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Lakshmi Mittal asks Kazakhstan's employees to hunker down Lakshmi Mittal met with ArcelorMittal Temirtau plant top-managers and called them to reduce expenses and make goods more competitive.

27 December 2013

Mortgage loans are for rich people: Kazakhstan's central bank governor Kairat Kelimbetov, Governor of the National Bank of Kazakhstan, believes that only rich people should obtain mortgage loans.

25 December 2013

Crude prices down in quiet Asian trade Oil prices edged lower in quiet Christmas Eve trade in Asia Tuesday as dealers engaged in profit-taking, with a lack of leads to spur fresh market movement, analysts said.

25 December 2013

US charges three more people in Silk Road website case US authorities said Friday three more people were charged in connection with the operation of Silk Road, the online black market bazaar for drugs, hacker tools and other illicit goods.

22 December 2013

EU finance ministers reach banking union deal EU finance ministers Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks from wrecking the economy, official sources said.

19 December 2013

Kazakhstan's GDP grows 6% in 11 months Kazakhstan's GDP has grown 6% in real terms during the period from January to November 2013: Statistics Agency.

19 December 2013

China's graft crackdown hits watches, luxury market Luxury watch sales fell in the key Chinese market this year in the face of a crackdown on corruption and extravagance, a global consultancy said.

19 December 2013

Kazakhstan, Russia and Ukraine to storm global grain market together Kazakhstan, Russia and Ukraine are intending to coordinate their actions at the global grain market: Vladimir Putin.

18 December 2013

Toyota spare parts traders refuse to import goods from Russia Almaty Toyota spare part traders say that the scheme proposed by official Toyota brand representative in Kazakhstan is cost-inefficient .

16 December 2013

Ford to open plants in China, Brazil; add 5,000 US jobs US automaker Ford said Thursday it will open two new plants in China and a third in Brazil next year while adding more than 5,000 jobs in the United States.

13 December 2013

Hit like ton of BRICS: 2013 tough year for emerging markets Only recently hailed as the saviours of the world economy, emerging markets had a tough year in 2013, hit by slow growth, market instability and social unrest that have worried investors -- though some analysts say the fear is overblown.

12 December 2013

Almaty's flea market on fire again The largest flea market of Almaty city has been burning again.

12 December 2013

Apple wins court battle against Samsung South Korea's Samsung on Thursday lost its latest claim in a long-running global copyright battle against bitter rival Apple, a surprise blow to the electronics giant in its home market.

12 December 2013

Chinese investors look to mine Bitcoin volatility Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

11 December 2013

Israel, Jordan, Palestinians to sign Red Sea-Dead Sea deal Representatives of Israel, Jordan and the Palestinians will on Monday sign a "historic" agreement to link the Red Sea with the shrinking Dead Sea, an Israeli minister said.

09 December 2013

US jobless rate drops to five-year low The US jobless rate fell sharply to 7.0 percent in November, a five-year low, raising the odds Friday that the Federal Reserve could soon cut its huge stimulus program.

07 December 2013

WTO pact in doubt after Latin America objections Negotiations on a global trade deal teetered on the brink of collapse Saturday as Latin American countries objected to the removal of a reference to the US embargo on Cuba, the WTO said.

07 December 2013

Make-or-break WTO meeting goes down to the wire Commerce ministers engaged in an eleventh-hour flurry of diplomacy on Friday, hoping to save a WTO package amid stark warnings that failure could permanently cripple the global trade body.

06 December 2013

Ford's Mustang muscle car gets 50th birthday makeover The Mustang, the iconic American muscle car, got a makeover for its 50th anniversary Thursday, with Ford aiming to repeat is huge US success in global markets such as China.

06 December 2013

China may mean gold for Apple It could be a huge breakthrough for Apple to win a place in the line-up of China's largest telecom provider and a big shakeup for the smartphone market.

06 December 2013

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