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Factory worker turned Apple supplier now China's richest woman BEIJING: A former factory worker who founded a company supplying Apple, Samsung and other technological giants with touchscreen glass has become China's richest woman, reports said, with a fortune surpassing $8 billion.The wealth of Zhou Qunfei, chairwoman and president of Hunan-based Lens Technology, soared after the firm's debut on the Shenzhen stock exchange last month, after which its shares surged by their daily limit for 10 consecutive days.She claimed the title on Tuesday, Forbes reported.Zhou worked as a factory girl at a different glass company before starting her own business in 2003.Now 45, she owns an 89 percent stake in the firm, which had more than 80,000 employees and revenue of $3.3 billion in 2013, according to Bloomberg. It put her wealth at $7.6 billion on Tuesday -- before the shares went up another 10 percent on Wednesday.Lens primarily makes touch-sensitive glass covers for mobile phones, computers and cameras. According ...

Posco share price slumps on reported Buffet sell-off SEOUL: South Korea's largest steelmaker Posco saw its share price slump on Wednesday following a media report that Warren Buffet's Berkshire Hathaway Inc. had sold its entire stake in the company.Posco shares closed the day down 2.7 percent at 238,000 won ($216) -- the lowest level since 2006 -- extending its slide for the year to 14 percent.The sell-off was triggered by a report in the Maeil newspaper that Berkshire Hathaway had sold its estimated ...
Japan's Takeda offers $2.2bn to settle US drug lawsuits TOKYO: Japan's top drugmaker Takeda Pharmaceutical has offered $2.2 billion to settle US claims linked to its diabetes drug Actos, in what would be one of the biggest US payouts over patient lawsuits, a report said on Wednesday.Citing three people familiar with the matter, Bloomberg News said the firm has offered the huge settlement to close more than 8,000 lawsuits alleging it concealed the medicine's cancer risks.The proposal would amount to a payment of about ...
Google Maps lets you play Pac-Man WASHINGTON: Google's mapping service rolled out a gamefied version inspired by the classic Pac-Man, turning the real streets of a city into a labyrinth to gobble up pellets and ghosts.A Google spokeswoman said the game was an early April Fool's joke. It allows users to play the game featuring the popular character created in 1980 in select locations.If there are not enough roads at a given site, the game cannot be played, and Google alerts ...
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 ...


ArrowDJIA 17,776.12 1.11
ArrowNasdaq 4,900.89 0.94
ArrowS&P 2,067.89 0.88
ArrowFTSE 6,773.04 1.72
ArrowDAX 11,966.17 0.99
ArrowCAC-40 5,033.64 0.98
ArrowNikkei 19,206.99 1.05
ArrowH.Seng 24,900.89 0.81
ArrowSensex 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