News about economy

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

G20 global infrastructure hub set for Australia A global infrastructure hub proposed by G20 nations to help strengthen economic growth will be based in Sydney and funded by Australia.

10 November 2014

Hungary protestors demand removal of 'corrupt' tax chief Several thousand Hungarians marched though Budapest to demand the resignation of the head of the country's tax office.

10 November 2014

Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.

09 November 2014

World-renowned economist Nouriel Roubini predicts bright future to Kazakhstan World-renowned economist Nouriel Roubini has predicted a bright future to Kazakhstan.

08 November 2014

New Bulgaria PM promises stability in EU's poorest country Bulgaria's new Prime Minister Boyko Borisov said he hoped to restore stability to the EU's poorest country.

08 November 2014

Russian central bank ready to step in to stop ruble panic Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.

08 November 2014

Nazarbayev addresses Council of Leaders of CIS Security and Special Services President Nursultan Nazarbayev has met with the participants of the 37th meeting of the Council of Leaders of CIS Security and Special Services.

07 November 2014

Joblessness, inequality top global concerns in 2015: report Unemployment and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said.

07 November 2014

With big investments, tech giants battle to stay ahead America's technology giants are drawing on their huge cash stockpiles to make big bets on investments and acquisitions that could prove to be visionary.

07 November 2014

Toyota says on track for record full-year profit Toyota said it was on track to book a record $17.5 billion full-year net profit, as the company also lifted its revenue estimate.

05 November 2014

LG, Google strike patent-sharing deal LG Electronics said it had signed a long-term cross-licence deal with Google as the South Korean firm tries to expand its smartphone business.

05 November 2014

L'Oreal manages sales growth despite Western European slowdown French cosmetics group L'Oreal said it managed to record a 2.0 percent gain in third quarter sales despite a soft performance in Western Europe.

04 November 2014

Euro crisis firms German power, 25 years after Berlin Wall Twenty-five years after the Wall fell, analysts have little doubt that Europe's power now lies in Berlin, with the damaging eurozone crisis only heightening that perception.

03 November 2014

Ukraine wants to buy gas from Kazakhstan Ukrain is ready to buy gas from Kazakhstan without Russia as an intermediary.

01 November 2014

Minister of National Economy says $2.3bln budget deficit awaits Kazakhstan The Minister of National Economy of Kazakhstan Yerbolat Dosayev spoke about the changes to the national budget due to reduced economic growth and negative external factors.

31 October 2014

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