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Japan's mobile app Line reviving IPO plans: report TOKYO: Line, the popular messaging app launched in the aftermath of Japan's earthquake and tsunami, is set for an initial public offering as early as this year, a report said Thursday, after shelving plans for a listing in 2014.The leading Nikkei business daily reported that the company has applied to trade its shares in Tokyo -- and may launch a separate New York listing -- in a sale that could value it at more than $8.0 billion.A Line spokeswoman said the company would not comment on the Nikkei report, which did not cite sources.Line applied in mid-2014 for a share sale in Japan, and said it was eyeing a US listing as well. But it pulled back in September, saying it needed to focus on growth first -- some reports said the sale was cancelled due to disagreements with its parent over details of the listing.The company, which claims more ...

Ford exec indicates desire for level playing field on labor costs DETROIT: Ford Motor Co's Americas chief indicated on Wednesday that the No. 2 US automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the union representing its hourly workers. Joe Hinrichs, speaking at a Bank of America Merrill Lynch conference, said the subject of entry-level workers, who are paid less than their veteran co-workers, will be a ...
US auto sales disappoint in March NEW YORK: US auto sales growth slowed in March, with Ford and GM reporting declines, as consumers stayed cautious through the end of a harsh winter, industry data showed Wednesday.Sales of cars and trucks rose a bare 0.6 percent from a year ago to 1.55 million units, according to figures compiled by Autodata Corp.The pickup truck and sport-utility vehicle sector still carried all the weight with a 5.3 percent rise in sales, while passenger cars ...
US private payrolls, factory data point to weak Q1 growth WASHINGTON: US private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.The economy has been slammed by a harsh winter, a strong dollar and weaker global demand. While the effects of bad weather should start to fade, dollar strength could remain a constraint and limit a rebound in output.Soft growth may ...
Factory worker turned Apple supplier now China's richest woman BEIJING: A former factory worker who founded a company supplying Apple, Samsung and other technological giants with touchscreen glass has become China's richest woman, reports said, with a fortune surpassing $8 billion.The wealth of Zhou Qunfei, chairwoman and president of Hunan-based Lens Technology, soared after the firm's debut on the Shenzhen stock exchange last month, after which its shares surged by their daily limit for 10 consecutive days.She claimed the title on Tuesday, Forbes reported.Zhou ...
Posco share price slumps on reported Buffet sell-off SEOUL: South Korea's largest steelmaker Posco saw its share price slump on Wednesday following a media report that Warren Buffet's Berkshire Hathaway Inc. had sold its entire stake in the company.Posco shares closed the day down 2.7 percent at 238,000 won ($216) -- the lowest level since 2006 -- extending its slide for the year to 14 percent.The sell-off was triggered by a report in the Maeil newspaper that Berkshire Hathaway had sold its estimated ...
Japan's Takeda offers $2.2bn to settle US drug lawsuits TOKYO: Japan's top drugmaker Takeda Pharmaceutical has offered $2.2 billion to settle US claims linked to its diabetes drug Actos, in what would be one of the biggest US payouts over patient lawsuits, a report said on Wednesday.Citing three people familiar with the matter, Bloomberg News said the firm has offered the huge settlement to close more than 8,000 lawsuits alleging it concealed the medicine's cancer risks.The proposal would amount to a payment of about ...


ArrowDJIA 17,698.18 0.44
ArrowNasdaq 4,880.23 0.42
ArrowS&P 2,059.69 0.40
ArrowFTSE 6,809.50 0.54
ArrowDAX 12,001.38 0.2
ArrowCAC-40 5,062.22 0.57
ArrowNikkei 19,034.84 0.90
ArrowH.Seng 25,082.75 0.73
ArrowSensex 28,260.14 1.08

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln