Kazakh bank BTA, majority owned by the country's sovereign wealth fund is now officially in default, creditors said on Tuesday, citing notification from settlement services provider Euroclear.

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.

IEA cites slowing global economy and foresees further drop.

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, 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.

Drop of $20.5bn first fall in more than a decade.

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.

Update on the restructuring process: preliminary talks with stakeholders have started.

Abu Dhabi and Libya stakes set to be heavily diluted.

Hedge funds are positioning to profit from a plan to slash Greece's towering debt pile as Athens enters final talks that could sway the country's membership of the euro.

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.

A quiet Internet revolution begins on Thursday. Organizations can begin applying to name and run their own domains instead of entrusting them to the operators of .com, .org, .gov and others.

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 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.