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China Mobile net income falls 9.7 percent BEIJING: China Mobile Ltd, China's largest telecom provider, saw net income for the first three quarters of 2014 fall 9.7 percent to 82.6 billion yuan ($13.49 billion) amid rising competition from rival carriers and Internet-based service providers.The carrier, which has been leading China's next-generation 4G telecom network roll-out, said the number of 4G customers reached 41 million by the end of September.Copyright Reuters, 2014 ...

Philips blames Russia, China slowdowns for plunge into loss THE HAGUE: Dutch electronics giant Philips on Monday posted a 103-million-euro ($131 million) net loss on third-quarter earnings, blaming a patent lawsuit and ever-slowing markets in China and Russia."We are not satisfied with our overall performance for the third quarter," said chief executive Frans van Houten."We are facing sustained softness in a number of markets such as China and Russia. We were also confronted with an adverse jury verdict with a surprisingly high proposed award ...
Microsoft plans to launch smartwatch within weeks: Forbes NEW YORK: Microsoft Corp. is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.The wearable gadget's battery life will exceed two days of regular use, Forbes reported, citing unnamed sources close to the project. It will arrive in stores soon after being unveiled in an effort to capture the holiday season, Forbes reported.Microsoft declined to comment.Apple ...
Electrolux profit soars 42pc after cost-cutting programme STOCKHOLM: Swedish electrical appliance maker Electrolux reported its third-quarter net profit soared 42 percent to 933 million krona (102 million euros, $130 million) thanks to a cost-cutting programme started at the end of last year.Sales over the quarter increased 5.6 percent to 28.8 million krona, slightly better than the 28.4 million krona expected by analysts.Electrolux said in a statement that its European operations were performing better because of the reduced costs and improved management of ...
Germany's Metro reports 4pc fall in sales BERLIN: German retail giant Metro AG on Monday reported a four-percent decline in its yearly sales to 63 billion euros ($80 billion), largely because of a strong euro and divestments.However the group said it would still meet its pre-tax operating profit of 1.75 billion euros for its 2013-2014 financial year, the full details of which would be given on December 16.Metro, whose rivals include Wal-Mart and Carrefour, said in a statement its Metro Cash & ...
Lufthansa flights hit by strikes Monday and Tuesday BERLIN: Pilots for Lufthansa are to hold a one-day strike Tuesday that will hit long-haul flights operated by the German carrier, Europe's largest, their union said.The stoppage will deepen strike action at Lufthansa, already set to begin on Monday with a previously announced 35-hour strike impacting most of its short- and medium-haul flights.The strike will not affect Lufthansa's international subsidiaries Swiss and Austrian Airlines.The latest action is the ninth to buffet Lufthansa in less than ...
Electrolux Q3 core profit tops forecast STOCKHOLM: Global home appliances maker Electrolux posted a bigger than expected rise in third quarter core earnings on Monday but said the 2014 outlook for European market demand was running at the lower end of its forecast. The Swedish group, vying for market leadership with US Whirlpool and China's Haier, said it still expected the US market to expand 4 percent and the European to rise 1-3 percent, but for the latter market growth was ...


Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln