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Daily Archives: September 22, 2014

Kazakh-Chinese trade turnover exceeds $22 bln

The trade turnover between Kazakhstan and China reached $22.5 billion in 2013, and this figure is 4 percent more compared to 2013, Managing Director of Kaznex Invest Askar Arynov said. “According to our analysis, in 2013 the trade turnover between the two countries amounted to $22.5 billion, increasing by 4 …

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Kazakhstan to increase oil production in 2015

Kazakhstan’s oil production is expected to reach 81.8 million metric tons in 2015, local media reported with reference to National Economy Minister Erbolat Dossayev on September 15. “The Energy Ministry forecasts that oil production will reach 81.8 million metric tons in 2015 and increase to 96 million metric tons in …

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Qazvin-Rasht-Astara railway to start functioning in early 2015

The Qazvin-Rasht-Astara railway, which is an integral part of the “North-South” international transport corridor, will be commissioned in early 2015. Executive engineer of the railway construction project Farhad Kafi told this to Azerbaijani reporters, who visited the Iranian province of Gilan. He said the total length of the Qazvin-Rasht-Astara railway …

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Russian billionaire Yevtushenkov under house arrest in money laundering case

The main stockholder in the Russian conglomerate AFK Sistema and the country’s 15th richest man according to Forbes, Vladimir Yevtushenkov, has been placed under house arrest on charges of money laundering. The billionaire is accused of acquiring shares in oil producer Bashneft, in the Russian province of Bashkiria, by “criminal means.” …

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China pumps $81bn into banks to stop slowdown – report

The Chinese central bank is to inject $81 billion (500 billion yuan) into 5 major state banks to stimulate economic activity and lending, according to a source inside the People’s Bank of China. It is an attempt to counter slower than expected growth in the world’s second largest economy while …

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Number of billionaires hits new record high in 2014-report

he number of billionaires increased by 155 in 2014 reaching a record high of 2,325, according to the Billion Census report. The research showed that more than half of the new super-rich are self-made, and more than a third don’t have a university degree. There was a 7.1 percent increase …

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Alibaba sets IPO record at $168 billion

On Friday morning the stock will start trading on the NYSE after setting a record in US IPO history. Each of the 320.1 million shares was sold at $68 each which values the Chinese e-commerce giant at $167.6 billion, only third to Google and Facebook. In the year’s most buzzed …

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