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Malware infection on Apple's App Store: China's Tencent BEIJING: Hackers have infected one of China's most popular social media applications on Apple's App Store, Chinese Internet firm Tencent said, after dozens of programmes were reportedly affected by a rare breach in the US giant's security.WeChat, an instant messaging application developed by Tencent, has hundreds of millions of users in China and around the world."A security flaw, caused by an external malware, was recently discovered affecting iOS users only on WeChat version 6.2.5," Tencent said in a statement posted on the Wechat blog, adding the flaw had been repaired."There has been no theft and leakage of users' information or money," the statement issued at the weekend said. iOS is the operating system used by Apple's hugely popular iPhone and iPad devices.Citing US-based cybersecurity firm Palo Alto Networks, the Wall Street Journal said that the attack affected more than three dozen apps.Apps infected by the malware -- code-named XcodeGhost -- ...

Foxconn asks Apple to join bid to buy Sharp's LCD ops: report TOKYO: Taiwan electronics giant Foxconn has proposed taking over troubled Japanese behemoth Sharp's display business, the Nikkei business daily reported Monday, and has urged Apple to join the deal. Under the new proposal, Foxconn -- an Apple supplier -- would take a majority stake in Sharp's liquid crystal display company, the Nikkei said.The company has also urged Apple to make an investment as part of the proposed deal, according to the report.The Nikkei did not ...

US auto workers get first raise in a decade DETROIT: US auto workers won their first raise in a decade in a deal with Fiat Chrysler's US subsidiary that will be used as a template for talks with General Motors and Ford, their union said Friday.The United Auto Workers union succeeded at clawing back some of the major concessions made in order to help the Detroit Three carmakers survive the 2008 financial crisis. But while the wage gains are significant, the UAW was not ...

Brazil central bank to sell as much as $3bn on spot market Monday RIO DE JANEIRO: Brazil's central bank on Friday said it plans to sell as much as $3 billion on the currency spot market with repurchase agreements at two auctions on Monday. The first auction will offer dollars for repurchase on April 4, 2016 and run from 10:20 a.m. (1320 GMT) to 10:25 a.m., and the second auction will offer dollars for repurchase July 5, 2016 and run from 10:40 a.m. to 10:45 a.m. Copyright Reuters, ...

Euro zone bond yields fall 10-15 bps as Fed keeps money free LONDON: Euro zone government bond yields dropped by more than 10 basis points on Friday after the US Federal Reserve prolonged the era of nearly-free money amid concerns about a weak world economy.The US central bank said on Thursday that an array of global risks and other factors had convinced it to delay what would have been the first rate increase in nearly a decade. The Fed maintained its bias towards a rate rise this ...

US accuses Volkswagen of cheating on pollution controls NEW YORK: US regulators charged Volkswagen on Friday with manufacturing vehicles designed to evade government pollution controls and said the German auto giant should fix nearly 500,000 cars with the defect.Volkswagen designed software to meet clean-air standards during official emissions testing, but that turned off during normal operations, US and California regulators charged. As a result, the diesel cars emit greater-than-allowed quantities of pollution linked to smog and various health ills."Using a defeat device in ...

Apple to launch online payment in China: report SHANGHAI: Apple will launch an online payment service in China, media said, as the tech giant seeks to expand in its largest market outside of the US despite fierce competition from local rivals.An Apple Company offering online payment has launched in the Shanghai Free Trade Zone (FTZ), an area set up as a testbed for financial reforms, China News Service reported late Thursday.Apple didn't give a date for the launch, but the company told AFP ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln