Just in:  

You are here: Home»Business»Industries & Sectors

Industries & Sectors


Samsung unveils sleek new Galaxy phones to take on Apple SEOUL/BARCELONA: Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim its throne as undisputed global smartphone leader from Apple Inc.Designed from scratch in an operation dubbed "Project Zero", the Galaxy S6 and its curved-edges variant are critical for Samsung's plans to reverse plunging smartphone revenues that led to its first annual earnings fall in three years in 2014.By some estimates, Apple surpassed Samsung as the world's biggest smartphone maker late last year, selling a record 74.5 million iPhones in the December quarter on the back of the success of its big-screen iPhone 6 and 6 Plus.Samsung's previous flagship Galaxy S5 was outsold in its second full month of global sales by Apple's older iPhone 5S, according to researcher Counterpoint.The South Korean giant begins its fight-back on April 10 when the revamped Galaxy phones, unveiled at the ...

Nokia CEO sees ‘business as usual’; no change to outlook BARCELONA: Nokia, the world's third-largest mobile equipment maker, has seen nothing in its business that would lead it to change its financial outlook, its chief executive said on Sunday."Nothing specific has happened in the past couple of weeks. It is kind of business as usual," Nokia CEO Rajeev Suri said in response to a reporter's question during a press conference ahead of the Mobile World Congress trade show in Barcelona.Suri reiterated previous comments that the ...
IAG to make new proposals on Aer Lingus bid DUBLIN: International Consolidated Airlines Group (IAG) is to make "concrete proposals" to the Irish government next week to try and convince it to sell its 25 percent stake in Aer Lingus, the Sunday Business Post reported. British Airways owner IAG made a 1.36 billion euro ($1.5 billion) bid for Aer Lingus in January, its third takeover approach, and the Irish carrier's board recommended that offer to shareholders. But the deal has stalled due to political ...
China's Huawei enters smartwatch frenzy with round-face models BARCELONA: Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the highly anticipated Apple Watch. At an event tied to the Mobile World Congress in Barcelona, the firm unveiled its Huawei watch line in classic, business and sporty versions, while at the same time across town, Korea's LG Electronics launched a similar round-faced model. Both are ...
Orange potentially interested in deal with Telecom Italia, CEO tells paper PARIS: France's Orange and Italy's telecom operator Telecom Italia have been discussing a possible alliance between the former monopolies, Orange's chief executive told the Journal de Dimanche. "There are no negotiations ongoing just exchanges of points of view between the two management teams," said Orange's CEO Stephane Richard. "It would be an attractive European consolidation opportunity." A spokesman for the heavily indebted Telecom Italia said there had been no talks over a possible tie-up with ...
China manufacturing shrinks again in February: govt BEIJING: China's manufacturing activity contracted for the second straight month in February, the government said Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world's second-largest economy.The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) came in at 49.9 last month, up a fraction from 49.8 in January, but remaining in contraction.The index, which tracks activity in factories and workshops, ...
Brazil and Mexico still without auto pact, talks to continue MEXICO CITY: After two days of negotiations, Mexico and Brazil have still not reached an agreement on an auto pact and will continue discussions in the second week of March, the Mexican government said on Friday.The accord, signed in 2012, limits the export of vehicles from Mexico to Brazil.While sources have told Reuters that Brazil wants to extend the quota for three to five more years, Mexico wants to move forward with the free trade ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln