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Turkish central bank injects 4bn lira in repo, bids 7.839bn ISTANBUL: The Turkish central bank injected 4 billion lira ($1.79 billion) into the market in a one-week repo auction on Thursday at a fixed simple rate of 10 percent, data showed. Bids totalled 7.839 billion lira for the repo, which matures on March 20. Copyright Reuters, 2014

Bouygues confirms improved offer for Vivendi's SFR PARIS: French conglomerate Bouygues said on Thursday it had improved its offer for Vivendi's mobile unit SFR, taking the cash portion up to 11.3 billion euros ($15.7 billion)from 10.5 billion previously, and reducing the stake Vivendi is left with in the combined telecoms business to 43 percent from 46 percent previously. Bouygues also said it was "committed to facilitate the liquidity of Vivendi's interest in the new entity." A spokesman said that meant Vivendi may ...

Hugo Boss sees 2014 earnings growth FRANKFURT: German fashion house Hugo Boss on Thursday said it expected 2014 sales and earnings to rise by a high single-digit percentage at constant currencies. Analysts polled by Reuters on average saw 2014 sales up 9.2 percent at 2.65 billion euros ($3.7 billion) and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 625 million euros, up by 10.6 percent. Hugo Boss proposed raising its dividend payment to shareholders to 3.34 per share from ...

Lufthansa confident on restructuring as Q4 profit beats expectations FRANKFURT: Lufthansa, Germany's largest airline, said it was confident of reaching the goals set out under a wide-ranging restructuring programme as it reported better-than-expected quarterly profit and restored its dividend payout. Lufthansa is aiming to increase operating profit by 1.5 billion euros ($2.1 billion) compared with 2011 via the Score restructuring programme, which includes measures such as expanding its Germanwings low-cost carrier and introducing a premium economy class on Lufthansa long-haul flights. It said on ...

China industrial output growth at five-year low BEIJING: China's industrial output rose 8.6 percent in January and February year-on-year, the National Bureau of Statistics (NBS) announced Thursday, the worst result in nearly five years.The figure, which measures production at factories, workshops and mines, was the lowest since 7.3 percent was recorded in April 2009, according to previous NBS data.Retail sales, a key indicator of consumer spending in the world's second-largest economy, gaining 11.8 percent in the two months from the year before, ...

Bank of Korea governor's comments at news conference SEOUL: South Korea's central bank kept interest rates steady at 2.50 percent for a 10th straight month on Thursday, and a firming economic recovery supported the consensus market view that the bank would begin raising interest rates later this year. Following are key remarks from Bank of Korea Governor Kim Choong-soo at a news conference, translated by Reuters: RATE DECISION: "The decision to keep rates steady was unanimous." GLOBAL ECONOMY: "The global economy is seen ...

World Bank panel rejects Venezuela's appeal over Conoco CARACAS: A World Bank panel has rejected Venezuela's request for a new hearing to contest a 2013 partial ruling that it failed to act in good faith regarding negotiations to compensate US oil company ConocoPhillips for expropriations. The dispute dates from then-President Hugo Chavez's socialist government's takeover of three oil projects in 2007. "The majority of the tribunal concludes that it does not have the power to reconsider the decision," the World Bank's International Center ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
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Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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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 23, 2015
Reserves $19.713 bln