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Google to build 600mn euro data centre in the Netherlands AMSTERDAM: Google will build a 600 million euro (773.58 million US dollar) data centre in the northern Netherlands, the company said on Tuesday. Spokesman Mark Jansen said part of the the server park will start operating in the second half of 2016 and will create 150 permanent jobs. Google has three large European data centres in Ireland, Finland and Belgium. The Eemshaven facility will span 44 hectares and was chosen because of stable Dutch energy supplies, Jansen said. Copyright Reuters, 2014 ...

India's JSW Steel to import 10mn tonnes of iron ore due to local shortage NEW DELHI: JSW Steel Ltd, India's third-largest maker of the alloy, will import 10 million tonnes of iron ore this fiscal year due to a domestic shortage, a senior official said on Tuesday. The company, led by billionaire Sajjan Jindal, had earlier planned to import 6 million tonnes in the fiscal year through March 31. CNBC TV18 earlier reported the news. "After having seen a severe shortage in India and unreasonable prices in the country, ...
Apple counters talk it will shut Beats music service SAN FRANCISCO: Apple on Monday refuted talk that it plans to close the Beats streaming music service it acquired as part of a $3 billion-deal earlier this year.In statements released to website Re/code and other technology news venues, Apple dismissed talk of shutting Beats as untrue.However, it did not address whether the "Beats" name might be abandoned in favor of meshing the service into one bearing the California company's powerful "iTunes" brand.Apple is believed to ...
IAG finalises deal for 8 Airbus A330s worth $1.5bn LONDON: International Airlines Group said Monday it has finalised a deal to buy eight long-haul Airbus A330-200 aircraft worth $1.48 billion (1.15 billion euros) at list prices for Spanish unit Iberia.The company, which is based in London and also owns British Airways, revealed in a statement that it had decided to convert eight options that were previously announced in 2011.IAG said it had negotiated a "substantial discount" from list prices for the aircraft, which will ...
Retailer Tesco suspends executives after profit error LONDON: The new head of Britain's biggest retailer Tesco has suspended four senior executives and launched an independent investigation after the troubled supermarket revealed Monday it had massively overestimated profits.Following preliminary investigations into its UK food business, Tesco said its profit for the six months to August 23 "was overstated by £250 million ($408 million, 318 million euros)".The company did not specify which profit indicator this referred to.It has previously forecast its half-year trading profit ...
Siemens to buy Dresser-Rand to tap US shale gas boom FRANKFURT: Germany's Siemens has agreed to buy US oilfield equipment maker Dresser-Rand for $7.6 billion in cash, aiming to catch up with arch-rival General Electric in a booming US shale gas market. The acquisition, which ranks among the biggest in the history of the German industrial group, will strengthen Siemens' position in the United States, its weakest region, and focus the group more tightly on its industrial customers. Siemens embarked on a corporate overhaul in ...
Japan's electric utilities face cost hit on falling yen TOKYO: Japanese electricity utilities, already reeling from high fossil fuel bills to replace idled nuclear units after the Fukushima disaster, are being hit further by the falling yen, which is increasing costs that can't be recouped, executives said.Tokyo Electric Power Co, Kansai Electric Power Co and other regional monopolies are having to shell out more for imports of fuel that is priced in US dollars as the yen hovers near six-year lows.Under a complex formula, ...

 



 
IndexClosingChg%
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Banking Review 2013


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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