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Spain's Telefonica in preliminary talks with BT over UK operations MADRID, Nov 24 (Reuters) - Spanish telecoms group Telefonica said on Monday it was in preliminary talks with BT over a potential transaction involving its UK unit. "Telefonica informs that, although it is in talks with British Telecom, these talks are in a highly preliminary phase and there is no certainty that a transaction will take place," the firm said in a statement to Spain's stock market regulator. Copyright Reuters, 2014 ...

Phosagro says fertiliser sales to rise by 31pc by 2020 MOSCOW: Russian fertiliser company Phosagro said on Monday it planned to increase sales of fertilisers, mainly urea, by 31 percent by 2020.Phosagro, one of the world's largest producers of phosphate fertilisers, gave the forecast in a presentation at an investor conference.Copyright Reuters, 2014 ...
SpiceJet says in talks with investors for fresh capital NEW DELHI: India's SpiceJet Ltd is in "exploratory and preliminary stage" talks with investors about raising fresh capital, the budget airline said in a regulatory statement on Monday.The airline said a few parties had approached it about making an investment but because the talks were at an early stage it would be improper to comment on the specifics of any possible stake sale.SpiceJet, which has lost money for five consecutive quarters, has been trying to ...
Tesla says in talks with BMW over car batteries, parts FRANKFURT: US electric carmaker Tesla Motors is in talks with Germany's BMW over a possible collaboration in batteries and lightweight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.In an interview published on Sunday, Musk described BMW's production of carbon fibre reinforced car body parts as "interesting" and "relatively cost efficient."BMW uses carbon fibres from its joint venture with materials supplier SGL to make reinforced passenger cell parts for its i3 electric hatchback ...
Russia's Dixy posts 90pc jump in Q3 earnings MOSCOW: Russian food retailer Dixy Group said on Monday its third-quarter net profit rose 90.4 percent year-on-year to 1.2 billion roubles ($27 million).Revenue grew 31 percent to 58 billion roubles and earnings before interest, taxation, depreciation and amortisation rose 56 percent to 4.3 billion roubles, Dixy said in a statement.Copyright Reuters, 2014 ...
Allianz Australia says named preferred buyer for Territory Insurance FRANKFURT: German insurer Allianz's Australian unit was chosen as the preferred buyer for the state-controlled property and casualty company Territory Insurance Office, Allianz said in a statement on Monday. Territory Insurance is the market leader in Australia's Northern Territory with 2013 gross premiums of around A$130 million ($113 million). Allianz Australia attracted A$3.9 billion in premiums in the same period, the company said.Copyright Reuters, 2014 ...
BHP eyes copper growth to offset dimming iron ore outlook SYDNEY: BHP Billiton is laying the groundwork for a dramatic rise in copper production in a drive to buffer its exposure to sagging iron ore, oil and coal markets.BHP Billiton Chief Financial Officer Peter Beaven said $4 billion in new equipment under construction at the company's Escondida mine in Chile, coupled with expansion work at the Olympic Dam mine in Australia could yield hundreds of thousands of additional tonnes of copper per year.Iron ore prices ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln