Kazakhstan Financial News

OPEC optimism over the resilience of energy demand in major economies.Brent futures rose $1.64, or 1.8%, to $92.28 a barrel by 11:15 a.m. EDT (1515 GMT). U.S.

Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force the price of Bitcoin (BTC) past $100,000.

Kazakhstan Kassym-Jomart Tokayev recently delivered an address, titled “Economic Course of a Just Kazakhstan,” detailing ambitious plans for economic reforms and a fresh economic trajectory for the nation. Tokayev also outlined plans to establish Kazakhstan as a major transit hub in Eurasia, focusing on key routes like the Trans-Caspian and the International North-South Corridor that connects Russia with India. Tokayev outlined various facets of the national agenda, underscoring the key economic tasks facing the government.

The German government says it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months

Urals oil loaded from the state's ports in August, despite a record rise in prices for the grade, traders, LSEG data and Reuters calculations showed.Indian refineries said in August that the Urals discount to the dated Brent benchmark crude had narrowed too much, making them cut purchases of the grade in September. Discounts for Urals oil loading in August narrowed to $5 per barrel and below on a DES (delivered ex ship) basis in Indian ports — a record low since a European Union embargo on Russia's oil. Along with the EU embargo, the G7, the European Union and Australia imposed a $60 per barrel price cap last December on sea-borne exports of Russian crude in retaliation for Russia's war on Ukraine, which Moscow calls a special military operation. The increase in prices for the Russian grade was due to Russia's pledge to cut oil exports in August by 500,000 barrels per day (bpd) in cooperation with OPEC+ to balance oil markets.

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.

The entire Bolshoi Ussursky Island in Russia's Amur region has been displayed as Chinese territory in the new map and this could be a cause of tensions between Moscow and Beijing. The island is situated at the confluence of Amur and Ussuri rivers and located close to the Russian city of Khabarovsk making it strategically important, according to experts on Sino-Russian ties. While Russia ceded part of the island to China in 2004 under the border pact, China has a centuries-old grievance from the 19th century when it was forced to cede the territory to Tsarist Russia under two treaties of 1858 and 1860. But the cracks appearing in the Sino-Russian ties are not new.

International Day Against Nuclear Tests is being observed on Tuesday, August 29 across the world. The main aim of observing this day is to increase awareness about the impacts of nuclear tests and nuclear explosions. It also aims to increase awareness about a nuclear-weapon-free world. The U.S.A. is the only country to have used nuclear weapons. It dropped nuclear bombs on the Japanese cities of Nagasaki and Hiroshima during World War II. Though no nuclear weapon has been used since then, many more countries have developed nuclear weapons.

Cryptocurrency exchange Binance continues introducing more restrictions for its Russian customers on its peer-to-peer (P2P) trading platform.

North Korea says it will allow its citizens staying abroad to return home in line with easing pandemic situations worldwide

Kazakhstan has ranked 25th in the World Bank's Ease of Doing Business Report. The office of KAZAKH INVEST in India is ready to provide assistance, starting from an idea to the commissioning.

deboosting operation successfully on Friday. As per the video feed provided by Roscosmos, the Luna-25 embarked on its journey seamlessly from the Vostochny Cosmodrome, situated in the Far East of Russia.

Kazakhstan is edging closer to the “launch” of a CBDC, making it the latest former Soviet nation to announce its foray into the digital fiat sphere.

IndiGo, owned by InterGloble Aviation, stated on August 16 that they will start flight services between Almaty and Delhi from September 23, 2023, onwards. This will be IndiGo’s 32nd international destination and the 111th overall station within the extensive 6E network.

Two private banks, Kapital Bank and Ravnaq Bank, got approval from the National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. They’ll issue plastic crypto cards, powered by Mastercard. 

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

Russia's ruble has fallen a long way in recent months, and the country's central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

Yandex, Arkady Volozh, on Thursday condemned what he described as Russia's «barbaric» invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a «Kazakhstan-born, Israeli tech entrepreneur» on a personal website, drawing some criticism in Russian media and on the Telegram messaging platform for apparently playing down his links to Russia. He has also been criticised by those opposed to Russia's actions for not speaking out more forcefully against the war.

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

India and Kazakhstan on Thursday discussed bilateral, regional issues at the fourth Security Dialogue held in Astana. The two countries also discussed the situation in Afghanistan and international issues of mutual concern, according to an official release.