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Google's Schmidt says talking to glasses can be weird, inappropriate CAMBRIDGE: Google Inc Executive Chairman Eric Schmidt has been playing with his company's new combination glasses and mobile computer and said he finds the experience a little weird.Talking out loud to control the Google Glasses via voice recognition is "the weirdest thing," Schmidt said in a talk on Thursday at Harvard University's Kennedy School of Government.People will have to develop new etiquette to deal with such products that can record video surreptitiously and bring up information that only the wearer can see, Schmidt said."There are obviously places where Google Glasses are inappropriate," he said.Google is making the glasses available to software developers this year but has said they won't be available more broadly until 2014.Google has decided that it will pre-approve all apps offered to glasses users, unlike its more wide open market for Android phones and tablets."It's so new, we decided to be more cautious," Schmidt said. "It's always ...

Honda, Mazda poised to expand, but face high costs in build-out TOKYO: Honda Motor Co Ltd and Mazda Motor Corp are both likely to post near-record profits this financial year as they take advantage of export-friendly currency moves, but will face a fresh challenge: high costs of expansion. The Japanese carmakers, due to report quarterly profit figures on Friday, are cranking up the pressure on South Korea's Hyundai Motor Co and other foreign rivals. Analysts expect Honda, the third biggest-selling Japanese automaker, to post January-March profits ...

Barclays vows to crack down on excess pay LONDON: Barclays promised a rigorous review of executive pay on Thursday, as shareholders at the bank's annual meeting criticised the new management, unconvinced that the paying of big bonuses will be abandoned as part of a new ethical drive.Chief Executive Antony Jenkins, drafted in last year to tear up Barclays' profits-at-all-costs culture, told shareholders it would take time for them to see the benefits of his multi-billion-pound overhaul.But evidence of patience was thin on the ...

Pharma giant Novartis working on H7N9 vaccine GENEVA: Swiss pharmaceuticals giant Novartis is researching a vaccine for the H7N9 strain of bird flu, its chief executive said Thursday, amid fears that the disease could mutate into a form that spreads among people.In an interview with the Swiss daily Tagesanzeiger, Joe Jimenez said that Novartis had already analysed the virus' genetic codes, which have been published by Chinese authorities.Jimenez said that Novartis "would today be in a position to develop a vaccine for ...

Harley-Davidson posts higher profit, stock rises 3pc NEW YORK: Harley-Davidson Inc reported profits on Thursday that were in line with expectations and kept its full-year shipment forecast unchanged as its five-year-long restructuring effort continued to boost its financial performance.The Milwaukee-based motorcycle maker posted a first-quarter profit of $224.1 million, or 99 cents a share, up from $172.0 million, or 74 cents a share a year ago. The gains came even as dealer retail sales in several key markets showed signs of weakness. ...

Google Trends foretells stock movements: study PARIS: Google Trends, a tool that looks at patterns of searches on the Internet, is a potential money-spinner for investors as it provides hints of impending stock movements, a study said on Thursday.Researchers led by Tobias Preis at Warwick Business School in central England analysed data from Google Trends from 2004 to 2011.They looked at the volume of searches for 98 terms, such as "metals," "stock," "finance," "forex," "house," "unemployment" and "health" as well as ...

Bank of China Q1 net profit up 8pc, meets expectations HONG KONG: Bank of China , the country's No.4 lender, reported earnings in line with expectations on Thursday as income from advisory work helped to offset weaker loan growth.The bank said it made a net profit of 39.8 billion yuan ($6.44 billion) in the January-March quarter, in line with expectations for a 39.5 billion yuan profit, according to a Reuters survey of six analysts. The net result was up 8 percent from its 36.8 billion ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln