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Singapore Airlines to buy five more A380s, 20 A350s: statement  SINGAPORE: Singapore Airlines is ordering five more Airbus A380 superjumbos and 20 A350s in a deal worth $7.5 billion, the airline said Wednesday.   Deliveries are due to begin in 2017, the airline said in a statement.   Copyright AFP (Agence France-Presse), 2012


Puma says 3rd quarter earnings hit by restructuring charges  FRANKFURT: German sportswear giant Puma said Wednesday that earnings plummeted in the third quarter, tripped up by heavy restructuring charges.   Puma said in a statement its booked net profit of 12.2 million euros ($15.8 million) in the period from July to September, a drop of 85.1 percent from the same period a year earlier.   Pre-tax profit plunged 81.7 percent to 21.3 million euros, despite a 6.0-percent increase in sales to 892.2 million euros.   "The implementation of the restructuring ...

Benchmark JGBs inch up but superlong underperform on fiscal fear  TOKYO: Benchmark Japanese government bonds edged higher on Wednesday, as disappointing US earnings sapped investors' risk appetite, and the superlong sector underperformed on worries about Japan's fiscal situation.   DuPont and United Technologies posted disappointing quarterly results on Tuesday, raising concerns about the impact of a global economic slowdown on earnings. Japan's Nikkei stock average lost 0.7 percent on Tuesday, snapping a seven-session winning streak, lending support to bonds.   "The rebound in JGB futures is because of falls ...

China SHANGHAI: China's money rates jumped on Wednesday, with dealers reporting tightening money conditions in the market as banks and corporates set aside money for pending income taxes.   "Liquidity is really tight today. Big banks are not willing to lend money as they face strong pressures to provide capital for companies' tax payments," said a senior dealer at a Chinese state-owned bank in Shanghai.   Enterprises usually use commercial deposits to pay taxes, which drains funds from the banking ...

Telenor reports third-quarter profit leap  OSLO: Norwegiean telecom operator Telenor reported on Wednesday a 41-percent leap in third-quarter net profit to 3.65 billion kroner (491 million euros, $638 million)), higher than analysts had expected.   But the firm lowered slightly its sales forecast for 2012, forecasting an increase of "around 4.0 percent" compared to "more than 4.0 percent," announced previously.   Third-quarter sales stood at 25.25 billion kroner, for an increase of 3.0 percent.   Net profit rose by 41.0 percent from 2.59 billion kroner 12 ...

LG Electronics swings back to profit in Q3  SEOUL: South Korea's LG Electronics reported a third quarter swing back to profit on Wednesday compared to a huge loss a year ago, after its mobile phone business moved back into the black.   Net profit of the country's second-largest mobile phone maker was 157.1 billion won ($142.4 million) for July-September compared to a net loss of 415.3 billion won in the same 2011 period, LG said in a statement. Operating profit stood at 220.5 billion won ...

Long bonds supported as earnings worry hits stocks  TOKYO: Long-dated US Treasuries kept much of the previous session's gains in Asia on Wednesday after disappointing earnings from major US firms prompted Wall Street shares to post their biggest fall in four months.   In Asia, an improved reading in China's manufacturing data prompted minor profit-taking, helping to lift yields on 10-year US notes slightly to 1.778 percent from around 1.761 percent in late U.S trade.   Still, it is well below a high of 1.819 percent hit ...


 



 
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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