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BMW to raise car prices in India by up to 3pc starting 2016 NEW DELHI: German carmaker BMW will raise the prices of its BMW- and Mini-branded cars sold in India by up to 3 percent starting Jan. 1, 2016, the company's local unit said on Thursday.BMW Group India has 39 dealerships across the country selling 20 BMW models, including the 5 Series, 7 Series, BMW X1 and BMW X3. It also sells four variants of the Mini.Copyright Reuters, 2015 ...

AirAsia reports Q3 net loss, hit by Indonesia and weak currencies KUALA LUMPUR: AirAsia Bhd swung to a third-quarter loss due to foreign exchange losses and a writedown at its lossmaking Indonesian associate as Asia's biggest budget airline seeks to address market concerns over high debt and dues owed by its affiliates.The Malaysia-based group booked prior-year unabsorbed losses of 469 million ringgit ($111 million) in July-Sept for its Indonesian associate, while the company's foreign exchange losses soared to 436 million from 153 million a year ago.For ...
Mobilink merges operations with Warid Telecom The biggest merger of Telecom industry took place on Thursday when the country’s largest cellular phone operator, Mobilink, and Warid Telecom merged their operations.According to local media reports, under the terms of the deal, Mobilink will first buy all of Warid. The Dhabi Group shareholders will then take a 15 percent stake in Mobilink. When the transaction is complete, the parties will merge Warid into Mobilink. Mobilink Chief Executive Jeffrey Hedberg will become the CEO ...
PetroChina sells pipeline stake amid reforms push SHANGHAI: State-owned Chinese oil giant PetroChina will sell half of a subsidiary that operates pipelines across central Asia for $2.4 billion, it said, raising hopes of possible reforms among nationalised firms.PetroChina's Trans-Asia Gas Pipeline has pipelines connecting China with countries including Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan.It is expected to have an 8,000 kilometre network with an annual capacity of 85 billion cubic metres by 2020.The 50 percent stake will be sold to another state-owned firm, ...
PlayStation 4 console sales top 30 million SAN FRANCISCO: Sony on Wednesday announced that PlayStation 4 video game consoles have sold at a furious pace, topping 30 million units worldwide.PS4 has seen the fastest and strongest adoption since the first generation of the video game console was introduced in late 1994, according to Sony Computer Entertainment (SCE).Some 30.2 million PS4 consoles were sold worldwide as of November 22, according to SCE.Microsoft has not released recent Xbox One console sales figures, which have ...
GM, law firm can keep ignition switch documents secret NEW YORK: General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge ruled on Wednesday.Despite finding "probable cause" to believe GM committed a crime or fraud by hiding the defect from regulators and the public, US District Judge Jesse Furman found no showing that the ...
Brazil sells rights to run 29 hydropower plants for $4.51bn SAO PAULO: Brazil sold operation rights for all the existing hydropower plants it offered to power companies and investors in an auction on Wednesday for 17 billion reais ($4.51 billion), taking an important step to reorganize the power sector and to boost its accounts before the year ends. The Brazilian government promoted the auction to find new operators for 29 hydropower installations with expired or nearly expired licenses, aiming also to raise crucial revenue for ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln