News about economy

EU chief refuses to talk to Greece's Tsipras European Commission President Jean-Claude Juncker refused a request from Prime Minister Alexis Tsipras to talk on the phone.

07 June 2015

OPEC expected to keep status quo on oil output OPEC ministers gather for an eagerly awaited meeting which is widely expected to leave its output levels unchanged, despite the recent oil price collapse and global oversupply.

05 June 2015

IMF confirms delay in Greek debt payments to end of June The IMF confirmed that Greece will be bundling four debt repayments due in June at the end of the month, averting the possibility of a Greek default.

05 June 2015

EU's Juncker says 'challenging' Greece talks to continue European Commission head Jean-Claude Juncker said that "challenging" negotiations with Greece would continue, after late-night talks with premier Alexis Tsipras broke up without a deal.

04 June 2015

IKEA to make home deliveries in all countries with stores Swedish furniture giant IKEA announced that it would expand its online sales service to include home deliveries in all countries where it has stores.

04 June 2015

Greece still rejects some of creditors' proposals: Tsipras Greece still rejects some of the reform plans put forward by its EU-IMF creditors but sees a willingness to reach a deal in coming days.

04 June 2015

Venezuela seeks allies outside OPEC to steady oil prices Latin American crude producer Venezuela, struggling to cope with sharply lower oil prices, is seeking support outside OPEC to stabilise the market.

03 June 2015

Microsoft to buy German start-up behind Wunderlist app: report Microsoft has agreed to acquire 6Wunderkinder GmbH, a Berlin-based startup behind the Wunderlist to-do list app, for between $100-200 million.

02 June 2015

Greece's Tsipras attacks creditors over 'absurd' reforms Greece's Prime Minister Alexis Tsipras on Monday attacked the country's creditors for insisting on what he described as "absurd" reforms.

02 June 2015

Saudi oil minister says OPEC strategy working OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said.

02 June 2015

Greece's Tsipras attacks creditors over 'absurd' reforms Greece's Prime Minister Alexis Tsipras on Sunday attacked its creditors for insisting on what he described as absurd reforms.

01 June 2015

Economic slowdown expected in Central Asia in 2015: IMF The newly published IMF report on economic prospects of the Caucasus and Central Asia is not very optimistic.

29 May 2015

Renowned economist Nouriel Roubini speaks about Samruk Kazyna's transformation program A world-renowned economist Nouriel Roubini has spoken about the transformation program of Kazakhstan’s Samruk Kazyna National Wealth Fund during the VIII Astana Economic Forum.

29 May 2015

Japan-EU summit to discuss stalled free trade deal Japan and the European Union will hold summit talks later, with a long-stalled Free Trade Agreement expected to be on the agenda.

29 May 2015

We learn to live without oil: Kazakhstan's Minister of Finance Kazakhstan’s Minister of Finance Bakhyt Sultanov answered questions of foreign guests at the VII Astana Economic Forum concerning the measures Kazakhstan had been undertaking amidst unstable oil prices.

29 May 2015

Lithuanian PM meets with Nursultan Nazarbayev and Karim Massimov Kazakhstan's President Nazarbayev and the Kazakh PM Karim Massimov have held a meeting with the PM of Lithuania Algirdas Butkevičius, who came to Kazakhstan fro the VIII Astana Economic Forum.

29 May 2015

100 steps to reform: Kazakhstan develops comprehensive plan A comprehensive plan to implement Nazarbayev's five reforms has been released in Kazakhstan.

29 May 2015

Spectre of 'Grexit' stalks G7 finance meeting he possibility of Greece quitting the eurozone cast a long shadow over a meeting of finance ministers from the Group of Seven leading industrialised nations.

29 May 2015

G7 finance ministers, central bankers meet in Dresden Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden to discuss the global economy and tax evasion.

28 May 2015

FIFA scandal: McDonald's, other World Cup sponsors concerned Key World Cup sponsors including McDonald's, Adidas and Budweiser expressed strong concerns after global football body FIFA was enveloped by a new corruption scandal.

28 May 2015

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