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.
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 .
Brazil magnate Batista sells Lamborghini that adorned home
Brazilian millionaire Eike Batista has sold the prized Lamborghini that once adorned his living room.
Astana residents stocking up on dollars 'just in case'
Astana residents have been forming queues near currency exchange officer on Thursday.
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.
Kazakhstan to develop its tourism industry
Despite Kazakhstan’s huge tourism potential, Kazakhstani tourism is not being developed properly.
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.
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.
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.
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.
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.
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.
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.
KazTransOil to increase oil pumping tariffs
KazTransOil will increase oil pumping tariffs on exported oil starting from April.
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.
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.
Devaluation may drive airline tickets up in Kazakhstan
Airlines are adjusting their ticket prices to the new exchange rate of the tenge.
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.
20% hike: Big stores in Kazakhstan change prices amid tenge devaluation
Big stores in Kazakhstan are increasing their prices amid the devaluation of tenge.
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.