site.news_by_theme economy
OPEC will not step in to support oil prices: Kuwait
OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said, as Brent crude breached the $60 mark.
17 December 2014
Russia grapples with shock ruble fall
The Russian currency crashed to unprecedented lows trading at 80 rubles to the dollar and 100 to the euro.
17 December 2014
Study says countries lost $1 trillion to corruption in 2012
A global anti-corruption group said that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption.
16 December 2014
Ikea ruffles a few feathers with first Korean store
Global furniture giant Ikea opens its first store in South Korea, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.
16 December 2014
IMF sees Argentina progress toward better economic data
The International Monetary Fund said that Argentina was making progress in improving the data but more was needed.
16 December 2014
Russian arms sales soar on domestic spending
Sales by Russian arms manufacturers continue to expand thanks to Moscow's investments despite a downturn in global defence spending.
15 December 2014
Road to Eurasian Economic Union bumpier than it seems
With Belarus restoring customs posts weeks before the Eurasian Economic Union comes into force, what are the parties' roles in the new integration project?
15 December 2014
IMF calls on donors to 'step up' for Ukraine
The International Monetary Fund called for the international community to come forward with fresh funds for Ukraine.
12 December 2014
Sanctions-hit Putin visits India to boost energy, trade ties
Russia's President will hold talks with India's new prime minister as his sanctions-hit country seeks to strengthen energy, defence and strategic ties in Asia.
11 December 2014
Russia charms Uzbekistan with massive debt writeoff
Russia's President agreed to write off most of the debt owed by Uzbekistan in an apparent bid to steer the Central Asian country towards joining the Eurasian Economic Union.
11 December 2014
Diamond deals to add sparkle to India-Russian ties
India's gemstone industry will hope to add some sparkle to ties between New Delhi and Moscow this week.
10 December 2014
Raul Castro blasts 'unfair' globalized world
Cuban President urged a Caribbean summit to embrace deeper economic and political integration, and pressed for action against an "unfair" globalized world.
09 December 2014
EU and EEU should work together: Nazarbayev
President of Kazakhstan Nursultan Nazarbayev has spoken about cooperation between the European Union and the Eurasian Economic Union at the Kazakh-French business forum in Astana.
08 December 2014
Kazakh-French business forum in Astana
Kazakhstan hosted a business forum with French collegues to discuss trade cooperation.
06 December 2014
Turkey wants share of Mediterranean energy wealth: PM
Turkish Prime Minister said his country wanted a share of the energy deposits off the shores of Cyprus, an issue that has strained ties with both Nicosia and Athens.
06 December 2014
Nazarbayev, Rouhani and Berdimuhamedow open 'new Silk Road'
The President of Kazakhstan Nursultan Nazarbayev, the President of Turkmenistan Gurbanguly Berdimuhamedow and the Iranian President Hassan Rouhani have participated in the opening ceremony of the Uzen-Beket-Goran railroad.
05 December 2014
Russia-Kazakhstan trade affected by Russian economic slowdown
Experts say stagnation in the Russian economy has had its effect on the Kazakh-Russian trade turnover.
29 November 2014
Venezuela to slash budget after OPEC steadies output
Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.
29 November 2014
HSBC unit fined $12.5 mn for unregistered US services
A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services.
26 November 2014
Ministry of National Economy observes high outflow of qualified work force from Kazakhstan
Vice Minister of National Economy Madina Abylkassymova reported an increase of qualified work force outflow from Kazakhstan at the Migration Process Tendencies and Social Aspects roundtable meeting.
25 November 2014