site.news_by_theme economy

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
IMF says Madagascar economy on the mend Madagascar's economy is showing signs of recovery, although spending in key sectors like health and education remain under pressure.
12 November 2014
Kazakhstan President's unexpected State of the Nation Address Presidet of Kazakhstan Nursultan Nazarbayev has unexpectedly presented his State of the Nation Address for the year 2015. Global economic and geopolitical challenges as well as internal interethnic unity are the key elements of the address. New Economic Policy 'Nurly Zhol' was announced to help the country overcome difficulties in the next five years.
11 November 2014
Kuwait sees no output cut at OPEC meeting OPEC is not likely to cut crude output when it meets later this month amid hopes that the market will absorb surplus supplies, the Kuwaiti oil minister said.
11 November 2014
G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies.
11 November 2014
McDonald's recalls Hello Kitty whistles in North America McDonald's recalled nearly a million red whistles included with a Hello Kitty-themed toy offered in children's meal choices in the United States and Canada.
11 November 2014
Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.
11 November 2014
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