Latest Business News

Kazakhstan plans to begin construction of a third gold refinery next year to process an expected increase in volumes of the precious metal, the countrys Industry Ministry said on Monday.

State miner Tau-Ken Samruk will run the refinery, which will have capacity to produce 25 tonnes of bullion per year and could cost up to $30 million to build, the ministrys committee of industry told Reuters in a written reply to questions.

Kazakhstan, Central Asias largest economy, has ambitious plans to raise annual gold output to 70 tonnes or more by 2015.

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So you have an idea for a business, but no money to get it started. What should you do and who can you turn to? There are many venture capitalists always on the look out for a good investment. Venture capitalists are groups or individuals who are looking for business ventures to invest their money in. Before you approach them, you should learn exactly what venture capitalists look for.

A Solid Business Plan Venture capitalists want more than anything to see a solid business plan. Make sure you take the time needed to create a solid plan. This plan should include your company’s mission statement, business purpose, start-up expenses and operating expenses, market analysis, marketing plan as well as your projected potential for profit or loss. <

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Influential bosses’ club the Institute of Directors today admitted that directors’ pay is too high as the debate escalated over excessive remuneration.

The IoD warned that “the current pace of executive pay is unsustainable”.

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Deere & Co. says strong sales of its farm equipment helped boost its fourth-quarter profit by 46 percent and says it expects robust demand will lead to further growth next year.

The quarterly results beat Wall Street expectations, and Deere shares rose more than 3 percent in afternoon trading.

The Moline, Ill., company said Wednesday that equipment sales were up 20 percent in the quarter. That included 14 percent sales growth in the United States and Canada, and 31 percent growth in the rest of the world outside those two countries.

The sales growth helped Deere generate net income of $670 million, or $1.62 per share, for the three months ended Oct.

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As regular readers know, I wrote a blog post a week or so ago about applying for a CLEAR card [see Biometrics and my application for the CLEAR card] and in that writeup I had one big question: with all the biometric data collected, how does the company ensure that it’s safe and secure?

I just got an update from CLEAR Vice President Mark Neirick addressing my security concerns. Here’s what he says:CLEAR recognizes that with the information provided by its members comes the expectation and trust that CLEAR will appropriately protect it. A key difference between the current system and that of the previous Verified Identity Pass system is that personal data is not distributed to remote systems such as kiosks or mobile systems.

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