Kazakh leader says to devolve some powers to parliament, cabinet

Kazakh President Nursultan Nazarbayev will delegate some of his sweeping powers to the Central Asian nation's parliament and cabinet, he said on Wednesday, a move that could facilitate an eventual political transition. Kazakhstan, an exporter of oil and metals, is the only former Soviet republic that is still run by its communist-era leader. Aged 76, Nazarbayev has so far not identified a clear successor and the uncertainty is a concern to investors.