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Turar Kazangapov © KazMunaiGas executives on necessity of retail fuel price hikes Kazakhstan-based oil refineries produce a combined 1.9 million tons of AI—92 gasoline a year, with the domestic demand standing at 2.8 million tons.
21 August 2014
Photo courtesy of beerbook.ru Beer shortage and heatwave spells misery for Cubans Cuba has been hit by a beer shortage during one of its hottest summers on record, sparking hoarding and driving thirsty .
16 August 2014
©Reuters/Daniel Munoz Brazil magnate Batista sells Lamborghini that adorned home Brazilian millionaire Eike Batista has sold the prized Lamborghini that once adorned his living room.
09 August 2014
Long queues for dollars ©Turar Kazangapov Astana residents stocking up on dollars 'just in case' Astana residents have been forming queues near currency exchange officer on Thursday.
01 August 2014
No petrol shortages expected in Kazakhstan: Oil Minister According to him, now the issue of petrol prices for the second half of the year is on the agenda.
19 June 2014
©Turar Kazangapov Kazakhstan to develop its tourism industry Despite Kazakhstan’s huge tourism potential, Kazakhstani tourism is not being developed properly.
18 June 2014
Photo courtesy of kofr.info Ministry of Transport explains high costs of domestic flights in Kazakhstan The Ministry of Transport and Communications of Kazakhstan has responded to complaints about costliness of domestic flights air tickets.
07 June 2014
©Reuters/Rupak De Chowdhuri Iran oil exports rise to 1.2 mn barrels per day Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
18 April 2014
©Reuters Pair of Japanese mangoes fetch $3,000 at auction A pair of mangoes grown in southern Japan sold Thursday for a whopping 300,000 yen ($3,000), a record price for the fruit's first auction of the season, Kyodo News reported.
11 April 2014
Ming-era 'chicken cup' breaks record for Chinese porcelain A rare Ming-era wine cup broke the world auction record for any Chinese porcelain on Tuesday, selling in Hong Kong for $36.05 million to Shanghai tycoon Liu Yiqian, Sotheby's auction house said.
08 April 2014
Japan shoppers see first sales tax rise in 17 years Prices rose across Japan Tuesday as a controversial sales tax rise came into effect, with everything from beer to washing machines costing more, sparking fears a drop in consumer spending will derail a nascent economic recovery.
01 April 2014
Photo courtesy of 24daily.net Gazprom ups pressure on Ukraine with gas price rise Russian energy giant Gazprom on Tuesday announced it was raising the price of gas exports to Ukraine by more than a third, scrapping a previous discount amid mounting strains between the two countries.
01 April 2014
©Turar Kazangapov Fuel prices to remain unchanged in Kazakhstan until mid year: Oil Minister According to him, even if they have to work incurring certain losses, the KMG National Oil Company will be maintaining the prices at the declared level regardless of the marketing economy rules.
28 March 2014
Photo courtesy of kmg.kz KazTransOil to increase oil pumping tariffs KazTransOil will increase oil pumping tariffs on exported oil starting from April.
27 March 2014
A private beach of the Portobello Resort, where the Italy soccer team will be based during the 2014 World Cup. ©Reuters/Ricardo Moraes Huge price hikes for Brazil World Cup hotels Football fans heading to Rio for the World Cup will have to pay at least double the going rate for hotel accommodation despite government attempts to limit price-gouging during the tournament.
14 March 2014
©Reuters/Rick Wilking Japan's Sprint owner eyes US telecom price war The Japanese owner of US mobile carrier Sprint said he wanted to launch a "price war" with the two major carriers as he seeks to acquire T-Mobile's US unit.
12 March 2014
©Reuters Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.
13 February 2014
©Reuters/Carlos Garcia Oil prices up on winter demand, Yellen testimony Oil prices rose in Asian trading hours Wednesday due to strong winter demand and expectations that new Federal Reserve head Janet Yellen will not shake up US monetary policy.
12 February 2014
Bely Veter store closed. ©Marat Abilov 20% hike: Big stores in Kazakhstan change prices amid tenge devaluation Big stores in Kazakhstan are increasing their prices amid the devaluation of tenge.
11 February 2014
©Reuters/Carlos Garcia Rawlins Oil prices mixed ahead of Fed policy meeting Oil prices were mixed in Asian trade Monday as dealers focused on the US Federal Reserve's policy meeting this week in anticipation of further stimulus pullback.
27 January 2014
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