site.news_by_theme economy
Current tenge exchange rate is adequate: Kazakhstan central bank Governor
Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.
08 October 2015
Erdogan warns Russia over Turkey nuclear, gas deals
Turkish President Recep Tayyip Erdogan warned Russia that Ankara has alternatives to Moscow for building its first nuclear power plant and importing gas, as tensions rise over the Russian bombing campaign in Syria.
08 October 2015
Greece's new Syriza-led govt survives no-confidence vote
The government of Greek Prime Minister Alexis Tsipras survived a no-confidence vote, bolstering the left-wing leader as he gets down to implementing reforms demanded by creditors.
08 October 2015
Crisis-hit Russia toiling to keep factory towns alive
The hulking Soviet-era mineral refinery in Pikalyovo, one of Russia's hundreds of factory towns hit by a crippling economic crisis, has been a blessing, and at times a curse, for a place dependent on a single industry.
07 October 2015
Modi promises German companies easy ride as Merkel visits
Prime Minister Narendra Modi urged German companies to do business in India and promised tax and other economic reforms, on the final day of Chancellor Angela Merkel's visit.
06 October 2015
EU warns Spain on budget as election nears
The European Commission warned Spain to scale back government overspending that is in violation of EU budget rules or risk an embarrassing reprimand ahead of December elections.
06 October 2015
Canada PM Harper welcomes TPP access to Japan market
Canadian Prime Minister Stephen Harper praised a "historic" accord creating the world's largest free trade area, saying access to Japan would be a boon for Canadian farmers and resource sectors.
06 October 2015
Kazakhstan National Bank raises base interest rate to 16%
The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.
05 October 2015
Angela Merkel on German business mission to India
Angela Merkel began a mission to clear the path for German companies keen to do business in India, as Prime Minister Narendra Modi looks to the European powerhouse to help revive its economy.
05 October 2015
Britain's Osborne announces shake-up of infrastructure
British finance minister George Osborne is to announce a new cross-party body to reform and speed up planning of major infrastructure projects such as rail links and power stations.
05 October 2015
Brazil president reshuffles cabinet to avert disaster
Brazilian President Dilma Rousseff ordered a government reshuffle, axing eight ministries in what was announced as a cost-cutting measure but seemed aimed at ending political paralysis.
03 October 2015
Bankruptcy 'only option' for Russia's Transaero airline: minister
Bankruptcy is the only solution for Russia's second largest airline Transaero after state-controlled Aeroflot backed out of purchasing the debt-laden carrier.
02 October 2015
VW revs up recall plan, hunts for culprits in pollution scam
German auto giant Volkswagen shifted up a gear in its plans to recall millions of cars fitted with pollution-cheating software as it boosted efforts to find the masterminds behind the scam.
01 October 2015
'Who likes to pay tax? You don't, I don't': IMF chief
The head of the International Monetary Fund, Christine Lagarde, does not enjoy paying taxes and made that clear at a conference in Washington.
01 October 2015
ADB predicts Kazakhstan's GPD to slow down to 1.5 percent in 2015
ADB lowered its forecast for Kazakhstan's economic growth expecting a decrease in private consumption in response to higher import prices and diminished private investment.
30 September 2015
Yahoo to spin off Alibaba stake despite tax question
Yahoo notified US regulators that it is proceeding with plans to spin off its multi-billion-dollar stake in Alibaba despite the unanswered question of what the tax bill could be.
29 September 2015
Impact of China slowdown bigger than expected: IMF chief
The impact of China's economic slowdown on the global economy is bigger than previously thought, the head of the International Monetary Fund said.
23 September 2015
Standard & Poor's affirms Kazakhstan's credit rating at BBB
Kazakhstan's credit rating remains at BBB with a negative outlook, according to S&P's latest report.
21 September 2015
Moody's downgrades France rating citing slow growth
Moody's cut France's sovereign debt rating one notch to Aa2, saying the country will struggle with slow growth and a high debt burden for the next five years.
19 September 2015
Brazil president's own supporters revolt against her austerity plans
When Brazil's leftist President Dilma Rousseff loses the support of someone like longtime backer Edson Silva, perhaps she had better start worrying.
17 September 2015