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BMW to raise car prices in India by up to 3pc starting 2016 NEW DELHI: German carmaker BMW will raise the prices of its BMW- and Mini-branded cars sold in India by up to 3 percent starting Jan. 1, 2016, the company's local unit said on Thursday.BMW Group India has 39 dealerships across the country selling 20 BMW models, including the 5 Series, 7 Series, BMW X1 and BMW X3. It also sells four variants of the Mini.Copyright Reuters, 2015

Euro area lending picks up, won't prevent ECB action FRANKFURT: Euro zone lending expanded at its fastest pace in nearly four years in October, a welcome sign for the bloc's tepid recovery but unlikely to stop the European Central Bank from easing policy further next week.Despite being a sign the ECB's quantitative easing scheme is finally having an impact, however, the figures are barely back in positive territory, and the lending is doing little to boost anaemic inflation, the central bank's chief concern.Growth in ...

Greek bank deposits drop 0.5pc in October ATHENS: Greek bank deposits fell slightly in October, data released by the country's central bank showed on Thursday.Business and household deposits dropped by 590 million euros or 0.5 percent month-on-month to 121.08 billion euros ($129.1 billion), to their lowest level since March 2003.They had risen slightly to 121.67 billion euros in September, up for the second month in a row after a 10-month decline.Greece saw a 42 billion euro deposit outflow from December to July. ...

AirAsia reports Q3 net loss, hit by Indonesia and weak currencies KUALA LUMPUR: AirAsia Bhd swung to a third-quarter loss due to foreign exchange losses and a writedown at its lossmaking Indonesian associate as Asia's biggest budget airline seeks to address market concerns over high debt and dues owed by its affiliates.The Malaysia-based group booked prior-year unabsorbed losses of 469 million ringgit ($111 million) in July-Sept for its Indonesian associate, while the company's foreign exchange losses soared to 436 million from 153 million a year ago.For ...

Mobilink merges operations with Warid Telecom The biggest merger of Telecom industry took place on Thursday when the country’s largest cellular phone operator, Mobilink, and Warid Telecom merged their operations.According to local media reports, under the terms of the deal, Mobilink will first buy all of Warid. The Dhabi Group shareholders will then take a 15 percent stake in Mobilink. When the transaction is complete, the parties will merge Warid into Mobilink. Mobilink Chief Executive Jeffrey Hedberg will become the CEO ...

PetroChina sells pipeline stake amid reforms push SHANGHAI: State-owned Chinese oil giant PetroChina will sell half of a subsidiary that operates pipelines across central Asia for $2.4 billion, it said, raising hopes of possible reforms among nationalised firms.PetroChina's Trans-Asia Gas Pipeline has pipelines connecting China with countries including Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan.It is expected to have an 8,000 kilometre network with an annual capacity of 85 billion cubic metres by 2020.The 50 percent stake will be sold to another state-owned firm, ...

Swedish central bank may be cautious before new measures STOCKHOLM: Sweden's Riksbank has taken a large number of policy measures in this year and will not be hurried into new action given the complexity of the current situation, Deputy Governor Cecilia Skingsley said on Thursday."A lot is happening and so there may be reason to dare to take a step back and be a bit cautious when it comes to possible further measures," she told reporters."We need to be good at seeing through the ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln