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Two million more passengers for Turkish Airlines ISLAMABAD: The number of passengers increased to 12 million in the first quarter of 2014 compared to 10 million last year.Two million more passengers flew with Turkish Airlines in the first quarter of 2014 compared to January-March last year, according to a company statement, Anadolu News Agency Reported.The total passengers from January to March this year is 12 million representing a rise of 20 percent, from last year's ten million.Turkish Airlines also added 27 new destinations from last year - giving it a total of 246 destinations worldwide. Forty three of these are domestic destinations.Copyright APP (Associated Press of Pakistan), 2014

Tesco sees no respite as annual profit slumps LONDON: Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6 percent fall in annual profit, its second straight year of decline, piling pressure on Chief Executive Phil Clarke.The group, the world's No.3 retailer, showed trading had deteriorated throughout the 12 months, with the key figure of sales at its British stores open over a year, excluding fuel and VAT sales tax, down 3 percent in the fourth ...

Cash-rich global firms face calls to crack open war chests TOKYO: Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth.The combined war chests held by companies including Apple, Google and Samsung -- roughly equivalent to the size of France's economy -- has swelled since the 2008 global downturn hammered stock markets and saw nervous firms pinching ...

China e-commerce giant Alibaba seen filing for US IPO next week HONG KONG: Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to file the prospectus for its US initial public offering next week, sources said on Wednesday, moving closer to what could be the biggest-ever listing by a technology firm.Alibaba's documents could be filed as soon as Monday, added the sources, who couldn't be named because the plans aren't yet public. The IPO could be worth more than $16 billion, surpassing the previous record for ...

GM chief creates new team to boost vehicle safety NEW YORK: General Motors chief executive Mary Barra announced Tuesday the creation of a new team to enhance safety in the wake of an ignition-recall scandal that has engulfed the company.Barra said the new product-integrity team aimed to ensure that future technical problems are addressed and resolved quickly. The automaker has come in for heavy criticism over its response to the ignition-switch problem, which has been tied to 13 deaths.The new product-integrity team will be ...

Intel steadies as PC declines ease NEW YORK: US computer chip giant Intel reported a modest dip in earnings in the first quarter on Tuesday, amid a stabilization of the key personal computer segment.Profits in the January-March period dipped five percent to $1.9 billion, results which slightly beat Wall Street estimates.Revenues meanwhile grew 1.5 percent from a year earlier to $12.8 billion, in line with analyst expectations.Intel said revenues from its PC division dipped just one percent to $7.9 billion, as ...

US indicts three Japanese auto parts execs for price-fixing WASHINGTON: The United States indicted one current and two former executive of Japanese parts firm Bridgestone Tuesday for conspiring to fix the prices of rubber parts used in US-made automobiles.A federal grand jury in Cleveland, Ohio, issued the indictment accusing Yoshiyuki Tanaka, Yasuo Ryuto and Isao Yoshida of plotting with other companies to set prices and stifle competition in sales of anti-vibration rubber parts sold to Japanese automakers in the United States between 2001 and ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln