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Bouygues shares soar on Altice interest in telecoms subsidiary PARIS: Shares of French group Bouygues rose on Friday after Altice, the parent company of cable operator Numericable, showed interest in its telecoms subsidiary, signalling another possible tie-up in France's mobile phone market.In morning trade in Paris, the stock climbed 3.66 percent to 29.89 euros in a market up 0.94 percent.Altice, which signalled its interest in Bouygues Telecoms on Thursday, is currently finalising its acquisition of another French mobile phone operator SFR."At this time, we are in the process of integrating SFR, but if we receive a call from Bouygues on Friday, well why not?" said Altice CEO Dexter Goei, quoted by Dow Jones Newswires.The company owned by French-Israeli billionaire Patrick Drahi beat Bouygues in the race for SFR in April, offering Vivendi 13.5 billion euros in cash as well as an eventual additional sum of 750 million euros.If the Bouygues group, which also includes construction and media units, exits ...


Skymark Airlines shares soar 25.6pc on JAL tie-up report TOKYO: Shares in Skymark Airlines soared 25.6 percent Friday on a report that the troubled Japanese carrier was in tie-up talks with Japan Airlines (JAL).The Tokyo-listed stock skyrocketed 50 yen to at 245 yen ($2) after the leading Nikkei business daily's online edition said the firm was negotiating code-sharing with JAL on some routes.The deal would broaden Skymark's sales channels, as it now mainly sell tickets through its website, the Nikkei said.A spokeswoman for Skymark, ...

Australia's RBA upbeat on outlook for China resource demand SYDNEY: Chinese demand for Australian resources is likely to stay strong over the long run as the Asian giant continues to urbanise and mature into a consumer-led economy, a top central banker said on Friday.The Reserve Bank of Australia's (RBA) head of economic research, Alexandra Heath, acknowledged that slower growth in China and a rapid increase in the supply of coal and iron ore had pressured resource prices in recent months.Yet the urbanisation of the ...

Treasuries prices advance after weak China, euro zone data NEW YORK: US Treasury debt prices rose on Thursday, as investors sought the safety of government bonds amid concerns about global growth following weak manufacturing data from China and Europe.Global stocks fell as a result, with risk appetite diminishing and pushing yields in safe-haven German bunds and U.S. Treasuries to the day's lows.Data showing increased underlying U.S. inflation pressures last month and lower initial weekly jobless claims helped yields edge higher. But pessimistic data out ...

Commerzbank hits customers with negative interest rates FRANKFURT: Commerzbank, Germany's second-biggest lender, announced Thursday that it will start charging large corporate customers and institutional investors to hold a high level of deposits on their accounts.However, individual private customers and small and medium-sized businesses would not be affected, the bank insisted."We reserve the right to charge some large corporates a fee on parked liquidity" above a certain threshold, Commerzbank said in a statement. The move comes following a decision by the European Central ...

RBS executive says repeat of 2012 IT failure is highly unlikely LONDON: Royal Bank of Scotland is "highly unlikely" to experience a repeat of an incident that resulted in millions of its customers being unable to make or receive payments for several weeks, a senior executive told reporters."I can pretty much guarantee that that incident will not happen again because of the actions we've taken subsequently," RBS's Chief Administration Officer Simon McNamara said on a conference call.RBS has invested 750 million pounds ($1.2 billion) to improve ...

Telekom Slovenia 9-month profit down 19pc LJUBLJANA: Slovenia's leading telecom operator Telekom Slovenia, which is slated for privatisation, posted a 19 percent drop in nine-month group net profit over the same period last year, the company said on Thursday.Net profit was 37.7 million euros ($47.3 million) while revenues fell to 579.3 million euros versus 599.1 million a year ago.Telekom is the most prized of the 15 companies the government put up for sale last year, with a market value of about ...


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln