News about economy

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

World Bank warns of more turbulence from Fed tightening The World Bank warned that monetary policy tightening by the Federal Reserve could spur a "perfect storm" of threats to growth and financial stability in developing economies.

16 September 2015

IMF chief urges Africa to spend responsibly IMF chief Christine Lagarde urged African governments to spend responsibly as she visited Liberia, a week after it was declared free from an Ebola epidemic which has shattered its economy.

12 September 2015

Ukraine PM calls second Russia-Germany pipeline 'anti-European' Ukrainian Prime Minister Arseniy Yatsenyuk criticised as "anti-Ukrainian and anti-European" a deal between Russia's energy giant Gazprom and several Western firms to build a second gas pipeline under the Baltic Sea.

11 September 2015

Tesco sells South Korean unit for more than £4 bn Troubled British retail giant Tesco agreed Monday to sell South Korean unit Homeplus to a consortium led by private equity firm MBK Partners for more than £4.0 billion.

07 September 2015

IMF chief says 'extremely encouraged' by Ukraine reforms IMF chief Christine Lagarde heaped praise on Ukraine's reform efforts in a visit to Kiev following a deal to restructure the country's debt burden.

07 September 2015

Google may return to China with Android app shop: report Google is talking with Chinese authorities and smartphone makers about opening an online shop in China stocked with applications for Android-powered mobile devices.

05 September 2015

China is a great nation: Nursultan Nazarbayev President Nursultan Nazarbayev has named China "the great nation" complementing Kazakhstan's work in the region.

04 September 2015

Rousseff says Brazil will try to get out of first budget deficit After presenting Brazil's first ever budget deficit, President Dilma Rousseff promised that her government will work hard to get back in the black.

03 September 2015

Nazarbayev discusses cooperation with President of Serbia Tomislav Nikolic President of Serbia Tomislav Nikolic visited Astana and met Kazakhstan president Nazarbayev.

02 September 2015

Russia's Aeroflot set to buy competitor Transaero Russia's state-controlled flagship airline Aeroflot is set to buy its struggling competitor Transaero.

02 September 2015

Asia doing "pretty well" despite China slowdown: IMF chief International Monetary Fund chief Christine Lagarde declared Asian economies were doing "pretty well" despite the volatility caused by China's slowdown.

02 September 2015

Tesla car gets best-ever rating from Consumer Reports A new Tesla electric car has earned the best-ever vehicle rating from Consumer Reports, sending shares of the automaker racing higher.

28 August 2015

France's economy minister stumbles on 35-hour-week, again France's divisive economy minister has once again made waves among Socialists by criticising the country's sacrosanct 35-hour week just as the ruling party gathers for its annual conference.

28 August 2015

Europe has 'means to resist' impact of China crisis: EU economics commissioner EU Economic Affairs Commissioner Pierre Moscovici said that Europe had the "means to resist" the impact of China's slowing economy.

28 August 2015

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