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Sharp swings to small H1 profit TOKYO: Japanese electronics giant Sharp said on Friday it saw a small profit in the first half of its fiscal year and forecast it will stay the black for the next six months as it tries to overcome years of record losses.The Osaka-based company -- a key Apple supplier and leader in screens for smartphones and tablets -- reported a net profit of 4.7 billion yen ($43 million) for April-September, reversing its net loss of 4.3 billion yen a year earlier.Sales slipped 1.1 percent to 1.32 trillion yen, while operating profit was down 13.6 percent from a year ago, it said.The latest net profit figure was largely due to a one-time gain rather than a significant uptick in the firm's business, Sharp said.But "we also pursued management improvement on a company-wide basis, including an inventory optimisation, radical cuts in total costs and structural reform in Europe", it said in a ...

VW's Skoda Auto says 9M deliveries up by 13pc to 774,100 cars PRAGUE: Global sales at Volkswagen's Czech unit Skoda Auto rose by 13 percent to 774,100 cars in the first nine months of the year, it said on Thursday. The company said operating profit jumped 75.5 percent to 651 million euros ($818.83 million) in the period, while revenue grew by 19.3 percent to 8.8 billion euros. Copyright Reuters, 2014 ...
Hyundai Heavy loses $1.8bn in quarter, braces for worst annual loss SEOUL: South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders. Hyundai Heavy said on Thursday it slumped to an operating loss of 1.93 trillion won ($1.83 billion) in the third quarter, from a 222.4 billion won ...
Lenovo closes $2.91bn acquisition of Motorola unit from Google BEIJING: China's Lenovo Group Ltd said Thursday it has closed its $2.91 bln acquisition of the Motorola handset unit from Google Inc, paving the way for a fresh assault on the US smartphone market. The purchase comes as Lenovo, the world's leading PC maker, ramps up its effort to diversify its business and establish itself as a smartphone maker with global appeal. Google acquired the iconic smartphone brand and its prized patent portfolio in 2012 ...
Lufthansa CEO says Swiss will not be launch operator for CSeries BERLIN: Lufthansa unit Swiss will not be the launch operator for Bombardier's new CSeries jet, the German airline group's chief executive said on Thursday. "We are the launch customer but when it comes to the physical aircraft Swiss will not be the first one flying the plane," Carsten Spohr told journalists after the group reported third-quarter results. Swiss has ordered 30 of the new jet and is planning to take delivery in the second half ...
India's Bharti Q2 net profit more than doubles MUMBAI: Indian mobile carrier Bharti Airtel said second quarter net profit more than doubled to 13.83 billion rupees ($225 million), from 5.12 billion rupees a year ago, beating analysts' estimates as the country's top telecom operator added more subscribers for its mobile data services. Analysts, on average, were expecting Bharti Airtel, headed by Indian billionaire Sunil Mittal and nearly a third owned by Singapore Telecommunications, to earn 12.86 billion rupees in profit. Copyright Reuters, 2014 ...
VW profit jumps on record Audi, Porsche sales BERLIN: Germany's Volkswagen posted higher-than-expected operating profit in the third quarter, boosted by European and Chinese buyers of its luxury Audi and Porsche models.Underlying earnings at Europe's largest automotive group jumped 16 percent to 3.23 billion euros ($4.07 billion), VW said on Thursday, beating the top-end forecast of 3.09 billion euros in a Reuters poll of analysts.Buoyed by a recovery in core European markets, the German group stuck to its guidance for a 2014 operating ...


ArrowDJIA 17,195.42 1.30
ArrowNasdaq 4,566.14 0.37
ArrowS&P 1,994.65 0.62
ArrowFTSE 6,463.55 0.15
ArrowDAX 9,114.84 0.35
ArrowCAC-40 4,141.24 0.74
ArrowNikkei 15,658.00 1.67
ArrowH.Seng 23,702.04 1.49
ArrowSensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln