News about economy

Oil prices and currency rates approach alarming levels for Kazakhstan Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.

15 October 2014

More than 82 million in poverty in China: official More than 82 million people in China still live on less than about $1 a day, despite a decades-long boom that made it the world's second-largest economy.

15 October 2014

Luxury groups Burberry, Mulberry shaken by outlooks British luxury handbag maker Burberry warned over its outlook, as smaller rival Mulberry issued a profit warning against a background of global growth strains

14 October 2014

France's Jean Tirole, a leading economist 'of our time' French economist Jean Tirole is a master of game theory and industrial organisation, who added a Nobel prize to a gleaming heap of honours for his work.

14 October 2014

Russia's ruble hits new record low as oil price adds pressure Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.

14 October 2014

New Swedish government blames predecessor for 'poor' finances Sweden's new Social Democrat-led government lowered the growth forecast, blaming sweeping tax breaks by the outgoing conservative coalition for a "large hole".

14 October 2014

Olympics is a celebration of sport, not vanity fair: Kazakh expert Kazakhstani expert Nurlan Nurov talks about the possibility of Kazakhstan hosting the Olympics 2022 and the financial aspect of the endeavour.

13 October 2014

Ebola claims another victim -- African economies The Ebola virus is claiming a new victim: the economies of what are already some of the world's poorest countries,

13 October 2014

Armenia joins Eurasian Economic Union Armenia has joined the Eurasian Economic Union Treaty. The agreement was signed in Minsk, Belarus at the meeting of the Supreme Eurasian Economic Council.

12 October 2014

EurAsEC termination agreement signed in Minsk An agreement on termination of the Eurasian Economic Union (EurAsEC) has been signed by the interstate council in Minsk on October 10.

12 October 2014

Nobel economics winners: Usually American, usually pro-austerity The winner of the Nobel economics prize is notoriously hard to predict, but it's usually an American male opposed to big government and big spending.

11 October 2014

Venezuela wants extra OPEC meeting to halt oil-price drop Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said.

11 October 2014

Brazil beef exports soar on Chinese, Russian demand Brazil beef exports jumped seven percent this year so far, in part due to rising Russian demand as Moscow turned away from US and European sources.

11 October 2014

G20 optimistic on global economy Finance chiefs of the Group of 20 economic powers said they remained confident about the global economy, despite renewed weakness in areas like the eurozone.

11 October 2014

IMF: Ukraine needs more financial support The IMF said that embattled Ukraine will need more financing in addition to what the Fund and European partners have offered in the face of "major uncertainty."

11 October 2014

Eurasian Economic Union to resolve Kazakhstan's fuel problems The Eurasian Economic Union, according to the former head of the KazMunaiGas Lyazzat Kiinov, will have a positive effect on the situation with petrol in Kazakhstan.

10 October 2014

IMF warns of eurozone recession, presses Germany The IMF stepped up its warnings over a possible eurozone recession, pressing governments like Germany to spend more for reverse a stall.

10 October 2014

IMF chief promises 'belly-dance' if US endorses reforms Frustrated with the US Congress's refusal to vote through crucial reforms at the International Monetary Fund, IMF chief Christine Lagarde promised a show if they do.

10 October 2014

IMF: World economy menaced by too much financial risk The world economy needs more productive investment and less in speculative assets, which in many cases are now overvalued and pose big stability risks.

09 October 2014

11 new ambassadors start working in Kazakhstan Kazakhstan’s Secretary of State Adilbek Dzhaksybekov has received letters of credence from ambassadors of 11 countries.

08 October 2014

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