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Apple ebook price-fixing trial opens NEW YORK: The US government's trial against Apple, accused of leading a conspiracy to fix prices of electronic books, opened Monday in New York.The California technology giant is on its own in its fight against the US Justice Department, after five of the world's biggest book publishers named in the suit settled the charges and paid fines.US antitrust watchdogs say Apple orchestrated a collusive shakeup of the electronic book business in early 2010 that resulted in higher prices.Attorneys for both sides appeared in the courtroom of Judge Denise Cote shortly after 9:30 am (1330 GMT) Monday, discussing procedural matters ahead of opening arguments.The civil trial is expected to last three weeks, and comes with Apple under pressure for its slumping share price, eroding market share for its iPhones and iPads and accusations in Congress it avoided billions in taxes.Apple chief executive Tim Cook has rejected the idea of a settlement ...

Aluminium merger hints at closer Dubai, Abu Dhabi ties ABU DHABI: Dubai and Abu Dhabi plan to merge their state aluminium producers in a $15 billion deal that suggests the two emirates are willing to consolidate business interests to better compete in the global economy.Combining Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) to create the world's fifth-largest aluminium producer goes against the grain for the two wealthy Gulf emirates, which for decades have built competing interests in sectors ranging from stock markets to ports ...
Vodafone hikes UK network investment for 4G services LONDON: Vodafone is to increase spending on its British network by 50 percent this year to more than 900 million pounds ($1.36 billion) in readiness for the launch of 4G services, it said on Monday.The company has already outbid its rivals in buying airwaves for superfast mobile broadband, spending some 802 million pounds in the regulator Ofcom's auction of radio spectrum in February.Operators in Britain, and the rest of Europe, are making a big bet ...
Synta drug shown to extend lives of certain lung cancer patients CHICAGO: A drug designed to block a protein known to help cancer cells grow was shown in a mid-stage trial to lengthen survival in patients with advanced lung cancer that worsened after initial treatment, researchers said on Monday.The results, presented at a meeting of the American Society of Clinical Oncology in Chicago, are the first time an agent in a class known as heat shock protein 90 inhibitors, HSP90 for short, has been shown to ...
Indonesia abandons plan to set up plantation firm: minister JAKARTA: Indonesia's government has abandoned a plan to combine state-owned agricultural commodities' companies worth $5.6 billion to set up what would have been one of the world's largest plantation firms, the minister in charge said on Monday.State-owned Enterprises Minister Dahlan Iskan declined to specify the reasons behind the government's decision, but officials involved in the merger said the plan had run into several bureaucratic and taxation hurdles.The government had first proposed setting up the holding ...
EU regulators to impose fines on generic drug makers BRUSSELS: European regulators will clamp down on "pay-for-delay" deals in the pharmaceutical sector this month, fining Denmark's Lundbeck and eight other generic drug manufacturers for limiting access of cheaper products to the market.Following an inquiry launched in 2009, the European Commission, the EU's anti-trust regulator, will impose a "significant" fine on Lundbeck and lesser fines on Germany's Merck KGaA and seven smaller drug firms when it announces the sanctions later this month, two officials said.The ...
French car sales plunge, Renault worst hit PARIS: New car registrations in France, a key indicator of economic health, dropped sharply in May according to new data published on Monday, with Renault and Citroen the worst affected.A total of 148,554 new cars were registered in France last month, a 10.3-percent drop compared to the same period in 2012, according to statistics published by France's industry group for auto makers, CCFA.The Renault group plunged by 16.5 percent while Citroen also dropped sharply, by ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln