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Danske Bank to make goodwill impairment of around $1.5bn COPENHAGEN: Danske Bank, said it expects to make goodwill impairments of around 9 billion Danish crowns ($1.5 billion). Denmark's biggest financial institution said the goodwill impairments relate to Danske Bank's activities in Finland, Northern Ireland and Estonia. It also confirmed its guidance for a 2014 full-year net profit of between 11.5 billion and 13.5 billion crowns excluding the effect of goodwill impairments. Copyright Reuters, 2014

Fed faces big decision over a few choice words NEW YORK: Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and effectively bet the United States will continue to shine in a gloomy global economy. In one of the last major wild cards for financial markets in 2014, the US central bank's policy-setting committee is to issue the statement and fresh economic forecasts on Wednesday ...

Indonesia's annual auto sales drop 18.4 percent y/y in November JAKARTA: Indonesia's auto sales in November dropped 18.4 percent from a year earlier, the third straight monthly decline, as demand eased after a hike in fuel prices, data from industry association Gaikindo showed on Monday.On a monthly basis, sales also fell 13.4 percent compared with a 2.6 percent increase in October.Rupiah depreciation also weakened demand for completely built up (CBU) cars.In November, Toyota Motor Corp led sales, followed by Daihatsu Motor Co Ltd, and Honda ...

Volvo to launch online car sales in marketing shift PARIS: Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. The Swedish carmaker, controlled by China's Geely, will gradually introduce web sales and spend more on digital advertising, it said as it outlined changes to its global marketing strategy on Monday. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief ...

Thai central bank seen holding key rate again on Wednesday BANGKOK: Thailand's central bank is expected to leave its policy interest rate steady again on Wednesday, its final meeting for this year, a Reuters poll showed.The central bank's one-day repurchase rate has been kept at 2 percent since a 25 basis point cut in March to help confidence. The army seized power in a May coup, saying it had to restore stability.At its Nov. 5 meeting, the Bank of Thailand's monetary policy committee voted 6-1 ...

Australia new vehicle sales dip 0.6pc in November SYDNEY: Australian new vehicle sales dipped in November but still topped the one million mark for the year so far, the Australian Bureau of Statistics reported on Monday. The data showed 91,869 new vehicles were sold in November, seasonally adjusted, down 0.6 percent from October when sales had eased 1.8 percent. Sales were down 3.8 percent on November last year. Sales of passenger vehicles fell 1.1 percent in the month, but demand remained solid for ...

Australia's major banks close Sydney CBD branches due to hostage crisis SYDNEY: Commonwealth Bank of Australia , Westpac Banking Corp and Australia and New Zealand Banking Group said they had shut their Sydney CBD branches on Monday after a number of hostages were taken in a central city cafe. "Due to the police operation in Martin Place Sydney, 12 Westpac branches in Sydney CBD will be closed for the rest of today," Westpac said in a tweet. CBA and ANZ posted similar messages. Dozens of heavily ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

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