Just in:  

You are here: Home»Business


Lufthansa mulls spot medical checks on pilots: CEO FRANKFURT: Lufthansa's chief said Friday the German airline is considering the possibility of regular spot medical checks for pilots, after one deliberately crashed a jet over the French Alps in March, killing all 150 on board."Unannounced checks" could be a "possible means" to ascertain whether pilots were regularly taking anti-depressives, which could provide an indication of potential psychological problems, CEO Carsten Spohr told the daily Frankfurter Allgemeine Zeitung. The surprise nature of the tests would be similar to the doping tests conducted in professional sport, the newspaper suggested.Spohr insisted, however, that the airline would have to examine very closely "under which conditions and in what exceptional circumstances doctors might have to be exempted from medical confidentiality obligations."A company spokesman explained that Lufthansa was not seeking to undertake such spot checks on its own.The group would "submit a corresponding proposal to the 'taskforce'" or group of experts set up by the ...

Audi says to enhance Chinese connected-car offerings with Baidu NECKARSULM: Audi said on Friday its planned cooperation with China's web services provider Baidu aims to enhance connected-car offerings in the world's largest auto market.Based on a partnership agreed in January, the two companies will jointly develop navigation map data, positioning algorithms and point-of-interest functions, Audi said in a statement published ahead of its annual shareholder meeting in Neckarsulm, Germany.Audi and Baidu agreed a memorandum of understanding in January and will sign a contract on ...

Monte Paschi prices 3bn-euro rights issue at big discount SIENA: Italy's Banca Monte dei Paschi di Siena priced its upcoming 3-billion-euro ($3.3-billion) rights issue at a big discount as it seeks to plug a capital shortfall unveiled by a Europe-wide health check of the sector. In a statement issued after the market closed on Thursday, the Tuscan lender said it would offer new shares in the bank at 1.17 euros each, or a 38.9 percent discount to the theoretical ex-rights price (TERP) calculated on ...

BoJ to stand pat on policy, may sound more upbeat on economy post-GDP TOKYO: The Bank of Japan is set to maintain its massive monetary stimulus on Friday and may offer a slightly more upbeat view of the economy, unfazed by first-quarter GDP data that offered mixed signs on the strength of the recovery. Data on Wednesday showed the world's third-largest economy expanded at an annualised 2.4 percent in the first three months of this year, the fastest pace in a year, a sign Japan was steadily emerging ...

Fed says auctions $79.919 billion in term deposit facility WASHINGTON: The Federal Reserve said on Thursday it awarded $79.919 billion of 14-day term deposits to 53 banks at an auction held earlier. The central bank will pay an interest rate set to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point on the deposits. The Fed currently pays an interest rate of 25 basis points on excess reserves. These floating rate term deposits will settle ...

Deutsche Bank faces shareholder ire at annual meeting FRANKFURT: Deutsche Bank, Germany's biggest lender, faced the wrath of shareholders over its poor profitability and wave of scandals at the annual meeting Thursday, while promising to make improvements. "We have made progress, but our work is not complete... We know you are disappointed," one of the co-chief executives Anshu Jain told around 4,000 shareholders who attended the meeting in Frankfurt's trade fair hall. "We have a clear strategy.... We are convinced we are on ...

US bond yields fall on economic worries NEW YORK: US Treasuries yields declined on Thursday as a batch of disappointing economic reports revived worries about the US economy and prompted further questions whether the Federal Reserve will raise interest rates later this year.Weaker-than-expected data on existing home sales, the manufacturing sector and US Mid-Atlantic business activity came a day after the central bank signaled a June rate hike is doubtful following an anemic first-quarter.Fed policy-makers expressed at their April 28-29 meeting they ...


ArrowDJIA 18,232.02 0.29
ArrowNasdaq 5,089.36 0.03
ArrowS&P 2,126.06 0.22
ArrowFTSE 7,031.72 0.05
ArrowDAX 11,815.01 0.42
ArrowCAC-40 5,142.89 0.07
ArrowNikkei 20,264.41 0.30
ArrowH.Seng 27,992.83 1.70
ArrowSensex 27,957.50 0.53

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln