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AT&T seeks to buy DirecTV: WSJ WASHINGTON: US telecoms giant AT&T has offered to buy satellite TV firm DirecTV, in the latest move for consolidation in the television and industry, the Wall Street Journal said Thursday.AT&T, which offers wireless, Internet, and cable TV services around the country, made an approach recently to DirecTV, which delivers television via rooftop satellite dishes.The newspaper cited sources saying DirecTV was open to the offer, which could result in a deal worth $40 billion.A merger between the two would create a potent rival to cable TV company Comcast, which hopes to expand its coverage with the pending takeover of Time Warner Cable.DirecTV has about 20 million customers, making it the number-two pay-TV company in the United States.A combination of AT&T and DirecTV would have about 26 million customers, the Journal said, behind the 30 million of a Comcast-Time Warner Cable tie-up. DirecTV has suffered in the market in recent years because ...

China's Alibaba in talks for Alipay stake: WSJ BEIJING: Chinese e-commerce giant Alibaba is in talks with key shareholders to regain a formal stake in its online payment affiliate Alipay as it prepares a hotly anticipated IPO, a report said Thursday.The Wall Street Journal cited "people familiar with the matter" for the report carried on its website.The WSJ said that retaking the stake in Alipay "could significantly raise the future value of Alibaba" as it readies its initial public offering (IPO).But the report ...
Japan tax hike takes toll on auto sales TOKYO: Japanese auto sales dropped 11.4 percent in April from a year ago, an industry group said Thursday, highlighting the impact of a sales tax rise which sparked a mad dash to stores ahead of the levy hike.The drop marked the first fall in eight months, with sales of new cars, trucks and buses totalling 188,864 vehicles, the Japan Automobile Dealers Association said, although sales of thrifty mini-vehicles hit a record high.The Japanese auto market ...
Sony warns of deeper loss as it exits PC business TOKYO: Sony on Thursday warned it would report a bigger-than-expected annual loss, blaming costs tied to its exit from the personal computer business, as the once-mighty firm undergoes a painful restructuring.The Japanese electronics giant said it would book a 130 billion yen net loss ($1.27 billion) in the latest fiscal year to March, while it slashed its operating earnings outlook.The figure is worse than a 110 billion yen net loss forecast just three months ago, ...
US chip giant Intel to pump $6bn into Israel: minister JERUSALEM: US computer chip giant Intel is to invest close to $6 billion in upgrading its Israeli production facilities, Israeli Economy Minister Naftali Bennett said on Thursday."Intel chose to set up its most advanced production line in Israel in the face of tough competition," Bennett told public radio. "It's an investment of billions of shekels... in Israeli hi-tech," he added. Facebook comments by Bennett, which were reposted by Intel Israel on its website, put the ...
Rolls-Royce warns over marine division LONDON: Britain's Rolls-Royce warned Thursday over profits at its marine unit, sending its share price sliding, and repeated that the engine maker's earnings and revenues would flatten this year.The firm said in a trading update that production problems at the division would spark an exceptional charge of £30 million ($51 million, 36 million euros).Profit and sales at the group's marine arm will be down 10 percent this year, hit by the one-off charge and lower ...
Ford begins production of Transit vans in Missouri DETROIT: Ford Motor Co on Wednesday formally marked the end of a profitable half-century run for its E-Series commercial van, trumpeting the start of North American production of the replacement Transit van at its Kansas City assembly plant.E-Series vans, known for years as the Ford Econoline, account for 46 percent of the U.S. market of full-size commercial vans.In the last several years, Ford has made a $1.1 billion investment and hired 2,000 workers at the ...


Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln