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IBM's Watson advises US soldiers on life after service SAN FRANCISCO: IBM's Watson supercomputer is putting its real-world smarts to work helping US soldiers transition back to civilian lives.Virtual intelligence created by IBM and proven in a victorious run on trivia television game show "Jeopardy" has been woven into a Watson Engagement Advisor application to counsel members of the military and their families how to smartly manage shifting to life after stints in the service.USAA, which provides insurance, investment, retirement and other financial services to members of the US armed forces is fielding what was billed by IBM as the first commercial Watson application."Putting Watson into the hands of consumers is a critical milestone toward improving how we work and live," IBM Watson Group senior vice president Mike Rhodin said in a release Tuesday."We believe this new service can help men and women who served their country gain timely and relevant insights into the steps they need to successfully ...


Morgan Stanley chief marketing officer leaves after 9 months NEW YORK: Susan Smith Ellis has left Morgan Stanley nine months after becoming the chief marketing officer of the Wall Street bank, a spokeswoman confirmed on Tuesday. Ellis was responsible for firm-wide marketing, including global events and client functions.She joined Morgan Stanley as part of its transition from an investment bank for mainly institutional clients to one involving thousands of retail investors following its Smith Barney acquisition. Ellis could not be reached for comment.The reason ...

Kia in talks to open $1.5bn Mexico plant MEXICO CITY: South Korean automaker Kia Motors Corp is in talks with Mexico to open a new, $1.5 billion auto plant, officials of the northern state of Nuevo Leon said on Tuesday. Rolando Zubiran, secretary of economic development in Nuevo Leon, said negotiations on the plant were under way and involved Nuevo Leon, the Mexican federal government and Kia, an affiliate of Hyundai Motor Co. "It's more than $1.5 billion," Zubiran said, referring to the ...

Microsoft sees end to Nokia losses, shares rise after hours SEATTLE: Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade. The world's largest software company reported a 7 percent dip in quarterly profit on Tuesday, chiefly due to incorporating the struggling handset business of the Finnish mobile pioneer. Microsoft's chief financial officer said in a call with analysts that the company plans to take $1 billion in costs out ...

JPMorgan names former Citi executive Krause to lead China bank HONG KONG: JPMorgan Chase & Co said on Wednesday it named Brett Krause to head its locally incorporated bank in China, adding to other recent hires as it rebuilds its leadership team in the country. Krause, a 20-year banking veteran, was hired as president of JPMorgan Chase Bank (China) Company Limited, the New York-based bank said in an e-mailed statement. He joined JPMorgan in January and previously held leading roles at Citigroup, including senior country ...

BoJ Deputy Governor Nakaso says end of deflation in sight SHIZUOKA: Bank of Japan Deputy Governor Hiroshi Nakaso said the country was eyeing an end to deflation as rising wages and inflation expectations allow companies to increase prices of their goods, signalling confidence over a sustained economic recovery. But he voiced caution over sluggish exports and stressed that the world's third-largest economy is only halfway to meeting the central bank's 2 percent price target, suggesting that the BoJ is nowhere near to withdrawing its massive ...

Apple profit climbs along with iPhone sales SAN FRANCISCO: Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results.The California-based company posted a profit of $7.7 billion on revenue of $37.4 billion in the three months period to June 28, an increase of 11.6 percent from a year ago.Apple said it sold 35.2 million iPhones in the quarter, a rise of nearly 13 percent from the ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln