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Samsung Electronics says to provide memory chips to automaker Audic SEOUL: Samsung Electronics Co Ltd will provide memory chip products to Volkswagen's Audi after entering into a strategic partnership with the luxury German automaker, the South Korean electronics giant said in a blog post dated Monday. Samsung Electronics and its sister companies have been making a push to supply components to makers of increasingly sophisticated automobiles. No financial terms were disclosed. Samsung Electronics said it will provide cutting-edge memory chips to Audi's future "infotainment", dashboard and driver assistance applications.Samsung spokespersons were not immediately reachable for comment.Copyright Reuters, 2015 ...

Rolls-Royce sets out turnaround strategy LONDON: British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details of his plans to turn around the company.After four profit warnings in just over a year, the aero-engine maker was already under pressure to outline how it would return to growth, but it now faces additional impetus from activist shareholder ValueAct, which last week raised its stake to 10 percent."(The) major restructuring ...
Allianz targets 5 pct earnings growth through 2018 FRANKFURT: German insurer Allianz said it was undertaking a raft of productivity initiatives that would boost annual earnings per share by 5 percent on average until 2018. "The group will target a total return on equity (RoE) by 2018 of 13 percent, adjusted to exclude unrealized capital gains and losses on bonds and other items," Allianz said in a statement ahead of its capital markets day on Tuesday. Chief Executive Officer Oliver Baete has spent ...
Kingfisher third-quarter profit falls on soft French market LONDON: Kingfisher, Europe's largest home improvement retailer, missed forecasts with a 6.6 percent fall in third-quarter profit, hurt by a soft market in France and adverse foreign exchange movements.The company, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said on Tuesday it made a retail profit of 223 million pounds ($338 million) in the 13 weeks to Oct. 31.That compared with analysts' average forecast of 234 million pounds, ...
Hugo Boss sees weakness in China, US persisting in 2016 BERLIN: German fashion house Hugo Boss expects challenges in China and the US market to keep a lid on sales growth next year, but it said it would keep investing in its website and stores.In a presentation released ahead of an investor day on Tuesday, Hugo Boss said it expected 2016 sales growth below its long-term target for a high single-digit rise and said it would only reach its 2020 target for a core earnings ...
Peugeot says to work with NGO to publish real-world fuel usage PARIS: French carmaker PSA Peugeot Citroen will cooperate with Brussels-based NGO Transport & Environment (T&E) to measure and publish the real-world fuel consumption of its vehicles, Chief Executive Carlos Tavares told reporters on Monday. The announcement by Europe's No 2 carmaker comes two months after the Volkswagen missions-cheating scandal came to light. "In these troubled times for the industry, we must keep the trust of our consumers," Tavares said. Copyright Reuters, 2015 ...
Vodafone pulls 30-year benchmark US dollar bond NEW YORK: Vodafone pulled a 30-year US dollar bond offering from the market, hours after announcing initial price thoughts for the trade, one of the lead managers told IFR. Market participants had expected the deal to have a size of US$1.5bn to US$2bn, which was being marketed at a spread of 250bp area over US Treasuries. Vodafone is the second issuer to pull a multi-billion offering from the US corporate bond market in less than ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln