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easyJet sees annual profit rising at least 14pc LONDON: Low-cost airline easyJet said it was on track to grow annual profit by at least 14 percent assuming no further significant disruption over the next two months.The company forecast that pretax profits for the twelve months to the end of September would be in the range of 545 million pounds ($928 million) to 570 million pounds and the range included the impact from situations in Israel, Egypt and Moscow.Analysts currently expect easyJet, whose profits came in at 478 million for the year earlier period, to report pretax profit of 569 million pounds in the twelve months to the end of September according to Thomson Reuters data.Copyright Reuters, 2014

Unilever sales growth hurt by slowing emerging markets LONDON: Unilever missed second-quarter sales estimates on Thursday, citing a slowdown in emerging markets and continuing malaise in developed markets.The Anglo-Dutch maker of Ben & Jerry's ice cream, Dove soap and Lipton tea said underlying sales - which exclude the impact of foreign exchange, acquisitions and disposals - rose 3.8 percent, compared to analysts' expectations of 4.3 percent."Overall there's a slowdown in Asia," Chief Financial Officer Jean-Marc Huet told Reuters, citing China and Vietnam in ...

LG Electronics Q2 profit surges 165pc SEOUL: LG Electronics posted a 165 percent surge in second-quarter net profit Thursday from a year ago, on solid TV sales and a dramatic turnaround in its long-troubled mobile unit. Net profit for the South Korean electronics giant in the April-June period amounted to 412 billion won ($399.8 million), LG said in a statement. Operating profit also soared 26.5 percent for the previous year to 606 billion won, while sales rose 0.9 percent to 15.37 ...

LG Electronics to invest 1.3 trillion won in R&D facility SEOUL: South Korea's LG Electronics Inc said on Thursday that it will invest 1.3 trillion won ($1.26 billion) to build a new research and development facility in the country's capital city of Seoul. LG Electronics, in a regulatory filing, said the investment seeks to develop new growth technologies without elaborating further. Copyright Reuters, 2014

Hyundai Motor Q2 profit buffeted by strong won SEOUL: South Korea's largest automaker, Hyundai Motor Co. said Thursday its second-quarter net profit slumped 6.9 percent from a year earlier, mainly due to a stronger won.The April-June figure came to 2.35 trillion won (2.29 billion dollars), on sales of 22.75 trillion won, down 1.9 percent year-on-year.It sold 2.5 million cars in the first six months to June, up 4.4 percent from the previous year.Operating profit for the three-month period plunged 13.3 percent from the ...

BoJ aims to stabilise inflation expectations at 2pc TOKYO: Bank of Japan board member Sayuri Shirai said the central bank's goal of achieving 2 percent inflation and sustaining the price level in a "stable manner" is equivalent to stabilising Japan's long-term inflation expectations at 2 percent. "Transforming the public's deflation-oriented mindsets and their resultant risk-averse economic behavior will take some time, but positive developments are gradually but steadily spreading in the economy," Shirai said in a speech delivered at a conference in Singapore ...

PBOC skips open market operations, injects 18bn yuan for week SHANGHAI: China's central bank refrained from conducting open market operations on Thursday, traders said, meaning it will inject a net 18 billion yuan ($2.90 billion) into the market this week.The People's Bank of China (PBOC) conducted a net injection of 17 billion yuan into the market last week. Copyright Reuters, 2014


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln