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JAL to buy 32 Mitsubishi Regional Jets, order 15 Embraer aircraft TOKYO: Japan Airlines said on Thursday that it will buy as many as 32 Mitsubishi Regional Jets and will order 15 regional aircraft from Brazil's Embraer SA with options to purchase as many as 12 more. Japan Airlines in a release said it will deploy the MRJs on domestic routes from 2021. Copyright Reuters, 2014


Euro zone bond yields hold at record lows after Spain inflation LONDON: Euro zone bond yields held at record lows on Thursday as a drop in Spanish inflation in August kept pressure on the European Central Bank to ease policy further. Spanish inflation came in at minus 0.5 percent, higher than expectations of minus 0.6 percent but lower than in July.German inflation due at 1200 GMT was expected to be unchanged at 0.8 percent. Overall, inflation in the euro zone is still sure to remain far ...

Turkish central bank says to keep policy tight until inflation outlook improves ANKARA: Turkey's central bank said on Thursday it would maintain a tight monetary policy until there is a significant improvement in the inflation outlook, adding it will closely monitor inflation expectations, pricing behaviour and other factors. In a presentation to economists in Ankara on Thursday, a copy of which was released on its website, the bank said its tight monetary policy stance and macroprudential measures were keeping loan growth at reasonable levels. Copyright Reuters, 2014 ...

Turkish central bank injects 3bn lira in repo, bids 4.07bn ISTANBUL: Turkey's central bank injected 3 billion lira ($1.39 billion)into the market in a one-week repo auction on Thursday at a fixed simple rate of 8.25 percent, bank data showed. Total bids for the repo, maturing on Sept. 4, were 4.07 billion lira. Copyright Reuters, 2014

Russia's Sberbank H1 net profit down 2pc MOSCOW: Sberbank, Russia's top lender by assets, said on Thursday its first half net profit was down 2.3 percent to 170.4 billion roubles ($4.7 billion). Sberbank posted 174.5 billion roubles net profit for the first six months of last year. Sberbank added its loan loss provisions stood at 73.8 billion roubles in the second quarter of 2014, up from 30.9 billion roubles a year ago. Sberbank added its Tier 1 capital adequacy ratio was at ...

South Korea's Samsung and LG unveil new smartwatches SEOUL: South Korea's Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an increasingly competitive market for wearable devices.The "Gear S" is Samsung's first smartwatch able to make stand-alone phonecalls with built-in 3G alongside Bluetooth and WiFi connectivity.Users can make and receive calls directly from their wrist, or get calls forwarded from their smartphones. Notifications from social networks, calendars and applications can also be ...

Samsung unveils smartwatch that can make calls SEOUL: Samsung Electronics Co Ltd on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver. The world's biggest smartphone maker has been pushing hard to develop the wearable devices market as it looks to counter slowing earnings in its mobile division, which led to weaker-than-expected second-quarter earnings.Samsung is hardly alone in ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln