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German car sales slide: trade data FRANKFURT: New car registrations in Germany, a key measure of demand in one of the most crucial sectors of Europe's top economy, fell in June, data showed on Tuesday. About 282,913 cars were registered last month, a drop of 4.7 percent compared to sales in the same month in 2012, according to the official KBA agency.Over the first six months of the year combined, 1.503 million cars were registered, 8.1 percent fewer than in the same period a year earlier, the agency said in a statement.The European car industry overall has been hard hit by first the financial crisis and then by the effects of the eurozone debt crisis.However, top German manufacturers have resisted better than many other carmakers in Europe, particularly with the export of high-quality cars.Copyright AFP (Agence France-Presse), 2013 ...

Small fire at Japan crippled nuclear plant: TEPCO TOKYO: A fire broke out in a rubbish pile at Japan's tsunami-battered Fukushima nuclear complex on Tuesday, the operator said, the latest in a series of incidents at the crippled plant.Workers discovered flames licking at piles of cardboard boxes placed near an incineration facility shortly before 1:00 pm (0400 GMT), Tokyo Electric Power Co said.The fire damaged an area of about four metres (13 feet) by two metres, but was put out in a hour, ...
Microsoft entertainment head may leave to be Zynga CEO SAN FRANCISCO: Games publisher Zynga Inc could replace its chief executive Mark Pincus with Microsoft Corp executive Don Mattrick, possibly as early as late Monday, according to a report by AllThingsD that sent Zynga shares down more than 10 percent.Mattrick, who heads Microsoft's critical Xbox business as the company's president of interactive entertainment, could leave Microsoft to join Zynga, possibly as its CEO and is "working in close partnership with its founder and current CEO ...
US factory activity, hiring slows in June: Markit NEW YORK: US manufacturing activity grew in June at its slowest pace in eight months as overseas demand dried up and firms took on the fewest new workers in more than three years, a survey showed on Monday.Financial data firm Markit said its final US Manufacturing Purchasing Managers Index stood at 51.9 in June, below 52.3 in May and a preliminary June estimate of 52.2. A reading above 50 indicates expansion in the sector.The output ...
U.S safety regulators close Ford, Hyundai auto defect probes DETROIT: US safety regulators closed an investigation into defective engine cables in more than 467,000 Ford Taurus and Mercury Sable cars after Ford Motor Co said it would fix the problem without issuing a recall.Damaged speed control cables on Taurus and Sable cars from the 2000 through 2003 model years with Duratec engines failed to enable the driver to brake properly, the US National Highway Traffic Safety Administration said in documents posted this week. The ...
Siemens sells its 50pc stake in NSN to Nokia BERLIN: Finnish telecommunications company Nokia on Monday said it had agreed to buy German engineering giant Siemens' 50 percent stake in their mobile broadband joint venture NSN for 1.7 billion euros ($2.2 billion).Once the deal was concluded in the third quarter of 2013, "Nokia Siemens Networks will become a wholly owned subsidiary of Nokia", both companies said in a statement.Siemens' decision to sell its stake comes as part of a strategic repositioning in the market: ...
India to launch satellite navigation system BANGALORE: India will Monday launch the first stage of its domestic satellite navigation network which will eventually provide services both to civilians and the military and is similar to the US Global Positioning System, officials said.The first of seven satellites will be carried into space as part of the Indian Regional Navigation Satellite System (IRNSS), just months after China inaugurated its own domestic satellite navigation system."The (Indian) system has been indigenously built to provide accurate ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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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
WeeklyOctober 20, 2014
Reserves $13.436 bln