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Isis heart drug leads to big reduction in blood fat AMSTERDAM: An experimental drug from Isis Pharmaceuticals produced a sharp reduction in levels of triglycerides, a type of fat in the blood that increases the risk of heart disease, a small mid-stage trial showed.Codenamed ISIS-APOCIIIRx, the drug is attracting increased attention from investors who believe it could be a big money spinner for the US biotech company. It is designed for patients with very high to severely high triglyceride levels.When tested as a monotherapy in the Phase II study, the drug resulted in a reduction of up to 75 percent in triglycerides and up to 79 percent in apolipoprotein C-III, another substance that prevents triglycerides being cleared from the blood.In addition, patients had mean increases of up to 57 percent in high-density lipoprotein (HDL), or "good", cholesterol, Dr. Daniel Gaude of the University of Montreal told the European Society of Cardiology annual meeting.The findings were based on an interim analysis ...

UAE's Etihad sees clearance for Jet deal, extends deadline DUBAI: Etihad Airways expects a $600 million investment in Jet Airways to be cleared by Indian authorities imminently, as it further extended a deadline for regulatory approval that ended on Aug 31, the Abu Dhabi carrier said on Sunday.Etihad's plan to buy a 24 percent stake in Jet had been delayed by regulators and by concerns from some politicians an April bilateral accord on air services between India and the United Arab Emirates was hurting ...
China data shows economy picking up momentum BEIJING: China's manufacturing activity strengthened in August, official figures showed Sunday, the latest data to suggest that the world's second-largest economy is picking up steam after two quarters of slower growth.The official purchasing managers' index (PMI) rose to 51.0 last month from 50.3 in July, according to figures released by the National Bureau of Statistics (NBS).The index tracks manufacturing activity in China's factories and workshops and is a closely watched gauge of the health of ...
Belgian competition regulator fines cement groups BRUSSELS: Belgium's competition regulator has fined three cement makers and two related associations 14.7 million euros ($19.4 million) for jointly restricting access to the Belgian market for new entrants.The Belgian Competition Council said in a statement late on Friday that CBR, part of HeidelbergCement Group, CCB, a unit of Italcementi, and Holcim Belgium colluded with the Belgian cement association FEBELCEM and the national centre for the national centre for technical and scientific research for the ...
Microsoft joins Google in US spying suit SAN FRANCISCO: Microsoft on Friday said that a battle to shed light on secret US government requests for Internet user data would play out in court after failed peace talks.Microsoft and Google filed suits in federal court in June, arguing a right to make public more information about user data requests made under the auspices of the Foreign Intelligence Surveillance Act.The technology titans agreed six times to extend the deadline for the government to respond ...
Danone says weighing compensation options over milk scare PARIS: French food group Danone said on Friday said it was weighing its compensation options after a false New Zealand milk botulism scare caused it to recall products in eight markets.The recall will affect its third-quarter earnings in Asia. On Wednesday, New Zealand said the scare was a false alarm and that tests indicating that products from dairy giant Fonterra contained the potentially fatal bug clostridium botulinum had been incorrect.The crisis led to infant formula ...
China fines brokerage $85mn for trading error: Xinhua SHANGHAI: China market regulator on Friday fined a domestic brokerage a record $85 million on Friday for a trading error that rocked its stock market earlier this month, the official Xinhua news agency said.The penalty levied on Everbright Securities is the largest ever issued by the China Securities Regulatory Commission (CSRC), reports said.It also banned four of the firm's executives from the industry for life, Xinhua added.A "design defect" in Everbright's proprietary trading system briefly ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln