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SoftBank COO says no plan to invest in messaging app Line TOKYO: SoftBank Corp has no plans to invest in messaging application Line Corp, Ken Miyauchi, chief operating officer of Japan's No. 3 mobile carrier, told reporters on Friday. Line plans to hold a media event about its business strategy on Oct.9. That has fuelled some expectations in the banking industry that Line will unveil a strategic alliance with SoftBank and Alibaba Group Holding Ltd after attracting investment from them, the Maeil Business Newspaper reported on Thursday. A source with direct knowledge of the situation told Reuters in July that Line's parent company Naver Corp was not considering a stake sale to either of the two. Line, a popular free messaging app, has submitted applications in both New York and Tokyo for an initial public offering, according to sources familiar with the matter. Investors are closely following developments in the expected offering, which would be the first by a major chat ...

Vivendi seals final deal for sale of Brazil unit GVT PARIS: French media group Vivendi said on Friday it had signed a final agreement for the sale of its Brazilian unit GVT to Spain's Telefonica. The agreement includes the payment of 4.66 billion euros in cash, from which a bank debt of around 450 million euros and adjustments in working capital will be deducted, the statement said. Vivendi will also receive 7.4 percent of Telefonica Brasil shares, at a stock maket value of 2.02 billion ...
Google to boost Android encryption, joining Apple SAN FRANCISCO: Google and Apple on Thursday said they are hardening encryption tactics on devices powered by their mobile operating systems and tossing away the keys.The move should mean that even the government with its court-issued warrants will be blocked from getting hold of pictures, messages and other personal data stored on forthcoming Android or Apple smartphones and tablets.Google and Apple are among Internet titans intent on firming up trust shaken by revelations of massive ...
Air France scraps 60pc of flights as unions reject strike offer PARIS: French flag carrier Air France was forced to scrap around 60 percent of flights on Thursday, as unions rejected a fresh offer to end a strike now in its fourth day. Pilots' union SNPL slapped down as "largely insufficient" an offer from Air France to limit the operations of its low-cost subsidiary Transavia France, whose planned expansion has sparked the strike.And the situation will improve only marginally on Friday, with just less than half ...
Apple's iPhone 6 gets one Chinese license, needs another before sales begin BEIJING: Apple Inc's iPhone 6 received regulatory approval for use on domestic frequencies but still requires one more critical licence before it may be sold in the country, the official Xinhua news agency reported on Thursday.Apple has not yet issued an iPhone 6 release date for China, one of its most important markets, leading to widespread speculation that it has encountered difficulty obtaining the requisite licences from the Ministry of Industry and Information Technology (MIIT), ...
Air France pilots threaten to extend strike indefinitely PARIS: An Air France pilots union warned on Thursday that it could vote to extend an ongoing strike "indefinitely" if its demands are not met, as the airline was forced to cancel around 60 percent of its flights for the fourth day.The pilots are carrying out a strike over Air France's plans to expand the low-cost operations of its Transavia brand by setting up foreign bases as it seeks to fight back against fierce competition ...
Air France pilots strike enters fourth day PARIS: A pilots strike at Air France stretched into its fourth day on Thursday, with the two sides still at odds in a dispute over cost cuts that has forced the airline to cancel nearly 60 percent of its flights. The pilots are carrying out a week-long strike over Air France's plans to expand the low-cost operations of its Transavia brand by setting up foreign bases as it seeks to fight back against fierce competition ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln