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Pressure mounts on fiscal cliff, Obama urges fix US President Barack Obama on Wednesday called for a pre-Christmas deal with Republicans to avert a year-end tax and deficit crunch, as pressure mounted from the business world and stock markets fluttered.

30 November 2012

Sony mulls battery business sale: report Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, a report said Thursday, as the Japanese firm tries to repair its dented balance sheet.

30 November 2012

KazakhTelecom increases profits 5.4-fold Net profit of KazakhTelecom made 216 billion tenge in January-September 2012, which is 5.4 times more than in the same period of 2011.

28 November 2012

200 Kazakhstan companies checked for implication in financing terrorism The commission provided Kazakhstan's law-enforcement authorities with over 190 materials on organizations and persons allegedly involved in laundering of criminal money and financing terrorism: Iogan Merkel.

27 November 2012

New eurozone talks to save Greece from financial collapse Eurozone finance ministers meet in Brussels Monday for the third time in two weeks for talks on unlocking the next slice of aid to debt-crippled Greece, which is in danger of running out of money.

26 November 2012

Euro weakens as eurozone fails to agree Greek deal The euro fell in Asian trade on Wednesday and shares eased after eurozone finance chiefs said they had failed to agree on a deal to unlock the latest batch of crucial bailout cash for Greece.

22 November 2012

KMG EP increased profit by 5% in January-September Net profit of KazMunaiGas Exploration-Production in January-September 2012 went 5% up compared to the same period last year and made $1.2 billion.http://en.tengrinews.kz/admin/news/edit/14653/

22 November 2012

KMG is selling out its assets and facilities KazMunaiGas National Company will sell around 20 non-core assets and 349 non-core facilities within several years.

21 November 2012

Moody's cuts top French rating, terms outlook negative France came under fresh economic pressure as the international ratings agency Moody's cut the French government bond rating by one notch from the highest level to "Aa1".

21 November 2012

BoJ holds off fresh easing despite calls for action The Bank of Japan held off launching fresh easing measures on Tuesday, despite growing calls for further stimulus to spur the economy and as it warned of a "high degree of uncertainty".

20 November 2012

Moody's warns on Italy's banks Rating agency Moody's warned Monday that Italy's banks face worsening conditions over the coming year with asset quality declining, low profitability, and poor access to markets for funds.

20 November 2012

Religious institutions have to report for foreign money: Lama Sharif Financial activities of religious unions are government by the Law щn non-commercial organizations acting in Kazakhstan since January 16, 2001.

16 November 2012

Japan gives $700 million to 5 Central Asian countries Japanese Foreign Minister has declared the country's intention to spend $700 million in Central Asia.

13 November 2012

Islamic Bank allocated $25 million to Kazakhstan farmers The Fund for Financial Support to Agriculture has started a series of seminars on Islamic financing for personnel of branches and representative offices in 11 regions of Kazakhstan.

13 November 2012

S. Korea to triple budget in Japan island dispute A South Korean parliamentary committee has agreed to nearly triple a special budget for promoting Seoul's sovereignty over an isolated set of islands also claimed by Japan.

12 November 2012

Greece eyes fresh bailout funds after budget passed The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.

12 November 2012

Apple still perched high, but seems vulnerable Apple, the world's biggest and perhaps most admired company, seems to have lost some of its luster.

11 November 2012

US not ready for Basel III bank rules: Treasury The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards.

10 November 2012

Britain to end aid to India in 2015 Britain's government said on Friday it will stop all aid to India in 2015 and slash its remaining handouts, bowing to domestic pressure over its foreign development budget at a time of austerity.

10 November 2012

Poland urges no veto on tricky 2014-2020 EU budget Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.

10 November 2012

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