News about economy

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

Russia to lose some $40 bn a year due to sanctions: minister Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said.

24 November 2014

Oil prices mixed ahead of key OPEC meeting Oil prices were mixed in Asia ahead of a crucial meeting of the OPEC cartel later in the week that will discuss whether to trim output, analysts said.

24 November 2014

'Call of Duty' blasts past $10 bn in sales Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales.

21 November 2014

Kazakhstan expects boost in Chinese investments Minister of National Economy of Kazakhstan said he expected the new stimuli package adopted in Kazakhstan to boost the inflow of investment from China.

21 November 2014

Russia vs West confrontation makes Kazakhstan take preventive measures: Nazarbayev President Nursultan Nazarbayev spoke about the measures Kazakhstan is taking to counter the geopolitical risks and the worsening situation in the global market.

21 November 2014

Kazakhstan calls to update EU strategy for Central Asia A bilateral meeting was held in Brussels between Kazakhstan and the EU, during which the Kazakh side called for updating the EU strategy for Central Asia.

20 November 2014

Samsung scraps unit merger on shareholder opposition South Korea's Samsung scrapped a merger between two major units, citing the spiralling cost of buying back stock from shareholders opposed to the deal.

19 November 2014

IMF, World Bank policies may share blame in Ebola crisis Christine Lagarde, the Managing Director of the International Monetary Fund, had just called for an increase in the country's budget deficit so that it could battle Ebola.

19 November 2014

Oil reserves in Kazakhstan's south to be exhausted in 10-15 years Crude oil in Kumkol, one of the major oil fields of Kyzylorda Oblast in Kazakhstan’s south, will be exhausted in the next 10-15 years.

17 November 2014

Money from National Fund to help out Kazakh economy Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.

17 November 2014

China to double Iran energy investment: official China will double its investment in Iran's energy projects, ahead of a deadline for a deal with world powers over Tehran's nuclear programme.

17 November 2014

Obama says US cannot carry 'world economy on our back' President Barack Obama said the United States cannot "carry the world economy on our back" and urged G20 leaders to work harder to create jobs by revving up growth.

15 November 2014

Kazakhstan should join BRICs? - The Banker The Banker's chief editor Brian Caplen says it makes sense for BRICs to invite Kazakhstan to join the alliance.

14 November 2014

IMF: low oil prices to boost growth The fall in oil prices to their lowest levels in more than three years should give a boost to the sagging world economy, the International Monetary Fund said.

13 November 2014

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