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Yahoo says quarterly profit dips to $270mn SAN FRANCISCO: Yahoo said Tuesday profit in the past quarter fell 19 percent from a year ago to $270 million, in results weaker than expected.Chief executive Marissa Mayer said the results show "that we need to work faster to ameliorate the negative trends," and added that "I remain confident in Yahoo's future."Copyright AFP (Agence France-Presse), 2014

IBM to offer iPads and iPhones for business user WASHINGTON: International Business Machines Corp will partner exclusively with Apple Inc to sell iPhones and iPads loaded with applications geared at enterprise clients this fall, the company announced on Tuesday. The announcement, just two days before IBM releases its second quarter earnings, comes as the company attempts to shift its focus to software and services as its hardware unit continues to slump, and follows a string of mobile software acquisitions. The company hopes software ...

Japan domestic demand tops capacity for first time in 6 years TOKYO: Domestic demand in Japan outpaced production capacity for the first time in six years in January-March, the Bank of Japan said in its monthly report on Wednesday, a positive sign that inflation will move toward the central bank's 2 percent target.A positive output gap will help the BOJ make the argument that it can meet its 2 percent price growth goal next year, as slack in the economy has been eliminated and domestic demand ...

Taiwan's TSMC Q2 profit T$59.7bn, beats expectations TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chip manufacturer, reported second-quarter net profit of T$59.7 billion ($1.99 billion) on Wednesday, due to increased demand from clients such as Apple Inc. The April-June result beat the T$56.5 billion mean estimate of 21 analysts polled by Reuters. The figure also compared with net profit of NT$51.8 billion in the same three months of 2013 and T$47.9 billion in the first quarter of this ...

Toyota says likely to seek damages from Nippon Steel over soot, tar stains on cars TOKYO: Toyota Motor Corp is likely to seek damages from Nippon Steel & Sumitomo Metal Corp , the automaker said, after smoke released in June from the steelmaker's Nagoya plant left soot and tar stains on Toyota vehicles parked at shipping yards. Japan's biggest automaker said on Wednesday soot and tar stuck to around 23,000 vehicles that were parked at two yards in Aichi prefecture, central Japan, after a power failure at the Nippon Steel ...

South Korea central bank chief says was too optimistic on economic outlook SEOUL: South Korea's central bank governor said he was too optimistic about the economic outlook in April, when he said the general direction of interest rates would be up should the economy stay to its growth path."You can signal a move 23 months prior (to the actual action), but if something unexpected happens in even a month's time that could change policy," said Bank of Korea Governor Lee Ju-yeol to reporters on the sidelines of ...

JGBs dip on BoJ Kuroda's view on long-term rates TOKYO: Japanese government bond prices edged lower on Wednesday, weighed by Bank of Japan Governor Haruhiko Kuroda's remarks the previous day that the current level of long-term rates was low. Kuroda, speaking to the press on Tuesday after a two-day monetary policy meeting, said long-term rates at around 0.5 percent was rather low even when considering that inflation expectations held by market participants were more conservative than the central bank's. "Even the BOJ may be ...


Index Closing Chg%
Arrow DJIA 17,051.73 0.28
Arrow Nasdaq 4,424.70 0.17
Arrow S&P 1,973.63 0.23
Arrow FTSE 6,728.44 0.31
Arrow DAX 9,612.05 1.11
Arrow CAC-40 4,304.74 0.71
Arrow Nikkei 15,215.71 1.01
Arrow H.Seng 23,387.14 0.29
Arrow Sensex 25,715.17 0.29

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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