Issue 3483 - 29.05.2020
29.05.2020

Pandemic put at risk development of all countries, Kazakh President

Kazakh President Kassym-Jomart Tokayev attended the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond on May 28. The virtual forum was convened by UN Secretary-General António Guterres, Prime Minister of Canada Justin Trudeau, Prime Minister of Jamaica Andrew Holness, the Akorda press service reports.

Addressing the event on behalf of the Group of the Landlocked Developing Countries (LLDCs) the Kazakh President drew attention of the international community that the pandemic has put at risk the development of all countries. He noted that the LLDCs are among the worst-hit countries with the tightened external financing, disrupted trade and investment flows.

Pandemic put at risk development of all countries, President Tokayev 28 May 2020 22:00Share in: NUR-SULTAN. KAZINFORM Kazakh President Kassym-Jomart Tokayev attended today the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. The virtual forum was convened by UN Secretary-General António Guterres, Prime Minister of Canada Justin Trudeau, Prime Minister of Jamaica Andrew Holness, the Akorda press service reports.

Addressing the event on behalf of the Group of the Landlocked Developing Countries (LLDCs) the Kazakh President drew attention of the international community that the pandemic has put at risk the development of all countries. He noted that the LLDCs are among the worst-hit countries with the tightened external financing, disrupted trade and investment flows. In this regard the Head of State called for consolidation of international efforts to settle problems of growing external debts of developing countries, digital inequality, providing wider access to clean potable water, and green technologies. The Head of State noted contribution of Kazakhstan to the implementation of the Global Humanitarian Response Plan and that the country provided humanitarian assistance to several countries to tackle the virus.

The President confirmed the country’s adherence to global efforts to strengthen food security, to mediation, conflict resolution and peace building. The leaders of Germany, France, Japan, Italy, Great Britain, Pakistan, Kyrgyzstan, Belarus, Saudi Arabia, etc., heads of IMF, OECD, World Bank, and some international financial institutions took part in the forum.

By Kazinform

Kazakhstan General

29.05.2020

Kazakh head of state calls for improved international coordination in bug busting campaigns

Kazakh President Kassym-Jomart Tokayev attended today the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. The virtual forum was convened by UN Secretary-General António Guterres, Prime Minister of Canada Justin Trudeau, Prime Minister of Jamaica Andrew Holness, the Akorda press service reports.

Addressing the event on...

Kazakh President Kassym-Jomart Tokayev attended today the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond. The virtual forum was convened by UN Secretary-General António Guterres, Prime Minister of Canada Justin Trudeau, Prime Minister of Jamaica Andrew Holness, the Akorda press service reports.

Addressing the event on...

29.05.2020

About 1.1 million individual entrepreneurs operate in Kazakhstan

By the end of April 2020, a little less than 1.2 million individual entrepreneurs were registered in the country, 3.3% less than last year. Of these, 1.1 million IEs are active, 0.6% less than in April 2019.

Among active entrepreneurs, more than 93%, or 984.5 thousand entrepreneurs, belonged to personal entrepreneurship,...

By the end of April 2020, a little less than 1.2 million individual entrepreneurs were registered in the country, 3.3% less than last year. Of these, 1.1 million IEs are active, 0.6% less than in April 2019.

Among active entrepreneurs, more than 93%, or 984.5 thousand entrepreneurs, belonged to personal entrepreneurship,...

29.05.2020

Fishy business: raids against poachers carried out in Kazakhstan sector of the Caspian Sea

The Border Service of RK National Security Committee reported on counteraction to criminal activity in the Kazakhstan sector of the Caspian Sea. 98 violators were detained.

“Since March 31, the NSC Border Service, together with the RF FSS, has been carrying out operational and preventive measures to curb poaching and protect...

The Border Service of RK National Security Committee reported on counteraction to criminal activity in the Kazakhstan sector of the Caspian Sea. 98 violators were detained.

“Since March 31, the NSC Border Service, together with the RF FSS, has been carrying out operational and preventive measures to curb poaching and protect...

29.05.2020

Economy of Kazakhstan meant to return to pre-crisis level

The economy of Kazakhstan will return to pre-crisis levels by mid-2021. This forecast was shared by the EDB and the EBRD. EDB analyst Aigul Berdigulova recalled that, according to the basic scenario of the bank, the country's economic recovery will begin in the second half of 2020.

“We believe that the...

The economy of Kazakhstan will return to pre-crisis levels by mid-2021. This forecast was shared by the EDB and the EBRD. EDB analyst Aigul Berdigulova recalled that, according to the basic scenario of the bank, the country's economic recovery will begin in the second half of 2020.

“We believe that the...

29.05.2020

Parliamentary opposition forms factions in Kazakhstan

The concept and powers of the parliamentary opposition in Kazakhstan will be enshrined in law. The relevant amendments to the Constitutional Law on the Parliament of the Republic of Kazakhstan and the status of its deputies and on the issues of parliamentary opposition were adopted by the Senate at a...

The concept and powers of the parliamentary opposition in Kazakhstan will be enshrined in law. The relevant amendments to the Constitutional Law on the Parliament of the Republic of Kazakhstan and the status of its deputies and on the issues of parliamentary opposition were adopted by the Senate at a...

Finance and Investment

29.05.2020

Cash withdrawals from Kazakhstan payment cards decreases

The value of cash withdrawal using payment cards issued by Kazakhstan issuers on the territory and outside Kazakhstan in January-April 2020 amounted to 4.7 trillion tenge, which is 2.9% less than in January-April 2019.

The indicator declined for the first time, due to the quarantine April, when the volume of withdrawals...

The value of cash withdrawal using payment cards issued by Kazakhstan issuers on the territory and outside Kazakhstan in January-April 2020 amounted to 4.7 trillion tenge, which is 2.9% less than in January-April 2019.

The indicator declined for the first time, due to the quarantine April, when the volume of withdrawals...

29.05.2020

Kazakhstan requires the government to return money from offshore zones again

Over the past 20 years, the outflow of capital from Kazakhstan to offshore zones amounted to about $140 billion. According to Senator Olga Perepechina, the problem of illegal capital outflow from Kazakhstan poses a direct threat to the national and economic security of the country, and at the moment when...

Over the past 20 years, the outflow of capital from Kazakhstan to offshore zones amounted to about $140 billion. According to Senator Olga Perepechina, the problem of illegal capital outflow from Kazakhstan poses a direct threat to the national and economic security of the country, and at the moment when...

29.05.2020

Amount of recapitalisation of Tengri Bank in Kazakhstan was planned at 23 billion tenge

On May 28, the protocol of the extraordinary general meeting of Tengri Bank shareholders dated May 15, 2020 was posted on KASE's website. The document contains new details about the state of the problem bank. In particular, the protocol indicates the amount by which the regulator, represented by the financial...

On May 28, the protocol of the extraordinary general meeting of Tengri Bank shareholders dated May 15, 2020 was posted on KASE's website. The document contains new details about the state of the problem bank. In particular, the protocol indicates the amount by which the regulator, represented by the financial...

29.05.2020

COVID19 pandemic affects tax revenues to RK budget

From January to April 2020, the state budget received 3.4 trillion tenge of tax payments. This was announced at a press conference in the Central Communications Service under the President of the Republic of Kazakhstan by the Deputy Chairman of the State Revenue Committee of the Finance Ministry of the...

From January to April 2020, the state budget received 3.4 trillion tenge of tax payments. This was announced at a press conference in the Central Communications Service under the President of the Republic of Kazakhstan by the Deputy Chairman of the State Revenue Committee of the Finance Ministry of the...

29.05.2020

National Fund Chief reports on financials to the Kazakh President

The Head of State, Kassym-Jomart Tokayev, received the chairman of the board of JSC NWF Samruk-Kazyna Akhmetzhan Yesimov, according to the press service of the President of Kazakhstan.

The President of Kazakhstan was informed about the current situation in the group of companies. According to Akhmetzhan Yesimov, since the beginning of...

The Head of State, Kassym-Jomart Tokayev, received the chairman of the board of JSC NWF Samruk-Kazyna Akhmetzhan Yesimov, according to the press service of the President of Kazakhstan.

The President of Kazakhstan was informed about the current situation in the group of companies. According to Akhmetzhan Yesimov, since the beginning of...

29.05.2020

Euro holds positions as greenback suffers from US politics

The euro was steady on Thursday as investors questioned whether a 750 billion euro ($826.35 billion) European Union plan to prop up the bloc’s coronavirus-hit economies would be delivered.

Overnight implied volatility gauges inched up to hit a one-month high above 8%, suggesting investors were prepared for unexpected moves in the...

The euro was steady on Thursday as investors questioned whether a 750 billion euro ($826.35 billion) European Union plan to prop up the bloc’s coronavirus-hit economies would be delivered.

Overnight implied volatility gauges inched up to hit a one-month high above 8%, suggesting investors were prepared for unexpected moves in the...

29.05.2020

Paper markets withstand gold surge, stock, bond values firm

Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating U.S.-China relations.

Oil prices were flat to slightly lower as the market awaited confirmation of industry data that on Wednesday...

Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating U.S.-China relations.

Oil prices were flat to slightly lower as the market awaited confirmation of industry data that on Wednesday...

Oil and Gas Sector

29.05.2020

More than 3.5 thousand employees of oilfield services companies in Kazakhstan are left without work

More than 3.5 thousand people in the field of oilfield service lost their jobs in Kazakhstan. This was announced during a press conference by the Minister of Energy Nurlan Nogaev. He explained that this is due to downtime at the facilities.

"According to our information, more than 3.5 thousand people in...

More than 3.5 thousand people in the field of oilfield service lost their jobs in Kazakhstan. This was announced during a press conference by the Minister of Energy Nurlan Nogaev. He explained that this is due to downtime at the facilities.

"According to our information, more than 3.5 thousand people in...

29.05.2020

KazMunayGas pays shareholders 7% of net profit in 2019

The Board of Directors of KazMunayGas NC approved the payment of dividends for 2019 in the amount of 81.7 billion tenge, as follows from the decision of the governing body. The value of dividend payments is about two times more than a year earlier, the oil and gas national company...

The Board of Directors of KazMunayGas NC approved the payment of dividends for 2019 in the amount of 81.7 billion tenge, as follows from the decision of the governing body. The value of dividend payments is about two times more than a year earlier, the oil and gas national company...

29.05.2020

KazMunayGas starts work on optimisation

The Minister of Energy Nogaev reported that the KazMunayGas National Company has begun work on optimisation. “KazMunayGas began work on optimisation from the central office. This trend will continue in the future in subsidiaries in the structure of the company. However, we propose that this does not adversely affect workers....

The Minister of Energy Nogaev reported that the KazMunayGas National Company has begun work on optimisation. “KazMunayGas began work on optimisation from the central office. This trend will continue in the future in subsidiaries in the structure of the company. However, we propose that this does not adversely affect workers....

29.05.2020

Kazakhstan builds gas processing plant at the Kashagan

The Minister of Energy Nogaev announced that a gas processing plant will be built at the Kashagan field.

“If in 2019 the volume of export of condensate and oil amounted to 72.2 million tonnes, this year it amounted to 67.5 million tonnes. In Atyrau region, a project for prospective expansion worth...

The Minister of Energy Nogaev announced that a gas processing plant will be built at the Kashagan field.

“If in 2019 the volume of export of condensate and oil amounted to 72.2 million tonnes, this year it amounted to 67.5 million tonnes. In Atyrau region, a project for prospective expansion worth...

29.05.2020

Oil refineries of Kazakhstan do not suspend their activities

To date, according to the decision of the Government, oil refineries in Kazakhstan have not suspended their activities. “To date, there are no companies in the oil and gas industry that would not be able to sell their products. Everyone uses their capacities, sells products through the Atyrau-Samara and Atasu-Alashankou...

To date, according to the decision of the Government, oil refineries in Kazakhstan have not suspended their activities. “To date, there are no companies in the oil and gas industry that would not be able to sell their products. Everyone uses their capacities, sells products through the Atyrau-Samara and Atasu-Alashankou...

29.05.2020

Oil production in Kazakhstan decreases to 86 million tonnes

The pandemic that has spread around the world has had a strong impact on energy. This was announced by the Minister of Energy during the reporting meeting in front of the population at the site of the central communications service under the President.

“According to the decree of the head of...

The pandemic that has spread around the world has had a strong impact on energy. This was announced by the Minister of Energy during the reporting meeting in front of the population at the site of the central communications service under the President.

“According to the decree of the head of...

29.05.2020

Kazakhstan evaluates oil production, gas supply and investment attraction

Minister of Energy Nurlan Nogayev spoke about the development of the main directions of the energy industry. According to the minister, in 2020 oil production of 90 million tons was planned, but in the current situation, due to the reduction in prices and the spread of coronavirus in the world,...

Minister of Energy Nurlan Nogayev spoke about the development of the main directions of the energy industry. According to the minister, in 2020 oil production of 90 million tons was planned, but in the current situation, due to the reduction in prices and the spread of coronavirus in the world,...

29.05.2020

No changes in plans to complete Nord Stream 2 construction

Plans to complete construction of the Nord Stream 2 gas pipeline did not change and sanctions against this project are unfair competition, running counter to international laws, press secretary of the Russian president, Dmitry Peskov said on Thursday.

"There have been no changes in plans for the Nord Stream 2," Peskov said....

Plans to complete construction of the Nord Stream 2 gas pipeline did not change and sanctions against this project are unfair competition, running counter to international laws, press secretary of the Russian president, Dmitry Peskov said on Thursday.

"There have been no changes in plans for the Nord Stream 2," Peskov said....

29.05.2020

Brent holds price setting, braving stockpiles of unsold US crude

Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders also worried that China’s new Hong Kong security law could result in trade sanctions.

The U.S. Energy Information Administration (EIA) said crude inventories rose 7.9 million...

Oil futures dipped and then bounced to trade around even on Thursday after U.S. crude and distillate inventories rose much more than expected, with traders also worried that China’s new Hong Kong security law could result in trade sanctions.

The U.S. Energy Information Administration (EIA) said crude inventories rose 7.9 million...

Metals and Minerals

29.05.2020

Kazakhmys provides financial assistance to employees with COVID-19

Kazakhmys Group will pay its employees infected with coronavirus a payment in the amount of their average salary. “In connection with the spread of coronavirus infection among employees of enterprises of the Kazakhmys group, additional measures have been taken to socially and financially support workers who find themselves in a...

Kazakhmys Group will pay its employees infected with coronavirus a payment in the amount of their average salary. “In connection with the spread of coronavirus infection among employees of enterprises of the Kazakhmys group, additional measures have been taken to socially and financially support workers who find themselves in a...

29.05.2020

Bullion recovers as politics dash hopes on smooth economy rebounds

Gold climbed 1% on Thursday, rebounding from the previous session's two-week low, as a deepening rift between the United States and China and weak economic data fueled concerns about the global economy.

Spot gold gained 0.7% to $1,721.35 per ounce by 10:57 a.m. EDT (1457 GMT). U.S. gold futures rose 0.6%...

Gold climbed 1% on Thursday, rebounding from the previous session's two-week low, as a deepening rift between the United States and China and weak economic data fueled concerns about the global economy.

Spot gold gained 0.7% to $1,721.35 per ounce by 10:57 a.m. EDT (1457 GMT). U.S. gold futures rose 0.6%...

29.05.2020

Non-ferrous base metals mixed on varying stock reports

Aluminium prices held near two-month highs on Thursday as hopes for stronger demand in top consumer China buoyed sentiment, but an oversupplied global market and large surpluses are expected to cap gains.

Benchmark aluminium on the London Metal Exchange (LME) traded little changed at $1,524 a tonne in official rings.

Prices of...

Aluminium prices held near two-month highs on Thursday as hopes for stronger demand in top consumer China buoyed sentiment, but an oversupplied global market and large surpluses are expected to cap gains.

Benchmark aluminium on the London Metal Exchange (LME) traded little changed at $1,524 a tonne in official rings.

Prices of...

Energy Industry

29.05.2020

Modernisation of CHPP-2 may cost Kazakhstan up to 315 billion tenge

Mayor of Almaty Bakytzhan Sagintayev presented four options for modernisation of CHPP-2. During an online conference, he explained that by the end of 2020, Samruk-Energy will develop a feasibility study. Public hearings of the project are scheduled for June and September 2020.

The cost of the project will be from 98.4...

Mayor of Almaty Bakytzhan Sagintayev presented four options for modernisation of CHPP-2. During an online conference, he explained that by the end of 2020, Samruk-Energy will develop a feasibility study. Public hearings of the project are scheduled for June and September 2020.

The cost of the project will be from 98.4...

Manufacturing industry

29.05.2020

Another desalination plant under construction in Kazakhstan

This year in Mangystau region it is planned to launch a desalination plant for formation water worth 21.4 billion tenge. The project is being implemented in the Tupkaragan region. Its capacity will be 17 thousand cubic metres per day. The project is implemented by Kazakhstan Water Solution Company and CITIC...

This year in Mangystau region it is planned to launch a desalination plant for formation water worth 21.4 billion tenge. The project is being implemented in the Tupkaragan region. Its capacity will be 17 thousand cubic metres per day. The project is implemented by Kazakhstan Water Solution Company and CITIC...

29.05.2020

230 best specialists in 11 industries involved in work to increase competitiveness of Kazakhstan

Kazakhstan Prime Minister Askar Mamin chaired a meeting of the Management Committee of the training Program for industry managers to manage changes, which is implemented as part of Elbasy’s "El Umiti" initiative and is aimed at the high-quality implementation of the National Plan "100 Concrete Steps", according to the press...

Kazakhstan Prime Minister Askar Mamin chaired a meeting of the Management Committee of the training Program for industry managers to manage changes, which is implemented as part of Elbasy’s "El Umiti" initiative and is aimed at the high-quality implementation of the National Plan "100 Concrete Steps", according to the press...

Trade and Consumer Goods

29.05.2020

Raw milk in stores and bazaars of Kazakhstan increases by 8% on-year, pasteurised by 8-9%, depending on fat content

In January-April 2020, Kazakhstan produced 184.5 thousand tonnes of liquid processed milk and cream, with an annual growth by 1.3%. For reference, in January-April last year, output in the sector amounted to 182.05 thousand tonnes of products. North Kazakhstan region produced 57.2 thousand tonnes of milk and cream, plus 14.7%...

In January-April 2020, Kazakhstan produced 184.5 thousand tonnes of liquid processed milk and cream, with an annual growth by 1.3%. For reference, in January-April last year, output in the sector amounted to 182.05 thousand tonnes of products. North Kazakhstan region produced 57.2 thousand tonnes of milk and cream, plus 14.7%...

Agriculture

29.05.2020

Kazakhstan plants spring grains throughout over 11 mln ha

As of May 28, Kazakh farmers already planted spring agricultural crops throughout the areas of 14.95 mln ha, or 80.3% of the forecast (18.63 mln ha), reported the Ministry of Agriculture of the Republic of Kazakhstan.

At the same time, the planted areas slightly increased in quantitative terms compared with the...

As of May 28, Kazakh farmers already planted spring agricultural crops throughout the areas of 14.95 mln ha, or 80.3% of the forecast (18.63 mln ha), reported the Ministry of Agriculture of the Republic of Kazakhstan.

At the same time, the planted areas slightly increased in quantitative terms compared with the...

29.05.2020

Kazakhstan among main importers of agricultural products from Moscow region

The Moscow region increased agricultural exports in the 1st quarter by 27%. The total sum of exports by agricultural producers near Moscow amounted to more than $245 million.

The countries of the post-Soviet space are the main buyers, and Kazakhstan is among the first. Shipments to Kazakhstan, as well as importers...

The Moscow region increased agricultural exports in the 1st quarter by 27%. The total sum of exports by agricultural producers near Moscow amounted to more than $245 million.

The countries of the post-Soviet space are the main buyers, and Kazakhstan is among the first. Shipments to Kazakhstan, as well as importers...

29.05.2020

US wheat, maize benchmark futures up as global supply patterns remain unclear

Chicago soybean futures edged lower on Thursday after an earlier two-week high as traders weighed up political tensions between Washington and Beijing against renewed Chinese demand for U.S. soybeans. Resumption of normal loading of soybeans and other products at Brazil's Paranagua port on Wednesday after a coronavirus case caused a...

Chicago soybean futures edged lower on Thursday after an earlier two-week high as traders weighed up political tensions between Washington and Beijing against renewed Chinese demand for U.S. soybeans. Resumption of normal loading of soybeans and other products at Brazil's Paranagua port on Wednesday after a coronavirus case caused a...

Communications and Transportation

29.05.2020

Kazakhstan plans to compensate part of losses incurred on tour operators

Kazakhstan proposes to subsidise the costs of tour operators for each foreign tourist. According to the head of the tourism industry committee Dastan Ryspekov, the relevant bill is currently under consideration by the working group in the Parliament.

"It spells out the rules for subsidising the costs of tour operators for...

Kazakhstan proposes to subsidise the costs of tour operators for each foreign tourist. According to the head of the tourism industry committee Dastan Ryspekov, the relevant bill is currently under consideration by the working group in the Parliament.

"It spells out the rules for subsidising the costs of tour operators for...

29.05.2020

Kazakhstan allows sale of airline tickets for international flights

The sale of air tickets to international destinations to / from Kazakhstan does not confirm the resumption of international flights, according to the press service of the Civil Aviation Committee.

As noted by the CAC, given the international practice of applying the depth of sale for several months before the start...

The sale of air tickets to international destinations to / from Kazakhstan does not confirm the resumption of international flights, according to the press service of the Civil Aviation Committee.

As noted by the CAC, given the international practice of applying the depth of sale for several months before the start...

Regional News

29.05.2020

Russia could face 7.5% GDP drop following lockdown

Russia’s Ministry of Economic Development does not rule out a 7.5% decline in GDP for 2020 in the conservative version of its updated forecast for 2020-2023, a source close to the government told Izvestia. Under this scenario, the ministry forecasts an average annual price of Urals crude oil at $30.2...

Russia’s Ministry of Economic Development does not rule out a 7.5% decline in GDP for 2020 in the conservative version of its updated forecast for 2020-2023, a source close to the government told Izvestia. Under this scenario, the ministry forecasts an average annual price of Urals crude oil at $30.2...

29.05.2020

Consumer crisis hammers Russia harder than China or US

A study by Alfa Bank has revealed that the collapse of Russia’s retail sector turned out to be worse than predicted and even worse than the plunge in consumer demand in China or the United States. According to experts, even after the restrictions are lifted, Russians won’t have time to...

A study by Alfa Bank has revealed that the collapse of Russia’s retail sector turned out to be worse than predicted and even worse than the plunge in consumer demand in China or the United States. According to experts, even after the restrictions are lifted, Russians won’t have time to...

29.05.2020

Rouble holds firm on Russian Central Bank support, stocks up

The Russian rouble was steady against the U.S. dollar on Thursday as support measures from the central bank offset low oil prices and the end of a tax period that generally buttresses the currency.

At 0730 GMT, the rouble was nearly flat against the dollar at 71.06 and had lost 0.1%...

The Russian rouble was steady against the U.S. dollar on Thursday as support measures from the central bank offset low oil prices and the end of a tax period that generally buttresses the currency.

At 0730 GMT, the rouble was nearly flat against the dollar at 71.06 and had lost 0.1%...

29.05.2020

Chinese stock markets shrug off US pomp(e)ous talk

China shares ended firmer on Thursday as investors anticipated further policy support from the ongoing Chinese parliamentary meeting, but gains were curbed amid a standoff between Washington and Beijing over a new Hong Kong security law.

At the close, the Shanghai Composite index ended up 0.3% at 2,846.22. The blue-chip CSI300...

China shares ended firmer on Thursday as investors anticipated further policy support from the ongoing Chinese parliamentary meeting, but gains were curbed amid a standoff between Washington and Beijing over a new Hong Kong security law.

At the close, the Shanghai Composite index ended up 0.3% at 2,846.22. The blue-chip CSI300...

29.05.2020

US slaps sanctions on China, hitting scores of hi-tech firms

Less than six months have passed since the conclusion of the trade ceasefire between the United States and China, yet their economic relations have started to deteriorate again. Washington has imposed sanctions on scores of Chinese hi-tech companies and according to Izvestia, it is clear that the trade war has...

Less than six months have passed since the conclusion of the trade ceasefire between the United States and China, yet their economic relations have started to deteriorate again. Washington has imposed sanctions on scores of Chinese hi-tech companies and according to Izvestia, it is clear that the trade war has...

29.05.2020

China’s enterprises brace for investment challenges

Chinese companies making overseas investments must focus more on risk prevention and asset safety as foreign nations are constantly changing scrutiny rules, said the former president of China's $941 billion sovereign wealth fund.

Companies from China must be ready for more challenges as the United States and some other countries are...

Chinese companies making overseas investments must focus more on risk prevention and asset safety as foreign nations are constantly changing scrutiny rules, said the former president of China's $941 billion sovereign wealth fund.

Companies from China must be ready for more challenges as the United States and some other countries are...

Prices and Statistics

29.05.2020

Commodities

Date: May 29, 2020; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 33.16 -0.55 -1.63% Jul 2020 5/28/2020
CO1:COMBrent Crude (ICE) USD/bbl. 35.00 -0.29 -0.82% Jul 2020 5/28/2020
XB1:COMRBOB Gasoline (Nymex) USd/gal. 99.10 -0.75 -0.75% Jun 2020 5/28/2020
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.82 -0.01 -0.49% Jul 2020 5/28/2020
HO1:COMHeating Oil (Nymex) USd/gal. 91.75 -0.81 -0.88% Jun 2020 5/28/2020
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,732.50 +4.20 +0.24% Aug 2020 5/28/2020
XAUUSD:CURGold Spot USD/t oz. 1,720.30 +1.97 +0.11% N/A 12:06 AM
SI1:COMSilver (Comex) USD/t oz. 17.95 -0.02 -0.12% Jul 2020 5/28/2020
HG1:COMCopper (Comex) USd/lb. 240.35 -1.00 -0.41% Jul 2020 5/28/2020
XPTUSD:CURPlatinum Spot USD/t oz. 837.99 -0.93 -0.11% N/A 12:06 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 329.25 +1.75 +0.53% Jul 2020 5/28/2020
W 1:COMWheat (CBOT) USd/bu. 514.50 0.00 0.00% Jul 2020 5/28/2020
CC1:COMCocoa (ICE) USD/MT 2,429.00 +66.00 +2.79% Jul 2020 5/28/2020
CT1:COMCotton #2 (ICE) USd/lb. 57.58 +0.01 +0.02% Jul 2020 5/28/2020
LC1:COMLive Cattle (CME) USd/lb. 101.18 +0.45 +0.45% Aug 2020 5/28/2020

Date: May 29, 2020; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 33.16 -0.55 -1.63% Jul 2020 5/28/2020
CO1:COMBrent Crude (ICE) USD/bbl. 35.00 -0.29 -0.82% Jul 2020 5/28/2020
XB1:COMRBOB Gasoline (Nymex) USd/gal. 99.10 -0.75 -0.75% Jun 2020 5/28/2020
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.82 -0.01 -0.49% Jul 2020 5/28/2020
HO1:COMHeating Oil (Nymex) USd/gal. 91.75 -0.81 -0.88% Jun 2020 5/28/2020

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,732.50 +4.20 +0.24% Aug 2020 5/28/2020
XAUUSD:CURGold Spot USD/t oz. 1,720.30 +1.97 +0.11% N/A 12:06 AM
SI1:COMSilver (Comex) USD/t oz. 17.95 -0.02 -0.12% Jul 2020 5/28/2020
HG1:COMCopper (Comex) USd/lb. 240.35 -1.00 -0.41% Jul 2020 5/28/2020
XPTUSD:CURPlatinum Spot USD/t oz. 837.99 -0.93 -0.11% N/A 12:06 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 329.25 +1.75 +0.53% Jul 2020 5/28/2020
W 1:COMWheat (CBOT) USd/bu. 514.50 0.00 0.00% Jul 2020 5/28/2020
CC1:COMCocoa (ICE) USD/MT 2,429.00 +66.00 +2.79% Jul 2020 5/28/2020
CT1:COMCotton #2 (ICE) USd/lb. 57.58 +0.01 +0.02% Jul 2020 5/28/2020
LC1:COMLive Cattle (CME) USd/lb. 101.18 +0.45 +0.45% Aug 2020 5/28/2020

29.05.2020

Exchange Rates

Date: May 29, 2020; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 412.55
1 EURO EUR / KZT 454.18
1 RUSSIAN ROUBLE RUB / KZT
5.81
1 CHINESE YUAN CNY / KZT 57.66
1 KYRGYZIAN SOM KGS / KZT 5.61
1 GREAT BRITAIN POUND GBP / KZT 505.62
1 CANADIAN DOLLAR CAD / KZT 299.67
1 AUSTRALIAN DOLLAR AUD / KZT 272.86

Date: May 29, 2020; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

412.55

1 EURO

EUR / KZT

454.18

1 RUSSIAN ROUBLE

RUB / KZT

5.81

1 CHINESE YUAN

CNY / KZT

57.66

1 KYRGYZIAN SOM

KGS / KZT

5.61

1 GREAT BRITAIN POUND

GBP / KZT

505.62

1 CANADIAN DOLLAR

CAD / KZT

299.67

1 AUSTRALIAN DOLLAR

AUD / KZT

272.86