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Samsung Electronics says may acquire rest of Samsung Medison SEOUL: Samsung Electronics Co Ltd said on Tuesday that it is considering acquiring the shares of unlisted medical equipment maker Samsung Medison Co Ltd that it does not currently own. Samsung Electronics said in a regulatory filing that it has not yet made a final decision.It did not elaborate on its plans. Samsung Electronics controls about 68.5 percent of Samsung Medison. The holding has a book value of about 478 billion Korean won ($472 million), according to an August regulatory filing. Copyright Reuters, 2014


German August car sales down about 0.5pc FRANKFURT: Sales of new cars in Germany, Europe's biggest auto market, declined about 0.5 percent in August, an industry source familiar with the matter told Reuters on Tuesday. Germany's main VDA auto industry association and the KBA Department of Motor Vehicles are due to publish August sales data later on Tuesday. Copyright Reuters, 2014

China's Agbank may issue preference shares in Sept or Oct SHANGHAI: Agricultural Bank of China Ltd , China's third largest listed lender, is contemplating issuing preference shares in September or October this year, Xu Duo, a senior official at the bank, said on Tuesday. He made the comments at a press conference in Shanghai. Last month, the China Banking Regulatory Commission has given the green light for AgBank to issue preferred shares for up to 80 billion yuan ($13.01 billion). The issuance is now pending ...

Turkish central bank opens 14bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week, fixed-rate repo auction on Tuesday with a volume of 14 billion lira ($6.47 billion) , bank data showed. The repo will mature on Sept. 9. Copyright Reuters, 2014

One South Korean central bank board member voted against Aug rate cut SEOUL: One dissenter voted to hold interest rates steady when the Bank of Korea's monetary policy board chose to loosen policy for the first time in more than a year on Aug. 14, minutes from the central bank showed on Tuesday. The board cut the benchmark rate by a quarter of a point to 2.25 percent, a shift from its hawkish policy stance that many analysts saw as caving in to government pressure to shore ...

Former top US Republican Cantor to work on Wall Street NEW YORK: The former US House majority leader, Republican Representative Eric Cantor, is going to work on Wall Street, his new employer said Tuesday.Cantor, 51, will be vice chairman and managing director at Moelis & Company, a small investment bank. He will also be elected to its board of directors, the bank said in a statement.Cantor, an establishment heavyweight, shocked the US political world back in June when he lost to an even more conservative ...

Turkey's Sisecam says unit's talks with France's Arc end with no offer ISTANBUL: Turkey's biggest glassmaker Sisecam said on Tuesday its Pasabahce unit, which makes tableware and home furnishings, has ended talks to acquire shares in Arc International, a French household goods maker. In June, Pasabahce had signed a non-disclosure agreement regarding the non-binding talks, which have been concluded with no offer, Sisecam said in a filing to Istanbul Stock Exchange. Copyright Reuters, 2014


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln