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Google prepares Facebook assault

Google is set to make a fresh attempt to gain a stronger foothold in the booming social networking business on Tuesday as it seeks to counter the growing threat that Facebook poses to some of its core services.

10 2010 | Viewed: 604 | News / Theme of day | Read full
Samsung plans to treble smartphone sales

Samsung Electronics said on Thursday that it aimed to treble its smartphone shipments this year by expanding its line-up, as the South Korean group looks to catch up on rivals such as Nokia and Apple.

8 2010 | Viewed: 705 | News / Theme of day | Read full
Abu Dhabi fund to take Gatwick stake

The owners of Gatwick have sold another stake in the airport, this time to the Abu Dhabi Investment Authority, one of the world's leading sovereign wealth funds.

8 2010 | Viewed: 570 | News / Theme of day | Read full
Promoting co-operation with Kazakhstan under Erasmus Mundus programme

ASTANA, 5 February 2010 - On Monday, a representative of the European Agency on Education comes to Kazakhstan to present the next call for proposals under the Erasmus Mundus Action II programme. This education programme is funded by the EU to give students from partner countries, including Kazakhstan, scholarship and exchange opportunities for study and research in Europe.

7 2010 | Viewed: 688 | News / Theme of day | Read full
FOREIGN OIL CORRUPTION SEEPING INTO THE US

SENATE EXAMINES EVASION OF ANTI-CORRUPTION LAWS

Oxfam Urges Congress to Pass Transparency Law

WASHINGTON, DC – The Senate’s Permanent Subcommittee on Investigations held a hearing today examining how foreign government officials, their relatives, and associates have used US financial institutions and professionals – including lawyers, realtors, escrow agents, lobbyists, and bankers – to circumvent US regulations and bring millions of suspect dollars into the country. International aid agency Oxfam America commends the committee for shedding light on these instances of corruption, which often occur in countries with oil, gas, and mineral wealth and robs governments of money that could be used to fight poverty.

7 2010 | Viewed: 578 | News / Theme of day | Read full
Kazakhstan's BTA files for U.S. creditor protection

BANGALORE/ALMATY, Feb 5 (Reuters) - Kazakh state-run bank BTA BTAS.KZ has filed for protection from creditors in a Manhattan bankruptcy court after some of them took action against the lender which is restructuring $11.6 billion in debt.

7 2010 | Viewed: 577 | News / Theme of day | Read full
The FMSA approves the Restructuring Plan of Alliance Bank

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA.

THE FMSA APPROVES THE RESTRUCTURING PLAN OF ALLIANCE BANK

4 February 2010

JSC Alliance Bank (the "Bank") is very pleased to announce that the Agency of the Republic of Kazakhstan on Regulation and Supervision of the Financial Market and Financial Organisations (the "FMSA") approved its Restructuring Plan on 1 February 2010.

5 2010 | Viewed: 934 | News / Theme of day | Read full
Moodys warns US of credit rating fears

Moody's Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country's budget deficit.

5 2010 | Viewed: 562 | News / Theme of day | Read full
Vikas Pota on ten business icons in India

Amid jitters about uncertainty in the financial markets over the past 16 months, many investors have continued to look toward the BRIC countries - Brazil, Russia, India and China, which by 2050 are expected to be wealthier than most current major economic powers.

2 2010 | Viewed: 652 | News / Theme of day | Read full
Russian oligarch inspired by Gates

Vladimir Potanin says he intends to ensure that his entire fortune is handed over to charity when he dies. As one of the founding fathers of Russia's oligarchy he seeks to follow in the philanthropic footsteps of the likes of Bill Gates.

2 2010 | Viewed: 560 | News / Theme of day | Read full
Korea pension fund widens its horizons

South Korea's National Pension Service is going global.

2 2010 | Viewed: 639 | News / Theme of day | Read full
Exxon profits fall 23% in fourth quarter

ExxonMobil, the world's largest listed western energy group, on Monday followed the industry trend, as it reported a 23 per cent drop in fourth-quarter earnings on lower refining margins, even as its production increased nearly 2 per cent.

2 2010 | Viewed: 658 | News / Theme of day | Read full
M Stanley to recruit hundreds of traders

Morgan Stanley plans to boost its underperforming securities business by hiring several hundred traders over the next few years in an effort to close the gap with Wall Street rivals, according to James Gorman, the new chief executive.

2 2010 | Viewed: 662 | News / Theme of day | Read full
Obama unveils US budget plans

President Barack Obama on Monday unveiled budget plans that would reduce the US government deficit from 10.6 per cent of gross domestic product in 2010 to below 4 per cent by 2014.

2 2010 | Viewed: 582 | News / Theme of day | Read full
FT appeal for literacy charity raises $4.3m

The Financial Times' seasonal appeal on behalf of the charity Room to Read, which supports child literacy in the developing world, has raised $4,330,758 (2,689,833, €3,092,710).

1 2010 | Viewed: 514 | News / Theme of day | Read full
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