World and Crisis

06.04.2020 12:40

Coronavirus cases in Germany surpass 100,000

BERLIN. KAZINFORM Germany’s tally of confirmed coronavirus cases surpassed 100,000 on Monday, according to figures released by local authorities.

14.11.2016 20:05

Nazarbayev: It is not time to look for the guilty ones

ASTANA. KAZINFORM - "It is not time to look for the guilty ones. It is time to look for middle ground and exact solutions", President Nursultan Nazarbayev said addressing the Astana Club meeting.  

11.11.2016 03:01

World Economy Review

ASTANA. KAZINFORM The five-member bloc saw a 5.8 per cent growth in containerized trade with the world in the first half of 2016 on the back of a strong showing by India, says Maersk Line, the world`s largest container shipping company, according to ereport.ru.     

06.10.2016 20:13

World Economy Review

MOSCOW. KAZINFORM The global economic recovery remains "weak and precarious", the International Monetary Fund has warned. In its latest World Economic Outlook, the IMF predicts "subpar" growth this year of 3.1%, rising slightly in 2017. "Taken as a whole, the world economy has moved sideways," said IMF chief economist Maurice Obstfeld.    

30.09.2016 08:45

The biggest winners and losers from OPEC's oil deal

NEW YORK. KAZINFORM Good news for oil producers is bad news at the pump    

14.09.2016 15:58

Asian stocks fall to six-week lows as bond rout intensifies

BAKU. KAZINFORM Asian stocks fell to fresh six-week lows on Wednesday and the greenback stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world's major central banks to stimulate growth, Reuters reported.Losses in stock markets across Asia deepened as rising bond yields and soaring volatility forced investors to unwind positions.    

01.09.2016 15:44

Banks cut 4.1% of Switzerland jobs in first half as profit falls

NEW YORK. KAZINFORM Banks in Switzerland reduced their domestic workforce by 4.1 percent in the first half as companies combined and made cost cuts to stem declining profitability, a survey by the nation's main bank association showed.    

30.08.2016 16:19

New energy for world economy

MOSCOW. KAZINFOR How can the world`s strongest economies better collaborate to increase growth and address some of today`s mounting challenges?    

28.08.2016 21:15

Uber loses at least $1.2 billion in H1 2016

NEW YORK. KAZINFORM The ride-hailing giant Uber Technologies Inc. is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta.    

28.08.2016 13:57

World’s biggest pension fund loses $52 billion in stock rout

NEW YORK. KAZINFORM The world's biggest pension fund posted a $52 billion loss last quarter as stocks tumbled and the yen surged, wiping out all investment gains since it overhauled its strategy by boosting shares and cutting bonds.    

27.08.2016 14:19

Yellen imagines a future where Fed tinkers with inflation target

NEW YORK. KAZINFORM Federal Reserve Chair Janet Yellen raised the possibility that future policy makers might increase their inflation target and broaden the types of assets they can buy to enhance their ability to counteract a severe recession, Bloomberg reported.     

23.08.2016 15:22

Quick Take Q&A: Oil steers path of Malaysian economy, currency

NEW YORK. KAZINFORM Malaysia's economy and financial markets are suffering for their close reliance on energy markets. The 57 percent slump in Brent crude from a 2014 peak has forced Prime Minister Najib Razak to lower the government's economic growth forecast for two years in a row. Making matters worse, the Malaysian ringgit tends to mirror the movements in oil prices. When Brent was trading at more than $100 per barrel in August 2014, the ringgit reached the year's high of 3.1420 per dollar. In January, when Brent was hovering around the $30 mark, the currency tumbled to a three-month low of 4.4285.    

14.06.2016 21:21

S. Korea set to announce stimulus fiscal policies: finance minister

SEOUL. KAZINFORM The South Korean finance minister said Tuesday that the government will announce a package of fiscal policies that would sufficiently stimulate the economy in the second half amid growing concerns over further economic downturn.

26.05.2016 08:38

French labour dispute: Nuclear power plant workers to join strike

LONDON. KAZINFORM Workers at French nuclear power stations are due to down tools on Thursday amid growing industrial action over controversial labour reforms.

25.05.2016 15:18

Eurogroup agrees to disburse Greece €10.3 bln tranche of financial aid

BRUSSELS. KAZINFORM - Eurogroup has agreed to allocate the second tranche of €10.3 billion of financial aid to Greece in several installments, Eurogroup President Jeroen Dijsselbloem said after the group's session on Wednesday.

22.05.2016 10:55

New trailer of Ghostbusters 3 hits the web (VIDEO)

LOS ANGELES. KAZINFORM - Sony Pictures Entertainment released the newest trainer for Ghostbusters, the reboot of the Ghostbusters franchise, Kazinform has learnt from buro247.kz.

29.02.2016 08:21

Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says

NEW YORK. KAZINFORM Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates and rating downgrades, according to HSBC Holdings Plc.

22.02.2016 23:46

Pound heading for biggest one-day fall since 2009 on Brexit fears

LONDON. KAZINFORM The pound is heading for its biggest drop in nearly seven years against the dollar amid uncertainty about a possible British exit from the EU.

04.02.2016 15:40

Shell confirms 10,000 job cuts amid a steep profits fall

ASTANA. KAZINFORM - Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years.

03.02.2016 07:18

Yahoo to cut its workforce by 15%

LONDON. KAZINFORM Yahoo is cutting 15% of its workforce as the company pursues an "aggressive strategic plan" to return to profitability.