Kazakhstan

During the pre-market trading session on Monday, Shell PLC (NYSE:SHELL) and Occidental Petroleum Corp (NYSE:OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday....

Kaspi.kz JSC ADR (NASDAQ:KSPI) witnessed a 7% decline in its shares on Monday, April 8 after severe flooding struck rural regions of Kazakhstan. Such occurrences are not uncommon in Kazakhstan. However, the flooding is reported to be the worst natural disaster to hit the nation in 80 years,...

The U.S. has successfully disrupted financial flows between Russia and countries such as Turkey, the United Arab Emirates, and Kazakhstan. This was achieved through a warning to foreign financial institutions of potential sanctions, according to a senior U.S. Treasury official. What Happened: The U...

Kazakhstan’s authorities have confirmed the blocking of the website of Coinbase (NASDAQ: COIN), the world’s second-largest crypto exchange. Kazakhstan Blocks Coinbase: The block is a direct response to the company’s operations, which are said to contradict the nation’s...

Nishad Singh on Monday testified about the extravagant expenditures he observed while working alongside FTX founder Sam Bankman-Fried, voicing his concerns over what he perceived as a wasteful $20 million spending, which Bankman-Fried countered by accusing Singh of sowing doubts. This ongoing...

Freedom Holding Corp (NASDAQ: FRHC), a Kazakh financial services firm, is currently under investigation by U.S. Department of Justice and the Securities and Exchange Commission for issues related to compliance, insider stock moves and associations with sanctioned individuals.  A...

Kazakhstan President Kassym-Jomart Tokayev, who has close historical ties with Russia, declined Belarusian President Alexander Lukashenko's offer of nuclear weapons for nations willing “to join the Union State of Russia and Belarus.” What Happened: Kazakhstan, which has refused to...

OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows. What Happened: The combined cut announced by the oil consortium will be around 1.16 million...

Binance CEO and co-founder Changpeng Zhao confirmed that the National Bank of the Republic of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), on the BNB Chain, the underlying blockchain of the Binance network. Binance had received approval to operate in Kazakhstan two...

Central Asian country Kazakhstan has become one of the world’s leading hubs for Bitcoin (CRYPTO: BTC) mining, ranking behind the United States and China. What Happened: This comes after China in August 2021 suspended mining and trading operations, placing the U.S. at the top — and...

Bitcoin (CRYPTO: BTC) miners in Kazakhstan could soon face a five-fold increase in taxes. What Happened: According to reports from local publications in the country, Kazakh authorities intend to raise the tax rate imposed on miners from 1 Kazakh tenge to 5 Kazakh tenges per kWh. The current rate of...

Benzinga debuted a new show on its YouTube channel Friday. The show will air every Friday and recap the top events of the week for stock traders. Here are the top ten stock market moving headlines of the past week. 10: Tesla Fourth Quarter Deliveries: Electric vehicle giant Tesla Inc (NASDEQ:TSLA)...

Uranium and nuclear stocks are in the spotlight with several news items leading to investors searching for stocks with exposure to the sector. For years, nuclear energy was considered an energy source not favored by many and has faced regulatory hurdles to continue. Here is a look at the latest...

Massive protests in Kazakhstan on Wednesday due to skyrocketing fuel prices impacted Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency by market capitalization. What Happened: The political unrest prompted President Kassym-Jomart Tokayev to disband his government on Wednesday and...

Skyrocketing fuel prices have led to massive protests in Kazakhstan, leading to multiple deaths and hundreds of injuries. What Happened: Protestors set fire to the presidential residence and mayor’s office in Almaty, the Central Asian nation’s largest city, on Wednesday. The Kazakh...