Kazakh bid to avert strikes costly for oil firms - IEA
Kazakhstan's efforts to provide employment and avert a repeat of last year's strikes by oil workers are likely to raise costs for the national oil company and foreign firms operating there, the International Energy Agency (IEA) said on Wednesday.
Iran warned Saudi Arabia against delivering additional oil to world markets to compensate for a drop in Iranian oil exports if they are hit by sanctions, as the U.S. continued to have mixed success in convincing Iran's major oil customers to reduce their purchases of Iranian oil.
When I was a student, I remember how we were introduced to the western management concepts like KISS (Keep It Simple, Stupid) and were told that the best products and services are the ones, which are simple.
Samsung Group plans record $41 billion investment in 2012
Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors.
Russian Credit Outlook Cut to Stable at Fitch on Political Risks
Jan. 16 (Bloomberg) -- Russia's credit rating outlook was lowered to stable from positive at Fitch Ratings as political uncertainty spurs capital flight and threatens plans to wean the economy off its dependence on energy exports.
Almaty, January 12, 2012. Today BTA Bank JSC reported on termination of powers of Mr. Askar Karimullin, Member of the Board of Directors, Representative of NWF Samruk-Kazyna JSC on his own initiative with effect from January 11, 2012.
UniCredit shares rise 15 percent, leading Milan stocks
Shares in UniCredit (CRDI.MI) soared 15 percent after a brief suspension from trading on the Milan bourse on Thursday, with traders citing a report on a Kazakhstan investor in the Italian bank and a Blackrock (BLK.N) statement on Wednesday.
Kazakh bank BTA to sell Sekerbank stake to wealth fund
Kazakh bank BTA is poised to sell its 34 percent stake in Turkey's Sekerbank to its main shareholder, sovereign wealth fund Samruk-Kazyna, as it attempts to persuade angry creditors to accept a second debt restructuring.