OPEC oil cartel is approaching a deal for a further production limitation of 500,000 barrels per day. Delegates from different delegations report this. The OPEC countries and their allies such as Russia are likely to formally announce the agreements made on Friday. A reduction in production with 500,000 barrels per day would barely move oil prices, experts say. Such a step would simply be a...
The annual International Economic Forum “Caspian Dialogue 2019” was held in Moscow. Participating countries have presented their innovations and programs aimed to environmental protection of the largest lake on the planet. Aselle Tasmagambetova, the president of Saby foundation has taken part as speaker for Republic of Kazakhstan. She presented a report dedicated to shrinking numbers...
Kenes Rakishev was appointed Advisor for Investments to the Minister of Foreign Affairs of the Republic of Kazakhstan on June 27, 2019. Affirmed by Acting Foreign Minister Shakhrat Nuryshev, the appointment reflects Mr. Rakishev’s substantial contributions to building Kazakhstan’s economic potential. In this new position, Kenes Rakishev will work with various stakeholders to attract foreign...
Oil cartel OPEC expects to have to pump up considerably less oil in the coming years. The market share of the organization for oil-exporting countries will therefore fall to around 2025. The reason for the lower oil production of the OPEC countries is the large amount of American shale oil that is flooding the market. The amount of shale oil that the Americans produce is rising faster than what...
The German maker of skin care products Beiersdorf recorded higher sales in the first nine months of the year. The company behind brands such as Nivea, Labello and Hansaplast expects to achieve its goals for the entire year. The group achieved a turnover of more than 5.7 billion euros in the three quarters up to and including September, an increase of 6 percent compared to the same period last...
Various large parties that were involved in the Facebook crypto currency are withdrawing from the project. This includes credit card companies Mastercard and Visa. This is reported by the Bloomberg news agency. It is a big disappointment for libra, because companies such as Visa and Mastercard play an important role in payment transactions in America and Europe. Visa, Mastercard, Stripe and...
The US imports import duties of 25 percent on a range of European goods. These include cheese, pork and butter from the Netherlands, according to a list published by American trade envoy Robert Lighthizer on Wednesday. Mussels and pears from the Netherlands and other EU countries are also affected by the import duties. The charges start on October 18. Edam cheese and Gouda cheese from the...
The policy that the European Central Bank has now implemented is harmful. Six former central bankers, including former DNB president Nout Wellink, warn against this in a joint memorandum. It is exceptional for former central bankers to express themselves in this way. The six feel called by the increasing crisis measures that the ECB is taking to openly criticize. They endorse the criticism of...
The World Trade Organization is broken, ridiculous, bad, unfair. That was how Donald Trump talked publicly about the WTO until this week – until that Wednesday ruled that the US has the right to request 7.5 billion compensation from the European Union. “This is a nice win,” the president said during a press conference at the White House on Wednesday. According to him, the...
The stock markets in New York were on a loss mid-way through the last session of the week on Friday. Trade tensions between China and the US emerged once again. This happened after Chinese representatives canceled a visit to American agricultural states, which was scheduled for next week. That caused early gains on Wall Street to reverse. The leading Dow-Jones index was 0.4 percent lower at...