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Honda full-year net profit up 56pc to $5.6bn TOKYO: Japanese automaker Honda said Friday its net profit soared to $5.6 billion in the fiscal year to March, thanks to brisk overseas sales and a weaker yen.Earnings for the period came in at 574 billion yen ($5.6 billion), more than 56 percent higher than a year earlier, while revenue rose about 20 percent to 11.84 trillion yen. The company also boosted its profit forecast for the current fiscal year to 595 billion yen.Copyright AFP (Agence France-Presse), 2014 ...

Google+ boss leaving the company SAN FRANCISCO: The executive credited with bringing the Google+ social network to life is leaving the Internet colossus after playing a key role there for nearly eight years.Vic Gundotra announced Thursday his departure in a post on his Google+ page, saying that he was looking forward to a "journey yet to come" and not revealing his reasons for leaving.Along with being in charge of the Google social network launched in a challenge to Facebook, Gundotra ...
Facebook woos journalists with 'FB Newswire' SAN FRANCISCO: Facebook launched Thursday FB Newswire, billed as an online trove of real-time information for journalists and newsrooms to mine while reporting on events or crafting stories.In partnership with News Corp-owned Storyful, FB Newswire aggregates newsworthy content shared publicly at the social network, including original pictures, videos, and comments posted by "people on the front lines of major events" such as protests, elections and sports matches."News is finding a bigger audience on Facebook than ...
Pinterest adds search tool for finding fun 'pins' SAN FRANCISCO: Pinterest late Thursday launched a tool to help people quickly sift through the roughly 30 billion 'Pins' on the service's online bulletin boards to find what they like.In a move similar to one made last year by Facebook, Pinterest is tapping into its rich trove of user-posted content to tackle questions that traditional search engines such as Google or Bing don't handle well.Pinterest users can turn to the new Guided Search feature for ...
Microsoft earnings slip on soft computer sales SAN FRANCISCO: Microsoft on Thursday reported quarterly profit slipped as lifestyles continued to shift from personal computers to mobile devices and Internet cloud software.The US software giant said that it made a profit of $5.66 billion on $20.4 billion in revenue in the three months that ended on March 31, a slight dip from the $6 billion in net income it took in on $20.5 billion in revenue during the same period a year earlier.While ...
Caterpillar posts higher first-quarter profit, raises outlook NEW YORK: Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook, citing a stronger-than-expected rebound in sales to the construction industry.The news sent shares in the world's largest maker of earth-moving machinery up as much as 4 percent though the stock, which has outperformed the S&P 500 so far this year, gave back more than half those gains by early afternoon.The results were also lifted by continued ...
April U.S. auto sales to rise 8.5pc: J.D. Power, LMC DETROIT: U.S. auto sales will rise 8.5 percent in April from a year ago as spring weather entices consumers to look at new products, industry research firms J.D. Power and LMC Automotive said on Thursday.The annualized sales rate for April was forecast at 16.1 million vehicles, the firms said, with total sales at 1.395 million, another research firm, said on Thursday that April auto sales would rise 9.1 percent to 1.4 million vehicles, for ...


Index Closing Chg%
Arrow DJIA 18,126.12 0.20
Arrow Nasdaq 5,097.98 0.17
Arrow S&P 2,120.79 0.13
Arrow FTSE 7,040.92 1.11
Arrow DAX 11,677.57 0.79
Arrow CAC-40 5,137.83 0.86
Arrow Nikkei 20,551.46 0.39
Arrow H.Seng 27,454.31 2.23
Arrow Sensex 27,506.71 0.21

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln