Global economy has entered recession amid coronavirus pandemic: IMF WASHINGTON. KAZINFORM The International Monetary Fund said Friday that the global economy has fallen into a recession, with economic and social activities increasingly curtailed in many countries in an effort to contain the spread of the coronavirus pandemic.
Global oil demand could drop by 20% due to virus: IEA ANKARA. KAZINFORM The global oil demand which is 100 million barrels per day (bpd) could fall by 20 million bpd as 3 billion people in the world are under lockdown due to coronavirus pandemic, said the executive director of International Energy Agency on late Thursday.
U.S. jobless claims surge to record 3.3 mln last week amid COVID-19 fallout WASHINGTON. KAZINFORM The number of initial jobless claims in the United States surged by 3 million to reach 3.3 million last week as COVID-19 devastates the economy, the U.S. Bureau of Labor Statistics reported on Thursday.
Timur Kulibayev, Kairat Boranbayev to donate 1bn tenge for fight with coronavirus consequences NUR-SULTAN. KAZINFORM Chairman of the Presidium of the Atameken National Chamber of Entrepreneurs of Kazakhstan Timur Kulibayev and businessman Kairat Boranbayev decided to donate KZT 1 billion to fight the consequences of the coronavirus pandemic, the press service of Atameken Union informed.
Seoul stocks, won at more than 10-year lows amid extended market rout SEOUL. KAZINFORM South Korean stocks extended their freefall to a seventh consecutive session to hit their lowest level in 11 years on Thursday as panic selling sparked by the spreading outbreak of the new coronavirus continued. The Korean won also sharply dropped against the U.S. dollar to its lowest since 2009.
Seoul stocks extend loss to decade low as virus panic spreads SEOUL. KAZINFORM South Korean stocks extended their losing streak to a sixth consecutive session on Wednesday, hitting their lowest point in a decade, as a panicky selling spree eclipsed stimulus packages released around the globe. The Korean won again fell against the U.S. dollar.
Certain categories of SMEs to receive tax incentives - Minister Dalenov NUR-SULTAN. KAZINFORM Cabinet is planning to provide tax incentives for certain groups of small and medium enterprises, Kazinform quotes Minister of National Economy Ruslan Dalenov as saying at the Government’s online session today.
Annual commodity turnover with Uzbekistan exceeds $2.7 bln NUR-SULTAN. KAZINFORM. In January - December 2019 trade between Uzbekistan and Kazakhstan amounted to USD2.75 billion, an increase of 10.6% compared with January – December 2018 (USD2.49 billion), Kazinform reported with the reference to finprom.kz.