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Air Berlin sees profits improving in 2015 BERLIN: Air Berlin said it expected profit to improve significantly in 2015 thanks to turnaround measures being put in place by its new chief executive. The carrier, Germany's second-largest airline, made the prediction as it released preliminary figures for 2014 showing a net loss of between 362 million and 387 million euros ($393 to $420 million). Air Berlin had previously forecast a net loss for 2014 of about 350 million euros and said on Thursday it could not yet determine the exact size of restructuring charges for 2014, which would be in a range of 85 to 110 million euros. It said 2015 should lay the foundations for a planned return to profitability in 2016, and that the first quarter's adjusted operating profit should be about 25 million euros better than the loss of 183 million euros it made a year earlier. "We will break out of the negative performance ...

Air China sees 14pc rise in 2014 net profit HONG KONG: Air China, the country's flag carrier, said Thursday that the global economic recovery and falling oil prices helped lift its net profit by 14 percent last year.Net profit in 2014 came in 3.78 billion yuan ($608.67 million), up from 3.32 billion yuan the previous year, the airline said in a statement filed late Thursday to the Hong Kong Stock Exchange.It credited falling oil prices, recovery in the global economy, and strengthened cost management, ...
EasyJet to change cockpit policy after French Alps crash LONDON: British airline easyJet said Thursday it would enforce a new policy for two crew members to be in the cockpit at all times from Friday, after a German airliner crash in the French Alps that killed 150 people."EasyJet can confirm that, with effect from tomorrow... it will change its procedure," the airline said in a statement, after investigators said they believed the co-pilot of the Germanwings flight deliberately crashed the plane.Similar decisions have been ...
Toyota rolls out shared-parts strategy to chop costs TOKYO: Toyota on Thursday announced plans to overhaul production to slash development costs, with a top executive describing the shakeup as crucial to navigating "sudden and drastic changes" in the auto sector.While the Japanese car giant is on track for a record $18 billion fiscal year profit, largely due to a weak yen and strong North American sales, the world's biggest automaker said it needs to go further to protect its bottom line in a ...
Ford doubles production capacity in India AHMEDABAD: US auto giant Ford Motors said Thursday it was doubling its production capacity in India as it opened a new $1 billion plant in the business-friendly prime minister's home state of Gujarat.Ford said the Sanand plant in western India would boost its nationwide manufacturing capacity to 610,000 engines and 440,000 vehicles."With today's opening of our plant in Sanand, we have taken our growth commitment to a new high in India," said company president and ...
Siemens lands 1.7-bn-euro train contract in Germany FRANKFURT: German engineering giant Siemens said Thursday it has secured a contract worth 1.7 billion euros ($1.9 billion) for the supply and maintenance of regional trains in Germany. Siemens will supply 82 trains for the new Rhine-Ruhr Express in the regional state of North Rhine-Westphalia, and provide maintenance for a period of 32 years, the company said in a statement."This is the largest regional rail transport order ever won by Siemens in Germany." North Rhine-Westphalia ...
Adidas targets faster sales and profit growth from 2016 HERZOGENAURACH: German sportswear firm Adidas announced plans to revolutionise the way it manufactures goods to speed up production and allow more customisation of goods to help it accelerate sales and profit growth in the next five years.The world's second-biggest sportswear firm behind Nike laid out its strategy on Thursday as it seeks to claw back market share from its U.S. rival.It said it would extend across the group supply chain innovations pioneered by its NEO ...


Index Closing Chg%
Arrow DJIA 17,976.31 1.49
Arrow Nasdaq 4,947.44 1.15
Arrow S&P 2,081.24 1.22
Arrow FTSE 6,891.43 0.53
Arrow DAX 12,086.01 1.83
Arrow CAC-40 5,083.52 0.98
Arrow Nikkei 19,411.40 0.65
Arrow H.Seng 24,855.12 1.51
Arrow Sensex 27,975.68 1.88

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln