Among possible measures there are kindergarden expenses compensation schemes and tax benefits.
10 July 2012
Eurozone offers Spains 30 bn euros for banks Eurozone finance ministers agreed Tuesday to offer Spain 30 billion euros this month to help its distressed banks as they raced to stay ahead of market scepticism.
10 July 2012
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