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Coke income falls in Q3, hit by slow economies, forex NEW YORK: Soft drinks king Coca-Cola made headway in global volume sales in its third quarter but net earnings fell sharply, hit by slower economic growth and volatile currencies.Coke reported Tuesday a slight fall in total operating revenues around the world to $11.98 billion for the quarter to September 26. Net income however dropped 13.6 percent to $2.12 billion, and earnings per share dropped to 48 cents from 54 cents. Excluding exceptional items, earnings per share were flat at 53 cents, matching the average forecast of analysts.Coke said volatile foreign exchange markets and especially the strengthening of the US dollar against most other currencies took a toll on the company. If currency swings were factored out, the company said, earnings per share would be up six percent.Still, the flat revenue showed the challenge the company faces in boosting sales and earnings in a tough global environment. It stressed the focus ...

McDonald's profit slumps, sales fall NEW YORK: McDonald's on Tuesday said profit slumped in the third quarter as global sales fell amid a food-safety scandal in China and intense competition in the United States.Net income plunged 30 percent in the July-September quarter from a year ago to $1.07 billion, the US fast-food restaurant giant said.Earnings per share of $1.09 were well below the Wall Street estimate of $1.37.McDonald's president and chief executive Don Thompson was blunt about the results: "By ...
As China gets tougher on fuel economy, some carmakers may be left behind SHANGHAI/BEIJING: Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.But many of China's smaller indigenous automakers will struggle to make the costly upgrades needed to meet the new rules, which aim to push more efficient energy use and which are expected to be toughened every year through 2020.A technology ...
Singapore Sept industrial output seen little changed on year SINGAPORE: Singapore's industrial production was probably marginally higher in September than a year earlier, a Reuters poll showed on Tuesday, after disappointing export data stirred concern about sluggish global demand.The median estimate in the Reuters survey of 13 economists was for manufacturing output to have risen 0.1 percent in September, after a 4.2 percent increase in August from a year earlier.On a seasonally adjusted month-on-month basis, manufacturing output was seen likely to slip 0.8 percent ...
Samsung's Cheil Industries IPO likely to be worth up to $1.4 billion SEOUL: Cheil Industries Inc, the de facto holding company for Samsung Group, plans for its IPO to be worth between 1.3 trillion won and 1.5 trillion won ($1.2 billion to $1.4 billion), a source with direct knowledge of the matter said on Tuesday.Preliminary plans call for shareholders to sell around 18.74 million shares while 10 million new shares will be issued, and for an indicative price range of 45,000 won to 53,000 won per share, ...
Women's pay remark trails Microsoft chief to the cloud SAN FRANCISCO: Even as Microsoft ramped up Internet "cloud" offerings for businesses, its chief continued to be dogged by a comment that women should not ask for pay raises.Satya Nadella hosted a press gathering Monday in San Francisco, where the US software titan detailed its strategy and latest moves for helping businesses tap into the power of colossal online data centers as needed.Nadella found himself fielding questions about a gaffe that has been hounding him ...
Japan air bag maker Takata plunges 16pc on US recall TOKYO: Shares in air bag maker Takata plunged 16 percent in Tokyo on Tuesday, after US authorities urged owners of vehicles with defective air bags made by the firm to seek repairs.Takata dropped 350 yen ($3.30) to 1,836 yen by the break following the latest in a string of bad news for the Japanese firm which has been under fire for serious defects in its products.On Monday, the US Transportation Department's safety agency issued a ...


ArrowDJIA 16,399.67 0.12
ArrowNasdaq 4,316.07 1.35
ArrowS&P 1,904.01 0.91
ArrowFTSE 6,267.07 0.68
ArrowDAX 8,717.76 1.50
ArrowCAC-40 3,991.24 1.04
ArrowNikkei 15,111.23 3.98
ArrowH.Seng 23,070.26 0.20
ArrowSensex 26,429.85 1.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln