Economy ≡ Today’s latest news in category Economy

Google announces support for small businesses and crisis response

SAN FRANCISCO. KAZINFORM Google pledged more than 800 million U.S. dollars of support on Friday to help combat the coronavirus outbreak around the world.

Economy > Economy

29.03.2020 12:44

Global economy has entered recession amid coronavirus pandemic: IMF

WASHINGTON. KAZINFORM The International Monetary Fund said Friday that the global economy has fallen into a recession, with economic and social activities increasingly curtailed in many countries in an effort to contain the spread of the coronavirus pandemic.

Economy > Economy

28.03.2020 11:40

Global oil demand could drop by 20% due to virus: IEA

ANKARA. KAZINFORM The global oil demand which is 100 million barrels per day (bpd) could fall by 20 million bpd as 3 billion people in the world are under lockdown due to coronavirus pandemic, said the executive director of International Energy Agency on late Thursday.

Economy > Oil and Gas

28.03.2020 11:09

U.S. jobless claims surge to record 3.3 mln last week amid COVID-19 fallout

WASHINGTON. KAZINFORM The number of initial jobless claims in the United States surged by 3 million to reach 3.3 million last week as COVID-19 devastates the economy, the U.S. Bureau of Labor Statistics reported on Thursday.

World News > World News

27.03.2020 14:25

'World economy to contract in 2020 due to coronavirus'

ISTANBUL. KAZINFORM The world economy is expected to contract by 0.5% in 2020 due to the negative impact of coronavirus, Moody's, the U.S. based credit rating agency announced late Wednesday.

Economy > Economy

26.03.2020 17:08

Timur Kulibayev, Kairat Boranbayev to donate 1bn tenge for fight with coronavirus consequences

NUR-SULTAN. KAZINFORM Chairman of the Presidium of the Atameken National Chamber of Entrepreneurs of Kazakhstan Timur Kulibayev and businessman Kairat Boranbayev decided to donate KZT 1 billion to fight the consequences of the coronavirus pandemic, the press service of Atameken Union informed.

News

20.03.2020 16:19

Funds worth $6 trillion mobilized worldwide to soften COVID-19 impact

MADRID. KAZINFORM Financial institutions, central banks, and governments across the world have launched a slew of measures and allocated over $6 trillion in funds to mitigate the economic impact of the new coronavirus pandemic.

World News > World News

20.03.2020 16:12

President instructs to provide soft loans to SMEs affected by pandemic

NUR-SULTAN. KAZINFORM - President of Kazakhstan Kassym-Jomart Tokayev has instructed to provide soft loans for operating assets of SMEs in the amount of KZT600 billion, Kazinform reported.

Top Story

20.03.2020 07:43

National Bank chairman reports to Kazakh President

NUR-SULTAN. KAZINFORM President of Kazakhstan Kassym-Jomart Tokayev received the National Bank chairman, Yerbolat Dosayev, the Akorda press service reports.

для ANSA

19.03.2020 20:36

Seoul stocks, won at more than 10-year lows amid extended market rout

SEOUL. KAZINFORM South Korean stocks extended their freefall to a seventh consecutive session to hit their lowest level in 11 years on Thursday as panic selling sparked by the spreading outbreak of the new coronavirus continued. The Korean won also sharply dropped against the U.S. dollar to its lowest since 2009.

World News > World News

19.03.2020 20:12

COVID-19 could claim 25 million jobs worldwide: ILO

GENEVA. KAZINFORM The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by around 25 million, according to a new assessment by the International Labour Organisation, ILO.

World News > World News

19.03.2020 19:19

ECB sets up $820B bond-buying program amid coronavirus

ANKARA. KAZINFORM The European Central Bank (ECB) has launched an emergency €750 billion ($820 billion) package to stem the negative impact of the coronavirus pandemic.

World News > World News

19.03.2020 18:12

Seoul stocks extend loss to decade low as virus panic spreads

SEOUL. KAZINFORM South Korean stocks extended their losing streak to a sixth consecutive session on Wednesday, hitting their lowest point in a decade, as a panicky selling spree eclipsed stimulus packages released around the globe. The Korean won again fell against the U.S. dollar.

World News > World News

18.03.2020 19:15

Dow falls below 20,000 for 1st time in 3 years

TOKYO. KAZINFORM U.S. stocks fell in early trading on Tuesday, briefly sending the Dow index below 20,000 for the first time in three years amid fears about the coronavirus pandemic.

World News > World News

17.03.2020 21:00

Kazakhstan bans accrual of remuneration in case of arrears

NUR-SULTAN. KAZINFORM - Kazakhstan will introduce a ban on accrual of remuneration for more than 90 days delayed payments in regard with consumer loans of individuals, Kazinform correspondent reports.

Economy > Economy

17.03.2020 12:05

Certain categories of SMEs to receive tax incentives - Minister Dalenov

NUR-SULTAN. KAZINFORM Cabinet is planning to provide tax incentives for certain groups of small and medium enterprises, Kazinform quotes Minister of National Economy Ruslan Dalenov as saying at the Government’s online session today.

для ANSA

17.03.2020 11:55

120 thousand jobs to be created under new Employment Roadmap

NUR-SULTAN. KAZINFORM - The Ministry of National Economy informed about the new Employment Roadmap, Kazinform correspondent reports.

для ANSA

17.03.2020 10:40

Kazakhstan’s int’l reserves reach about $90 bln, President

NUR-SULTAN. KAZINFORM - President of Kazakhstan Kassym-Jomart Tokayev commented on the impact of coronavirus on the global economy, Kazinform correspondent reports.

Top Story

16.03.2020 15:12

Annual commodity turnover with Uzbekistan exceeds $2.7 bln

NUR-SULTAN. KAZINFORM. In January - December 2019 trade between Uzbekistan and Kazakhstan amounted to USD2.75 billion, an increase of 10.6% compared with January – December 2018 (USD2.49 billion), Kazinform reported with the reference to finprom.kz.

Economy > Economy

16.03.2020 12:36

Kazakhstan increased export of agricultural products

NUR-SULTAN. KAZINFORM - Gross agricultural output in 2019 increased by 0.9% and amounted to KZT5.2 trillion, this was announced by Minister of Agriculture Saparkhan Omarov at a Government hour in Majilis, Kazinform correspondent reports.

для ANSA

16.03.2020 11:22

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