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Deutsche Bank says to post 6.2bn loss in Q3 BERLIN: Deutsche Bank warned Thursday that it would post a net loss of 6.2 billion euros ($7.0 billion) in the third quarter and that dividends for the year may be scrapped.The bank said it would book a charge of 5.8 billion euros in impairments, "largely driven by the impact of expected highly regulatory capital requirements... as well as current expectations regarding the disposal of Postbank."The group was also setting aside 1.2 billion euros to meet litigation costs. Deutsche Bank is embroiled in the Libor rigging scandal and is being investigated by Swiss authorities for suspected price fixing on the precious metals market.The bank further took a hit of 600 million euros in the value of its almost 20 percent stake in Hua Xia Bank.In what appeared to be a confirmation of reports that it was intending to dispose of the China-based bank holding, Deutsche Bank said there had been a ...

Fiat Chrysler to halt production at Maserati plant Nov. 2-8 TURIN: Fiat Chrysler Automobiles will halt production of its Maserati Ghibli and Quattroporte sedans at a plant near Turin during the first week of November to adjust output to market conditions, a company source said on Wednesday. Around 2,000 workers at the Maserati plant in the Grugliasco factory will be placed on a temporary jobless scheme between Nov. 2 and 8, the source said. Copyright Reuters, 2015

Volkswagen's India unit investigating Polo cars NEW DELHI: German carmaker Volkswagen AG's India unit is investigating the Polo hatchback cars it sells in the country over "technical issues", a spokesman of the local unit told Reuters on Wednesday. The spokesman said the investigation is not related to the diesel emissions scandal over which the company is facing a probe in the United States and Europe. Volkswagen India, which may issue a recall of the cars if needed once the analysis is ...

Qatar National Bank Q3 net profit rises 6.1pc, beats forecasts DUBAI: Qatar National Bank (QNB), the largest lender in the Gulf Arab region, achieved a 6.1 percent increase in third-quarter net profit, beating analysts' forecasts, a Reuters calculation showed on Wednesday. The bank made a net 3.11 billion riyals ($854 million) in the three months to Sept. 30, up from 2.93 billion riyals a year before, according to Reuters calculations. The bank did not provide a quarterly breakdown in its earnings statement. Four analysts polled ...

91,000 vehicles in Australia affected by VW cheating SYDNEY: Volkswagen said Wednesday that more than 91,000 of its vehicles in Australia are fitted with emissions-cheating technology, more than two weeks after the global scandal broke.The German auto giant said on September 22 that as many as 11 million diesel cars worldwide were equipped with devices which could skew emissions data to cheat tests.Volkswagen Group Australia said Wednesday that 54,745 cars, 17,256 commercial vehicles and 5,148 Skoda vehicles were affected in Australia. Its top-of-the-range ...

Bank of Japan holds fire on stimulus TOKYO: The Bank of Japan held fire on expanding its already huge stimulus programme Wednesday, despite mounting pressure on policymakers in the face of sluggish growth and stagnant prices.The decision, after a two-day meeting, follows a string of disappointing data that have raised questions about the effectiveness of Prime Minister Shinzo Abe's drive to kickstart the economy, which contracted in the second quarter of the year.It also comes a day after the International Monetary Fund ...

A ping pong robot & a mirror that really doesn't lie, unveiled in Japan CHIBA: A ping pong playing robot, a flying origami bird and a mirror that some might find a little too honest for comfort were on display at a huge tech show in Japan on Wednesday.The gadgets are all part of this year's Cutting-edge IT & Electronics Comprehensive Exhibition (CEATEC), Asia's largest electronics fair, outside Tokyo.Prominent among the pack was a robot arm made by automation parts maker Omron that can play -- and coach -- ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln