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Samsung's Cheil Industries IPO likely to be worth up to $1.4 billion SEOUL: Cheil Industries Inc, the de facto holding company for Samsung Group, plans for its IPO to be worth between 1.3 trillion won and 1.5 trillion won ($1.2 billion to $1.4 billion), a source with direct knowledge of the matter said on Tuesday.Preliminary plans call for shareholders to sell around 18.74 million shares while 10 million new shares will be issued, and for an indicative price range of 45,000 won to 53,000 won per share, the source said.The source declined to be identified as he was not authorised to speak about the matter.Copyright Reuters, 2014 ...

Women's pay remark trails Microsoft chief to the cloud SAN FRANCISCO: Even as Microsoft ramped up Internet "cloud" offerings for businesses, its chief continued to be dogged by a comment that women should not ask for pay raises.Satya Nadella hosted a press gathering Monday in San Francisco, where the US software titan detailed its strategy and latest moves for helping businesses tap into the power of colossal online data centers as needed.Nadella found himself fielding questions about a gaffe that has been hounding him ...
Japan air bag maker Takata plunges 16pc on US recall TOKYO: Shares in air bag maker Takata plunged 16 percent in Tokyo on Tuesday, after US authorities urged owners of vehicles with defective air bags made by the firm to seek repairs.Takata dropped 350 yen ($3.30) to 1,836 yen by the break following the latest in a string of bad news for the Japanese firm which has been under fire for serious defects in its products.On Monday, the US Transportation Department's safety agency issued a ...
Amazon, Simon & Schuster sign book retail deal NEW YORK: Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing. The mutli-year deal with Simon & Schuster, expected to come into effect in early January, allows print and electronic editions from the American publisher to be marketed and retailed by Amazon. The books "will be continuously available for sale at this major retailer through this ...
New iPhones deliver big profits for Apple SAN FRANCISCO: New big-screen iPhones helped propel Apple's profit and revenue in the last quarter, as the California tech giant smashed earnings expectations.The company reported on Monday that profit rose 13 percent to $8.5 billion, as revenues jumped to $42.1 billion in the fiscal fourth quarter ending September 27.Apple said it sold more than 39 million iPhones in the quarter, boosted by last month's launch of the large-screen iPhone 6 and 6 Plus, which hit ...
China Sept power output rebounds on higher industrial output SHANGHAI: China's power output, a bellwether for the country's economic activity, rose 4.1 percent from a year ago in September, rebounding from the sharp fall in the preceding month as industry activity rose, official data showed on Tuesday. An output of 454.2 billion kilowatt hours (kWh) in September was, however, down 8.4 percent from 495.9 billion kWh in August, marking the second straight monthly decline driven largely by a cooler autumn weather and reduced hydroelectric ...
Australia approves Asian bid for food manufacturer SYDNEY: Australia's foreign investment watchdog has approved an Asian consortium's Aus$1.34 billion (US$1.18 billion) bid for Goodman Fielder, the food manufacturer said Tuesday.The approval brings Singapore-based agribusiness Wilmar International and Hong Kong investment manager First Pacific Company one step closer to taking over the company, although the deal still needs approval from China's commerce ministry."The Foreign Investment Review Board has notified Wilmar International and First Pacific Company Limited that it has no objection to the ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln