News: Thursday, July 08, 2010 
Article of the Day
Medvedev tweets Birthday Greetings to Nazarbayev
By Joanna Lillis
Russian President Dmitri Medvedev not only said “Happy Birthday” to President Nursultan Nazarbayev in person, according to eurasianet.org.
He also conveyed the sentiment on Twitter, partly in Russian and partly in Kazakh.
“Today Nursultan Nazarbayev, a great friend of Russia, is 70 years old. Happy Birthday!” Medvedev messaged Nazarbayev in Russia on July 6. Then he added in Kazakh: “I congratulate you on your celebration!”
Twitter has yet to take off in a big way as a social and media tool in Kazakhstan.
Government officials are, however, eager to keep up with the times. Prime Minister Karim Masimov blogs. He has ordered other government officials to do likewise, with mixed results.
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Kazakhstan General
Suspect in Kazakhstan Bribe Case Extradited
By Nathan Olivarez-Giles
An Italian citizen who worked as an overseas executive for a California valve company has been extradited to the United States to face charges
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Akmola Oblast City to Produce Mobile Hospitals
By Kanat Kulshmanov
Kokshetau is getting a plant that will produce mobile hospitals, Prime Minister Karim Masimov said.
The Russian heavy-duty vehicle maker Kamaz will supply the vehicle
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Lab may identify Missing in Action
Twenty Kazakhstan families whose relatives are listed in missing in action in wars have a chance of obtaining closure with the founding of a lab in
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Shooting starts on Film about Sea Drying Up
Director Bakhtiyar Khudoinazarov has begun making the movie “Waiting for the Sea,” an international effort that involves industry people from Kazakhstan, Russia, France, Germany and Belgium.
The
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More Kazakhstanis travel Overseas
The number of Kazakhstanis traveling overseas has surged despite the economic crisis, caspionet.kz reports.
The Ministry of Tourism and Sports said the number jumped 10.7 percent to
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Astana, Gdansk become sister cities
Astana has become a sister city of the Polish port of Gdansk, which President Nursultan Nazarbayev visited a few years ago, caspionet.kz reports.
Gdansk, which has about
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Turkish music channel available in Kazakhstan
By Anar Kuanyshbekova
Cable television subscribers in Kazakhstan are now able to watch the Turkish music channel TMB, according to centralasiaoline.
TMB broadcasts music videos in Turkic languages
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Nazarbayev turns 70 during momentous year
By Hal Foster
Nursultan Nazarbayev took a job at the new Temirtau Steelworks as a 19-year-old a half century ago.
It was the start of a career that
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Oil and Gas Sector
Masimov wants Liquefied-gas Policy
Prime Minister Karim Masimov has urged Minister of Oil and Gas Sauat Mynbayev to come up with a comprehensive policy on developing the liquefied natural gas
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New Venture for Kazakhstan Seismic Work
The WesternGeco subsidiary of France’s Schlumberger and the Russian company Integra Group are forming a joint venture to use seismic equipment to locate oil in Kazakhstan
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Max Petroleum gets More Time to Pay Tax Bill
The Ministry of Finance is allowing Max Petroleum a longer period to pay $17.8 million in back taxes and penalties it assessed against the American company,
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Finance and Investment
Eurasian Economic Community central bankers meet
The heads of the central banks of the Eurasian Economic Community began their 22nd meeting in the Tajikistan capital of Dushanbe today, according to Kazakhstan Today.
Kazakhstan’s
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Kazakhstan’s reserves slip
Kazakhstan’s international currency and gold reserves fell to its lowest level in five months in June, the central bank said.
The stockpile dropped to $26.6 billion from
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Kazakh lawyer played key role in big loan
A Kazakhstani partner of the New York-based Dewey & LeBoeuf international law firm played a key role in lining up a $700 million Russian loan to
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Trade and Consumer Goods
Weather in Kazakhstan, elsewhere cause wheat-price jump
International wheat prices are rising as investors grow concerned about weather affecting production in Kazakhstan, Russia and Canada.
"It's too wet in Canada and too hot and
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Real Estate
Kazakhstan can keep leasing Issyk-Kul resorts
Kyrgyzstan’s new government will honor Kazakhstan’s long-term lease agreement on four Issyk-Kul resorts, according to a Kyrgyz official.
Temir Sariyev, Kyrgyzstan’s acting minister of Finance, said
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Regional Business News
Russian oil hitting U.S. West Coast
By Naureen S. Malik and Angela Henshall
Russian oil has taken an unexpected turn toward the United States, where it is making inroads on the West Coast,
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Russia Challenges Middle East on Oil to Asia
By Christian Schmollinger
Russia is sending record amounts of oil to Asia, eroding the dominance of the Middle East, as refiners in South Korea and Japan increase
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Russian Oligarch’s Bank defaults
By William Mauldin
Russian oligarch Sergei Pugachev’s International Industrial Bank has defaulted on ˆ200 billion in Eurobonds, triggering huge losses for foreign investors, the New York Times
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Russian Bank Bonds rally after Eurobond Default
By Denis Maternovsky and Jack Jordan
The first Eurobond default by a Russian bank in more than a decade is failing to undermine investor confidence in financial
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Turning East, Turkey asserts Economic Power
By Landon Thomas Jr.
For decades, Turkey has been told it was not ready to join the European Union — that it was too backward economically to
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U.S-Russian Spy Swap Appears in the Offing
By Ken Dilanian and Sergei L. Loiko
Across a vast global chessboard, the pieces were set in motion Wednesday.
In Moscow, Igor Sutyagin, an imprisoned physicist, was transported
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Russia to mark Japan Surrender Anniversary
Russian lawmakers gave preliminary approval on Wednesday to a bill that would make the anniversary of Japan's surrender an official Day of Remembrance marking the end
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Poles to let Germany try Hamas hit-man suspect
A Polish court has ruled that an Israeli man suspected of being involved in the assassination in Dubai of a leader of the Palestinian movement Hamas
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: July 8, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: July 8, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: July 8, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
74.61
|
.54
|
.73
|
03:13 |
| Dated Brent Spot |
73.50 |
-.10 |
-.13 |
03:23 |
| WTI Cushing Spot |
74.07 |
2.09 |
2.90
|
07/07 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
198.91
|
1.04
|
.53 |
03:11
|
| Nymex RBOB Gasoline Future |
204.00
|
1.47 |
.73 |
02:54 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
4.61 |
.05 |
1.01 |
03:10 |
| Henry Hub Spot |
4.76 |
-.09 |
-1.86 |
07/07 |
| New York City Gate Spot |
5.31 |
-.29
|
-5.18 |
07/07
|
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Commodities
Date: July 8, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
301.850 |
0.350 |
0.12 |
03:14 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1204.700 |
5.800
|
0.48 |
03:14 |
| SILVER FUTURE (USD/t oz.) |
18.075 |
0.075
|
0.42
|
03:13 |
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Metal Prices
Date: July 8, 2010; Source: Kitco.com
| Silver |
18.09 |
+0.03 |
| Platinum |
1529.00 |
+4.00
|
| Palladium |
446.00 |
-1.00
|
| Rhodium |
2,400.00 |
0.00
|
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Exchange rates
Date: July 8, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.25 |
1 CHF |
KZT 138.98 |
1 CNY |
KZT 21.73 |
1 TRY |
KZT 94.33 |
10 JPY |
KZT 1.69 |
| 1 EUR |
KZT 185.20 |
1 AUD |
KZT 124.62 |
1 KGS |
KZT 3.22 |
1 UZS |
KZT 0.09 |
|
|
| 1 GBP |
KZT 222.41 |
1 CAD |
KZT 139.05 |
1 RUB |
KZT 4.73 |
100 KRW |
KZT 12.05 |
|
|
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