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China says June industrial profits +17.9pc yr/yr SHANGHAI: Profits earned by Chinese industrial firms rose 17.9 percent in June to 588.08 billion yuan ($94.98 billion) from a year earlier, up sharply from an 8.9 percent rise in May, the National Bureau of Statistics said.For the first six months of 2014, profits rose 11.4 percent from the same period last year to 2.86 trillion yuan, the bureau said in data released on Sunday. Recent data reinforced market expectations that the world's second-largest economy is powering through its recent soft patch as the government uses targeted measures to support growth. Copyright Reuters, 2014 ...

Connor Healthcare makes takeover offer for Acurity Health WELLINGTON: Connor Healthcare Ltd said on Monday that it would make a takeover offer for New Zealand private hospital operator Acurity Health Group Ltd.Connor, which is being joined by Austron Ltd and Evolution Healthcare Pty Ltd and already owns 70.7 percent, said it would offer NZ$6.50 a share for the rest of Acurity, a 24 percent premium to its NZ$5.25 closing price on Friday.The offer values Acurity at NZ$112.2 million ($95.95 million).Copyright Reuters, 2014 ...
Hutchison withdraws Austrian telecoms auction appeal VIENNA: Hutchison Whampoa's Austrian telecoms unit, Drei, has withdrawn its appeal against the result of a 2 billion euro ($2.69 billion) frequency auction, it said on Sunday.Drei said it withdrew the appeal at the end of June as it saw signs that some of the auction proceeds would be invested in broadband infrastructure in Austria."We are still convinced that the auction process was illegal in form and content," Drei's Chief Executive Jan Trionow said in ...
Danone to sell medical nutrition unit to Hospira : FT PARIS: French dairy group Danone is in talks to sell its medical nutrition business to US group Hospira in a deal valuing the unit at about $5 billion, the Financial Times reported on Sunday, citing people familiar with the situation.The business paper said on its website that no deal was certain and that the talks were ongoing. Contacted by Reuters, a spokesman for Danone in Paris declined to comment. No one at Hospira immediately returned ...
Audi cuts spare-part prices in China amid anti-monopoly probe SHANGHAI/BEIJING: Volkswagen AG's premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.The National Development and Reform Commission (NDRC), China's state planner, is investigating the industry amid domestic media complaints that foreign carmakers, using a dominant market position, are overcharging Chinese customers on products and spare parts."As a premium market leader Audi has made the price ...
Dubai's Arabtec Q2 net up 11pc, misses estimates DUBAI: Arabtec, the construction company at the centre of Dubai's stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts' estimates.Net profit climbed to 103 million dirhams ($28.1 million) in the three months to June 30 from 92 million dirhams a year earlier, the company said in a statement. Analysts polled by Reuters had on average forecast 111 million dirhams. Revenues jumped 51 percent to 2.41 billion dirhams on the ...
Bahrain's Batelco Q2 net profit slips on competition, one-off costs DUBAI: Bahrain Telecommunications Co (Batelco) posted a 22.4 percent drop in second-quarter profit on Sunday, according to Reuters calculations, hurt by continued intense competition in core markets and one-off adjustments. The former monopoly made a net profit of 10.4 million dinars ($27.6 million) in the three months to June 30, down from 13.4 million dinars in the year-earlier period. Batelco didn't provide a quarterly breakdown so Reuters based its calculations on its first-half financial statement. ...

 



 
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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