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Toyota prices 'Model AA' shares at 30 pct premium as investors flock TOKYO: Toyota Motor Corp set the price for its "Model AA" class stock at about a 30 percent premium, a regulatory filing showed, as retail investors flocked to the no-risk shares that the automaker hopes will help it secure longer-term shareholders.Toyota, Japan's top automaker, set the issue price at 10,598 yen compared with the 8,153 yen close on Thursday, putting it the top of the range of 26 to 30 percent it had flagged.The offering, for which Nomura Securities is the sole underwriter, is set to raise up to 499.17 billion yen ($4.04 billion) from the issuance of 47.1 million shares, the filing showed.Model AA shares - named after Toyota's first passenger car - are unlisted but carry voting rights.Investors must hold the shares for five years, after which they can convert them to common stock or sell them back to Toyota at the issue price. The shares carry an ...

Google apologizes photo app tagged black couple 'gorillas' SAN FRANCISCO: Google apologized after an identification program in its new photo app put a "gorillas" label on a picture of a black couple."We're appalled and genuinely sorry that this happened," a Google representative said late Wednesday in an email to AFP."We are taking immediate action to prevent this type of result from appearing."Google apologized and went to work fixing the problem earlier in the week after the offensive blunder was pointed out in a ...
US auto sales maintain steady pace in June CHICAGO: US auto sales maintained a steady pace of growth in June and consumers were opening their wallets for more expensive models and upgrades, industry data showed Wednesday."We just wrapped up the US auto industry's best six months in a decade, driven by strong demand for pickups and crossovers," said Kurt McNeil, head of sales at General Motors."People feel good about their jobs and the direction the economy as a whole is taking, so the ...
US Toyota exec in Japan resigns over drug arrest TOKYO: Japan's Toyota Motor said Wednesday that American Julie Hamp, its most senior female executive, has resigned after being arrested for suspected drug law violations."Toyota Motor Corp (TMC) received notification from Ms. Julie Hamp of her intent to resign her position of managing officer," the company said in a statement dated Tuesday."TMC has accepted her resignation after considering the concerns and inconvenience that recent events have caused our stakeholders."Hamp, who was recently appointed to head ...
South Korea court rules in favour of Samsung subsidiaries merger SEOUL: A South Korean court on Wednesday ruled in favour of the proposed merger of two Samsung Group subsidiaries, rejecting a US hedge fund's request for a court order to stop the move.US hedge fund Elliott had asked for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal, a move seen as an effort by Samsung's founding Lee family to boost control over the conglomerate ahead of a generational ...
Global pharma firms grilled about tax in Australia SYDNEY: The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.Australia and other nations have been increasing their efforts to crackdown on profit-shifting by multinational firms that use complex structures to lower their tax bills in some jurisdictions.The structures include "transfer pricing" where goods and services are sold within different entities in an international company. Firms ...
Facebook's Zuckerberg wants to figure out social equation SAN FRANCISCO: Facebook co-founder Mark Zuckerberg figures there could be a formula that explains how people think.During a wide-ranging online question-and-answer session on his Facebook page Tuesday, Zuckerberg told famed physicist Stephen Hawking he would like to find that equation."I'm most interested in questions about people," Zuckerberg said in a written chat forum response to Hawking asking what big questions in science he would like to know the answers to.Zuckerberg responded with a list that ...


ArrowDJIA 17,757.91 0.79
ArrowNasdaq 5,013.13 0.53
ArrowS&P 2,077.42 0.69
ArrowFTSE 6,608.59 1.34
ArrowDAX 11,180.50 2.15
ArrowCAC-40 4,883.19 1.94
ArrowNikkei 20,329.32 0.46
ArrowH.Seng 26,250.03 1.09
ArrowSensex 28,020.87 0.86

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln