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Brazil steelmaker CSN board approves share buyback SAO PAULO: The board of Brazilian steelmaker Cia Siderurgica Nacional SA, or CSN, approved the buyback of 32,770 shares, according to a securities filing on Tuesday. The buyback offer goes from April 1 until June 30, the filing said. The shares to be bought back are equivalent to 5.2 percent of those in the market. Copyright Reuters, 2015 ...

Microsoft unveils low-cost Surface 3 tablet WASHINGTON: Microsoft on Tuesday unveiled a low-cost version of its Surface tablet computer, cutting the screen size of the device which starts at $499.The new Surface 3 will cost less than the $799 starting price for the Surface Pro 3 introduced last year, but will also have a less powerful processor and lack some other features.The new device comes with a screen of 10.8 inches, making it smaller than the earlier 12-inch screen versions of ...
Pilot told Lufthansa in 2009 of 'previous episode of severe depression' BERLIN: Lufthansa said Tuesday that the co-pilot of the crashed Germanwings jet had informed the airline in 2009 that he had previously suffered from severe depression.The airline said it had handed additional documents, in particular medical and training documents, to prosecutors in the western city of Duesseldorf after "further internal investigations".These also included email correspondence from co-pilot Andreas Lubitz to his flight training school, where he, at one point, interrupted his pilot training for several ...
China's Huawei Technologies 2014 profit grows 33pc HONG KONG: China's Huawei Technologies Ltd reported a 33 percent rise in its 2014 net profit, as the global adoption of fourth-generation (4G) mobile technology boosted sales for the world's No.2 telecommunications equipment maker.Global revenue rose 21 percent from a year ago to 288.2 billion yuan ($46.51 billion) in 2014 for Huawei and is expected to jump another 20 percent this year, the Shenzhen-based company said.Net profit rose to 27.9 billion yuan last year, in ...
Hyundai Motor chairman gets 2pc pay rise in 2014 at $5.2mn SEOUL: Hyundai Motor Co Chairman Chung Mong-koo received a 2 percent pay rise to 5.72 billion won ($5.2 million) in 2014, a year that saw weakness in the rouble and yen contributing to sluggish earnings at the South Korean automaker.The 77-year-old son of the late founder presided over Hyundai's role in a $10 billion property purchase last year, triggering a drop in the automaker's share price which an increased dividend and stock buyback failed to ...
Siemens sticks to forecasts despite energy woes: source MUNICH: Germany's Siemens remains on track to reaffirm its full-year forecasts when it reports quarterly results in May, even as problems at its energy business continue to weigh on earnings, a senior company source said on Tuesday."Business is running exceptionally stably, according to plan," the source said. The industrial group has targeted an operating profit margin of 10-11 percent for the year ending this September and a 15 percent rise in earnings per share.Problems in ...
Kingfisher to shut British home-improvement stores LONDON: Kingfisher, Europe's biggest home-improvements retailer, said Tuesday it would close 60 stores in Britain and Ireland, a day after pulling out of a takeover for French chain Mr Bricolage.British group Kingfisher, which owns the chains B&Q and Screwfix in Britain as well as Castorama and Brico Depot in France, said it would close the stores over the next two years at a restructuring cost of £350 million ($517 million, 481 million euros). Neither the ...


Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07

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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