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VW US brand sales up 2.4pc in July on Golf demand FRANKFURT: Volkswagen's core division sold 2.4 percent more vehicles in the United States in July, powered by demand for the Golf hatchback. Deliveries of VW brand cars in the world's second-largest auto market rose to 31,300 vehicles from 30,553 a year ago, limiting the year-to-date decline to 1.9 percent, VW said on Monday. Copyright Reuters, 2015 ...

India's Hero MotoCorp reports 33pc rise in Q1 profit NEW DELHI: Hero MotoCorp Ltd, the world's largest seller of two-wheelers, posted a 33 percent rise in its fiscal first quarter net profit, beating analyst expectations. The company, which sells about one in every two motorbikes in India - mainly in the countryside, said profit in the June quarter rose to 7.50 billion rupees ($117.3 million), up from 5.63 billion rupees a year earlier. Analysts on average expected the company to post a profit of ...
Hyundai Motor US July sales up 6pc at 71,013 vehicles DETROIT: Hyundai Motor Co said its US July sales set a company record at 71,013 vehicles, up 6 percent. The company issued only its topline sales figure and will issue its full sales release later Monday, a company spokesman said in a post on Twitter. Copyright Reuters, 2015 ...
Fiat Chrysler US sales up in July NEW YORK: Automaker Fiat Chrysler reported higher US auto sales in July behind strong sales in its Jeep brand and some sedan products.July sales came in at 178,027 vehicles, up 6.2 percent from the year-ago period and about 2,100 above the level projected by online car site Edmunds.FCA said several brands under the Jeep line scored strong sales, include its flagship Jeep Grand Cherokee, which notched a five percent rise.FCA said sales were also strong ...
Nokia selling mapping service Here to German car makers for 2.8bn euros FRANKFURT: Finnish telecoms group Nokia is selling its mapping service Here to German car makers BMW, Audi and Mercedes-Benz for 2.8 billion euros ($3 billion), it said Monday.The sale "should be concluded in the first quarter of 2016", Nokia said in a statement, claiming that it will bring the company a profit of 2.5 billion euros. The three German car makers said in a separate statement that they will hold equal shares in Here.Here -- ...
Apple pushed down to 3rd in China smartphones for Q2 SHANGHAI: Two Chinese smartphone makers pushed US technology giant Apple into third place in the world's biggest market in the second quarter, an independent analyst firm said Monday.Upstart Xiaomi, known for delivering high-performance products at cheap prices, was the largest smartphone vendor in China based on shipments with a 15.9 percent market share in the April-June period, Canalys said in a press release.Telecom equipment maker Huawei was close behind at 15.7 percent, it said, followed ...
Heineken profits rocket by 81pcsays brewer THE HAGUE: Dutch brewer Heineken said Monday its first quarter profits had almost doubled, with net earnings rising by 81 percent to 1.14 billion euros.The big rise in profits was driven by higher sales and a big tax gain on the sale of its Mexican packaging arm.Copyright AFP (Agence France-Presse), 2015 ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln