Companies from Kazakhstan plan to move some of their fundraising away from London, according to the country's central bank governor, because UK investors failed to stand by the central Asian state during the financial crisis.
In recessions past, the Western economies exported their problems to countries elsewhere in the world. As the US and European economies tripped up, so their demand for raw materials would drop. Commodity prices would plunge. Raw materials producers, mostly to be found in the emerging world, would suddenly find themselves in trouble. Their export earnings would spiral downward, leaving them unable to repay past debts. Currency collapse and debt default typically followed shortly afterwards.
Kazakhstan's uranium output growth is set to moderate in 2010 after a leap in recent years that has made it the world's largest producer, analysts said, citing technological and economic considerations.
Kazakh uranium output growth is likely to moderate due to technological and economic considerations as it is set to become the world's largest producer this year.
Its chimneys towering high above the steppe of central Kazakhstan, the Temirtau steel plant spews enough smoke to cloak the entire city with a cloud of toxic emissions.
Kazakhstan's President Nursultan Nazarbayev has removed the head of the Central Asian country's security service after it clashed publicly with other law enforcement bodies.
Adil Shayakhmetov has been appointed the new head of Kazakhstan's intelligence agency, the National Security Committee (KNB), replacing Amangeldy Shabdarbayev.
