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Airbus needs more time to decide on A380 changes PARIS: Airbus will not abandon its A380 jumbo jet programme despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines as major customer Emirates Airline has requested. Emirates, the leading buyer of the existing A380 jet with 140 orders, has been pushing Airbus to revamp the plane with newer engines, a move that could lower the number of seats airlines must sell to break even.Airbus boss Fabrice Bregier appeared to rebuff the request in the interview with Les Echos published online on Sunday. "We are already working on ways to make the A380 more attractive economically by adding seats while preserving the amazing comfort of the plane," he said."Long-term, the question will be how to improve its performance by working on aerodynamics and motorisation. But we will not do that until a good business plan can be found. That ...

India factory output hits nine-month high NEW DELHI: India said Friday its industrial production grew by five percent in February, its highest rate in nine months, indicating a boost in Asia's third-largest economy.The year-on-year jump in production by Indian factories, mines and utilities was higher than the revised 2.8-percent growth recorded in January and beat economists' expectations of 2.5-3 percent.Analysts welcomed the fastest pace of growth since November last year, but warned the recovery remained fragile."The fact is the economy is ...
GE slashing finance arm, sells $26.5bn in real estate NEW YORK: General Electric announced Friday it was getting out of most of its finance business, slashing back GE Capital and selling $26.5 billion worth of real estate.The US industrial giant said the move could generate as much as $90 billion to be returned to investors over the next three years via dividends, share buybacks and a share exchange.The company heralded the move as getting back to the company's core capabilities in advanced manufacturing technology.By ...
Panama's Copa buys 61 Boeing 737s for $6.6bn PANAMA CITY: Panamanian carrier Copa Airlines signed a deal worth an estimated $6.6 billion to buy 61 Boeing 737 aircraft Friday, during President Barack Obama's visit to the country.The companies said the deal was the "largest commercial transaction between a Panamanian and a US-based company ever."Obama is in Panama to take part in a Summit of the Americas, which brings regional leaders together to discuss trade, job creation and a host of political issues. The ...
Germany: Air Berlin-Etihad codeshares should remain ‘an exception’ BERLIN: The German transport ministry said a recent deal that permits some Air Berlin and Etihad code share flights, even though they are not covered by a bilateral traffic agreement, should remain an exception. Germany last month approved Air Berlin's summer flight schedule, including the code shares that allow Etihad to sell tickets for Air Berlin-operated flights such as between Berlin and Abu Dhabi and Stuttgart and Abu Dhabi. Under a bilateral traffic agreement, carriers ...
India's Feb industrial output grows at 5pc, fastest in 9 months NEW DELHI: India's industrial output growth accelerated to 5.0 percent in February, its fastest pace in nine months, mainly driven by growth in capital goods and consumer goods sectors, government data showed on Friday. Analysts polled by Reuters were expecting the output to grow 2.4 percent compared with a upwardly revised 2.8 percent growth in January. India plans to release industrial output data based on a new methodology and use a different base year for ...
Philippines' Nickel Asia in expansion mode despite weak metal prices MANILA: Nickel Asia Corp, the Philippines' top nickel ore producer and exporter, said on Friday it will acquire stakes in two smaller miners to expand its resource base by 24 percent, keeping an upbeat view on global demand despite falling prices.Nickel Asia, partly owned by Japan's Sumitomo Metal Mining Co Ltd, will buy a tenth of NiHAO Mineral Resources International Inc and up to 100 percent of unlisted Geogen Corp. The latter has mining rights ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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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
WeeklyApril 16, 2015
Reserves $16.818 bln