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Hyundai Motor offers Google Android Auto system SEOUL: South Korea's Hyundai Motor said Wednesday it has become the first carmaker to offer Google's Android Auto system in its Sonata model sold in the US market.The company said US Android smartphone users with a 2015 Sonata sedan can now ask car dealers to download the system for free if they have a vehicle with navigation.Android users will be able to plug their phones into their cars and have details like navigation, messaging and calls appear on the vehicle's eight-inch touchscreen, it said.Hyundai, the world's fifth largest auto group with affiliate Kia Motors, promised to install the Android system in other models, along with Apple's version of the system called CarPlay."Android Auto aligns with Hyundai's core interior design principles of safety, intuitiveness and simplicity," Hyundai Motor America CEO Dave Zuchowski said in a statement released in California."With the launch of Android Auto, we provide more owners with the experience ...

Vietnam's Petrolimex seeks to sell stake to JX Nippon Oil HANOI: Petrolimex, Vietnam's largest oil product importer and distributor, is seeking to sell a stake of between 15 and 25 percent to Japan's JX Nippon Oil & Energy Corp , a Petrolimex executive was quoted on Wednesday as saying.The Hanoi-based firm has been accelerating talks with the Japanese company over the sale, Dinh Viet Tien, chief of Petrolimex's Supervisory Board, was quoted by the official Vietnam News daily as saying. He gave no value for ...
Singapore Airlines investigates rare power-loss incident SINGAPORE: Singapore Airlines is investigating how one of its Airbus A330-300s temporarily lost power in both Rolls-Royce engines in mid-flight, the carrier said on Wednesday.The May 23 incident occurred when Flight SQ836 hit bad weather en route to Shanghai from Singapore with 194 passengers and crew on board."Both engines experienced a temporary loss of power and the pilots followed operational procedures to restore normal operation of the engines," SIA said in a statement.The flight landed ...
Tata Motors down 4.8pc on plunge in Jan-March net profit MUMBAI: India's Tata Motors shares fell 4.8 percent in pre-open trade on Wednesday after the company's net profit more than halved in the Jan-March quarter.India's biggest automaker by revenue reported a surprise 56 percent drop in its March quarter net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market.Copyright Reuters, 2015 ...
China's BYD says plans fundraising to boost battery capacity, new models BEIJING: BYD Co Ltd plans to use funds raised in a potential private placement to boost battery production capacity and develop new models, said the Chinese automaker backed by billionaire Warren Buffett's Berkshire Hathaway Inc.BYD made the announcement via a posting on a Shenzhen stock exchange affiliated website. A company spokeswoman confirmed the posting, but declined to give further details.On Tuesday, Thomson Reuters publication IFR reported that BYD was planning to raise up to 12 ...
Thai airport operator says govt has no plan to lower stake in it BANGKOK: The finance ministry has no plan to cut its 70 percent stake in Airports of Thailand because the company's business is related to security and is performing strongly, the country's largest airport operator said.Airports of Thailand, which runs six main airports in the Southeast Asian nation, has continuously paid dividends to the finance ministry and is working on an expansion plan to meet rising travel demand, chairman Prasong Poontaneat said in a statement late ...
Bahrain sovereign fund Mumtalakat says 2014 net profit up 10.8pc DUBAI: Bahrain sovereign fund Mumtalakat posted a 10.8 percent increase in net profit in 2014, it said on Wednesday.The fund, which holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco, made 91.6 million bahraini dinars ($243 million) in 2014 versus 82.7 million dinars in the previous year.Copyright Reuters, 2015 ...

 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
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Arrow S&P 2,123.48 0.92
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln