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Kazakh state oil firm eyes Karachaganak stake

ASTANA (Reuters) - Kazakh state oil company KazMunaiGas wants to acquire a stake in Karachaganak, a gas condensate project led by BG (BG.L) and Eni (ENI.MI), KazMunaiGas head Kairgeldy Kabyldin said on Thursday.

21 2010 | Viewed: 568 | News / Review of Mass Media | Read full
Fed hikes discount rate but not tightening policy

WASHINGTON (Reuters) - The U.S. Federal Reserve on Thursday made its first interest rate move since December 2008, hiking an emergency lending rate it charges banks, but insisted borrowing costs would not rise for consumers or companies.

21 2010 | Viewed: 561 | News / Theme of day | Read full
Rival media attack BBCs apps plan

Newspapers and broadcasters have leapt on the BBC's plans for a range of mobile phone applications - apps - as the latest demonstration that the corporation is exceeding its remit.

21 2010 | Viewed: 563 | News / Theme of day | Read full
REFILE-Kazakh bank Alliance files for bankruptcy in U.S.

* Alliance seeks Chapter 15 protection

* Larger lender, BTA Bank, made similar filing

* Protection sought while bank restructures in Kazakhstan (Corrects case citation number)

NEW YORK, Feb 16 (Reuters) - Alliance Bank ASBN.KZ, one of Kazakhstan's largest lenders, filed on Tuesday for U.S. bankruptcy law protection to shield its assets from creditors in the United States, while it restructures more than $5 billion of debt at home.

18 2010 | Viewed: 676 | News / Theme of day | Read full
Busy Buffett ends an annual meeting tradition

NEW YORK (Reuters) - There's only one Warren Buffett to go around, and non-U.S. investors will get less of him this year.

18 2010 | Viewed: 534 | News / Review of Mass Media | Read full
Buffett's Berkshire cuts Conoco, J&J, P&G stakes

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc reported lower stakes in ConocoPhillips, Johnson & Johnson and Procter & Gamble Co in the fourth quarter, reducing several of its biggest investments as it prepared to complete its takeover of railroad company Burlington Northern Santa Fe Corp.

18 2010 | Viewed: 744 | News / Review of Mass Media | Read full
Foreign demand falls for Treasuries

Foreign demand for US Treasury securities fell by a record amount in December as China purged some of its holdings of government debt, the US Treasury department said on Tuesday.

18 2010 | Viewed: 621 | News / Review of Mass Media | Read full
IMF urges orderly deal on Dubai debt

The International Monetary Fund on Wednesday urged Dubai to improve its handling of the debt restructuring of a major conglomerate and advised the emirate to reorganise the rest of its state-linked companies.

18 2010 | Viewed: 713 | News / Theme of day | Read full
BBC to launch mobile apps

Mobile phone owners will soon be able to watch live BBC news reports and World Cup football, listen to radio and catch up on iPlayer shows thanks to a fresh set of BBC phone applications.

18 2010 | Viewed: 631 | News / Review of Mass Media | Read full
Corolla probe a fresh blow for Toyota

Toyota is set to face yet another safety probe by US regulators into one of its vehicles, this time involving potential steering problems in 2009 and 2010 Corolla saloons, a transportation department official said on Wednesday.

18 2010 | Viewed: 675 | News / Review of Mass Media | Read full
Reject ad hoc, national financial reforms

As countries around the world get down to the serious work of reforming their financial systems, the need for greater international co-ordination looms large.

18 2010 | Viewed: 536 | News / Review of Mass Media | Read full
Shell can improve impacts in the Niger Delta, says new report

As Shell faces a lawsuit in the Netherlands over alleged oil pollution in Nigeria, a new report published today argues that the oil giant can and should take both prompt and longer-term action to reduce the negative social and environmental impacts of its operations in the Niger Delta.

17 2010 | Viewed: 820 | News / Theme of day | Read full
Deripaska eyes new HK listing for power group

Oleg Deripaska is considering listing his electric power company in Hong Kong, in an effort to raise up to $1bn, people close to the matter said on Monday.

17 2010 | Viewed: 551 | News / Theme of day | Read full
Cost of Dubai default insurance rises sharply

The cost of insuring against a Dubai default climbed to the highest level since March on Monday amid heightened concerns over the restructuring of Dubai World, the emirate's troubled conglomerate.

17 2010 | Viewed: 696 | News / Theme of day | Read full
Shell unveils executive pay shake-up

Royal Dutch Shell on Tuesday outlined a pay structure that will freeze executive salaries for a year and restructure discretionary pay awards, following a revolt at last year's annual meeting by shareholders over the level of executive remuneration.

17 2010 | Viewed: 523 | News / Theme of day | Read full
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