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Amazon readying an attack on Google's ad business NEW YORK: US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said Friday, citing sources familiar with the matter.Amazon is developing its own program to target ads using the information it gathers about the preferences of its customers.Tests of the new platform could start later this year, the business daily said.Google is for now the uncontested top dog in online publicity, with around a 31.45 percent share of the global market this year, according to figures from research firm eMarketer.The company earns around $50 billion a year from its advertising business, compared to the just $1 billion Amazon is expected to earn this year, the Wall Street Journal said.From its beginnings as an online bookstore, Amazon has enormously expanded its activities over the years. Among other businesses, the company has become a major seller of digital content, ...

US casual-wear giant Gap to launch 40 stores in India NEW DELHI: US casual-wear retail giant Gap Inc says it will open 40 stores in India, calling the expansion "an important next step" in its global growth strategy.The San Francisco-based company, known for its relaxed-style denim and other attire, is the latest foreign company to enter India to tap its increasingly brand-conscious and expanding middle-class."India is an emerging, vibrant market and an important next step in our global expansion strategy," Gap global president Steve Sunnucks ...
New Zealand's Spark almost doubles headline profit WELLINGTON: Spark, New Zealand's largest telecommunications company, posted a 93.3 percent rise in annual net profit on Friday, with one-off items preventing the carrier slipping into negative territory.The company, which changed its name from Telecom Corp. earlier this month, said net profit for the 12 months to the end of June was NZ$460 million ($386 million).However, factoring in one-off items, including the sale of its Australian business AAPT and a restructuring charge that weighed on ...
Hyundai Motor workers to go on strike SEOUL: Workers at South Korea's largest automaker Hyundai Motor Co. will launch a limited strike Friday to press their demands for wage hikes, a union spokesman said.The Hyundai Motor union plans to down tools for two hours in the morning and two hours again in the evening on Friday, union spokesman Hwang Ki-Tae told AFP.The union has held 17 rounds of talks with management over the past two months, but has been unable to reach ...
Air Berlin seeks net profit turnaround in 3 years' time BERLIN: Loss-making German airline Air Berlin is aiming for a "sustainable" net profit within three years, although that doesn't rule out it entering the black before then, its chief executive said on Thursday. "If we say sustainable it means on a net level and with a certain margin. It doesn't mean that we would only cross into profitability in the third year, it could be earlier," Wolfgang Prock-Schauer said on a call with analysts after ...
Swiss trade surplus widens to 3.98bn sfr in July ZURICH: Exports from Switzerland rose by a real 4.5 percent in July to 19.26 billion Swiss francs (21.08 billion US dollar), the Federal Customs Office said on Thursday. Overall Switzerland ran a merchandise trade surplus of 3.983 billion Swiss francs in July. Copyright Reuters, 2014 ...
Toyota to cut prices of Lexus auto parts in China amid anti-trust concern SHANGHAI: Toyota Motor Corp said on Thursday it would cut prices of auto parts for its luxury Lexus models in China by an average 26 percent amid increasing scrutiny over anti-trust issues by the country's regulators. The price cut will be effective from Sept. 1 this year, according to a statement posted on the Lexus website in China. On Wednesday, China fined Japanese auto parts makers a record 1.2 billion yuan ($201 million) for manipulating ...


Index Closing Chg%
Arrow DJIA 17,001.22 0.22
Arrow Nasdaq 4,538.55 0.14
Arrow S&P 1,988.40 0.20
Arrow FTSE 6,775.25 0.04
Arrow DAX 9,339.17 0.66
Arrow CAC-40 4,252.80 0.93
Arrow Nikkei 15,539.19 0.30
Arrow H.Seng 25,112.23 0.47
Arrow Sensex 26,419.55 0.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln