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Delta eyes Asia alliances, sees limited US consolidation TOULOUSE: Delta Air Lines is interested in forging alliances with carriers in Asia, the airline's president said on Thursday. Ed Bastian, speaking at a media event in France, also said he expected Italy's Alitalia to remain part of a transatlantic joint venture with Delta and Air France-KLM despite its growing ties with new 49 percent shareholder Etihad. "We are constantly pursuing opportunities where we can find good matches. In Europe we have partners and great coverage ... Alitalia is still in our partnership and we are going to continue that way, so there is no change." The tie-up between Alitalia and Etihad has however caused some friction between Air France-KLM and the Italian carrier. On future partnerships, Bastian said: "I think there may be some opportunities in Asia that arise". Delta is already a partner of Korean Air Lines and may seek to strengthen that, he added. Bastian predicted further ...

Google unveils Android Pay in fresh challenge to Apple SAN FRANCISCO: Google on Thursday unveiled its pay-with-a-phone system for Android devices, ramping up its challenge to Apple in mobile payments.Android Pay, unveiled at the Google Developers conference in San Francisco, brings together mobile carriers, payment networks, banks and retailers to allow smartphone users to use their handsets instead of payment cards.Google engineering vice president Dave Bruke said Android Pay would work in more than 700,000 US retail outlets that accept contactless payments."We are at ...
Etihad profits up 52pc in 2014 ABU DHABI: Etihad Airways net profits surged by more than half in 2014 to $73 million, the Abu Dhabi-based carrier said Thursday, buoyed by increased passenger numbers and further expansion into the European market.Revenue for the fast-growing carrier rose 26.7 percent to $7.6 billion, with net profits increasing 52.1 percent from $48 million in 2013, Etihad said in a statement.The airline said it carried 14.8 million passengers in 2014, up 22.3 percent from the year ...
Honda expands Takata air bag recall by 340,000 cars in Japan TOKYO: Honda Motor Co said on Thursday it was recalling about 340,000 more cars in Japan to replace air bag inflators made by top supplier Takata Corp .Details for recalls elsewhere were not immediately available, a Honda spokesman said.Takata is at the centre of a recall of tens of millions of cars around the world for potentially deadly air bag inflators that could deploy with too much force and spray metal fragments inside vehicles.Regulators have ...
Roche, Galenica reach US selling deal for anaemia treatment ZURICH: Roche and Galenica said they have reached an exclusive license agreement to sell the Basel-based drugmaker's Mircera, a treatment for symptomatic anaemia associated with chronic kidney disease, in the United States and Puerto Rico.Roche will receive upfront and milestone payments, supply reimbursements, as well as tiered royalties on Mircera, but the specific financial terms of the agreement were not disclosed by either company.Copyright Reuters, 2015 ...
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 ...
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 ...


ArrowDJIA 18,126.12 0.20
ArrowNasdaq 5,097.98 0.17
ArrowS&P 2,120.79 0.13
ArrowFTSE 7,040.92 1.11
ArrowDAX 11,677.57 0.79
ArrowCAC-40 5,137.83 0.86
ArrowNikkei 20,551.46 0.39
ArrowH.Seng 27,454.31 2.23
ArrowSensex 27,506.71 0.21

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln