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India's SpiceJet to choose between Airbus and Boeing for plane order DUBAI: India's SpiceJet is in talks with Boeing and Airbus to buy more than 150 planes, the airline's chairman said on Sunday, predicting he would decide which manufacturer to place the order with by the end of March 2016.Such an investment would cap a remarkable turnaround for India's second-biggest budget airline by market share, which came close to collapse late last year after running out of cash.Co-founder Ajay Singh subsequently bought back into the airline, acquiring a controlling stake. SpiceJet has reported profits in the past three quarters, having made losses in the five preceding quarters.Singh now wants to more than quadruple the carrier's fleet from 41 aircraft at present."We are in the process of placing a large aircraft order; the airline will order in excess of 150 planes - we hope to do that in this financial year," SpiceJet's chairman and managing director Singh told a news conference in ...

Google Balloons set to launch on Jan 1 Google is gearing up to bring its Project ‘Loon’ in practical phase as it plans to release internet balloons all over U.S. The balloons which were reported to being produced in a secretive lab are thought of as a new step by Google to provide internet access to customers over a large area.Project Loon is a network of balloons traveling on the edge of space, designed to connect people in rural and remote areas, help ...
IBM diversifying After Google Maps’ success, various companies are trying various methods to overcome the feat of Google. IBM being one such company is on its way to do just that. The new program revolves around weather impacts on business and for the time being it has been labeled as ‘Weather Maps’, though with no relation to Google as IBM is the one developing it.Business Insider reported that after securing the initial partnership IBM's Inhi Suh, VP ...
Facebook ramps paid leave time for new dads SAN FRANCISCO: With Facebook co-founder Mark Zuckerberg about to become a dad, the social network boosted the amount of time fathers can take off to bond with their new babies.Beginning with the new year, dads working full-time for Facebook anywhere in the world will have the option of taking four months' paid leave.All new dads working for Facebook outside the US currently get a minimum of four weeks' paternity leave, with more time offered in ...
LG Display plans multi-billion OLED plant SEOUL: South Korea's LG Display said Friday it planned to invest close to $9.0 billion in a new plant to produce organic light-emitting diode (OLED) displays, anticipating a surge in demand for the ultra high-definition technology.Total investment in the plant, to be built in Paju near the border with North Korea, is expected to top 10 trillion won ($8.7 billion), the company said.Expenditure in the first stage has been set at 1.84 trillion won, with ...
VW's Audi suspends two engineers in emissions probe BERLIN: Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States, Audi CEO Rupert Stadler said in a newspaper interview published on Thursday. Volkswagen (VW) and Audi notified US authorities last Thursday that about 85,000 vehicles with 3.0 litre V6 diesel engines were fitted with emissions-control equipment that was not disclosed to US regulators. The news widened a scandal at parent VW which ...
Italy shakes up management at state railway before sale ROME/MILAN: The entire board of Italy's state railways resigned on Thursday in a move that gives the government a free hand to appoint a new management team to drive forward its privatisation plans. The Treasury said it expected to appoint new directors soon. The widely expected shake-up comes three days after Rome announced plans to sell a 40 percent stake in the rail company and list it in Milan. According to the government's schedule, Ferrovie ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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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