Just in:  

You are here: Home»Business


Australia boosts air power with $11.6bn purchase of 58 F-35s SYDNEY: Prime Minister Tony Abbott announced Wednesday the purchase of 58 more F-35 Joint Strike Fighters costing Aus$12.4 billion ($11.6 billion) in a major defence upgrade to maintain Australia's regional edge.The new aircraft will bring Australia's total JSF force to 72, with the first due to arrive in 2018 and enter service in 2020.The deal with US aerospace giant Lockheed Martin includes an option to buy a further 18 planes and is additional to the purchase of 14 F-35s Australia already approved in 2009."The fifth generation F-35 is the most advanced fighter in production anywhere in the world and will make a vital contribution to our national security," Abbott said."It will also be a very substantial boost to jobs and technology here in Australia."Abbott said the planes would cost about $90 million each but noted that one of the largest defence purchases Australia has ever made was budgeted for."This is ...

AT&T increases forecast for full-year revenue growth NEW YORK: AT&T Inc on Tuesday raised its forecast for full-year revenue growth to reflect its acquisition of LEAP wireless in March and the popularity of a new handset pricing model that charges customers for devices separately from their wireless plans.Like other carriers, AT&T is seeking growth in a nearly saturated environment, making differentiated strategies such as alternate pricing plans more crucial to attract customers. The company raised its forecast for full-year revenue growth to ...

US home re-sales hit 1-1/2 year low WASHINGTON: US home re-sales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end.The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units.Though that was the lowest level since July 2012, sales were a bit stronger than economists had expected. There ...

Crimea energy firm says better off under Russia PARIS: Crimean oil and gas producer Chornomornaftohaz sees hope for the future from its new Russian owners and the possibility of doing business with Asia, after Kiev had failed to pay it anything for well over a year, a senior executive said.Russia annexed the Crimean peninsula following a referendum last month, and Crimea took ownership of Ukrainian state assets on its territory including the region's Black Sea natural gas fields and energy company Chornomornaftohaz."Crimeans now ...

China cuts reserve requirements for rural banks BEIJING: China will cut the amount of funds rural banks must keep in reserve by up to two percentage points, the central bank said Tuesday, easing monetary policy in a bid to boost its slowing economy.The announcement comes after the government said last week that gross domestic product grew 7.4 percent year-on-year in the first quarter, sharply down from 7.7 percent the previous three months owing to a slow global recovery as well as domestic ...

UniCredit, Intesa partner with KKR on loan restructuring MILAN: Italy's two biggest banks, Intesa Sanpaolo and UniCredit, have signed a deal with US private equity firm KKR and restructuring adviser Alvarez & Marsal to create a vehicle for restructured loans, a statement said on Tuesday.An agreement to "jointly develop and implement an innovative solution" has been signed and talks on the details of the new partnership are ongoing, the four said in a joint statement.The aim is to "optimize the performance and maximize ...

Philips reports 15.0pc profit slump, flags in medical markets THE HAGUE: Electrical appliance group Philips reported a 15.0-percent slump in net first quarter profit on Tuesday, blaming a weak performance by its new strategic activities in healthcare equipment.Net profit plunged to 137 million euros ($190 million) because of a fall in underlying profit on a 12-month comparison.But this was better than the average figure forecast by analysts polled by Dow Jones Newswires who had expected a net figure of 114 million euros.Sales on a ...


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

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

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