Monday, May 20th | Last update01:28:25 AM GMT

Stocks

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Stocks

Crisis-hit arms market shrinks, first time since 1994: SIPRI

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For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts, AFP reports citing a Stockholm-based think tank.

Kazakhstan Stock Exchange Director on the planned single pension fund

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If Kazakhstan launches a single pension fund, the number of listed companies at the Kazakhstan Stock Exchange (KASE) will decrease. KASE President Kadyrzhan Damitov tells about possible changes in the country’s securities market.

KazMunaiGas chooses not to purchase ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield

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Kazakhstan’s KazMunaiGas National O&G Company doesn’t mind purchasing of the ConocoPhillips’ 8.4% stake in the giant Kashagan oilfield, KazTag reports, citing India’s Financial Express.

Kazakhstan businessman to buy $40 million worth oil company's shares

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Kazakhstan entrepreneur Kairat Satylganov will purchase $40 million worth Roxi Petroleum PLC stock, the company’s official website writes.

Fiscal Cliff fears American stocks

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Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.