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US small business confidence slips in June WASHINGTON: US small business optimism fell in June from its one-year high as an uncertain recovery continues to unfold.The National Federation of Independent Business said on Tuesday its Small Business Optimism Index decreased 0.9 point to 93.5 last month, changing course from two straight months of growth.Six of the index's 10 components fell and two were unchanged. Only job creation plans and the six-month outlook advanced.This mirrors economists' predictions that the economy will pick up momentum in the second half of this year after a lackluster start.More owners are reporting negative sales trends than positive ones. "Nothing cheers up a small business owner more than a customer, and they remain scarce and cautious," the NFIB said.Last month, the share of owners planning to increase inventories fell 4 points, accounting for about 40 percent of the decline in the index.Job creation plans increased after slipping last month and the percentage of ...

Olympus to raise up to $1.16bn in stock offering TOKYO: Japan's scandal hit Olympus said Monday it planned to raise up to 118 billion yen ($1.16 billion) through a public stock offering in a bid to strengthen its medical equipment businesses.The camera and medical equipment maker said it would issue up to 37 million new shares to overseas investors, while separately selling four million of its own shares it holds as treasury stocks, also to overseas investors.A fixed offering price will be decided July ...
Fiat says RCS Mediagroup investment is for the long run TURIN: Italian carmaker Fiat Chief Executive Sergio Marchionne said the company's decision to raise its stake in loss-making publisher RCS Mediagroup was a investment for the long term.Fiat emerged as RCS Mediagroup's largest shareholder on June 28 with the surprise announcement it will almost double its stake to 20 percent for a reported 90 million euros ($115.51 million).The stake increase was followed by press speculation that it was intended to trigger consolidation in the sector, ...
Dongfeng deal expected this month PARIS/BEIJING: French carmaker Renault and Dongfeng Motor Group hope to sign an agreement later this month to create their planned Chinese joint venture, a source close to the carmakers said on Monday.The joint venture will involve a total investment close to 10 billion yuan ($1.6 billion), said the source, who asked not to be identified because discussions with Chinese authorities were confidential.Copyright Reuters, 2013 ...
German industry output falls twice as far as forecast in May BERLIN: German industry output dropped twice as far as expected in May in its biggest fall since October, suggesting Europe's largest economy is struggling to regain momentum after a contraction in late 2012 and a weak start to 2013.Output fell by 1 percent on the month as factories produced fewer capital goods and the construction industry stuttered. The headline figure missed the consensus forecast in a Reuters poll for a 0.5 percent drop, data from ...
Dongfeng, Renault to set up $1.8bn JV SHANGHAI: Ambitious Chinese automaker Dongfeng Motor and France's Renault may sign a deal this month for an 11 billion yuan ($1.8 billion) joint venture after a decade of talks, a report said Monday.The project, to be restructured from an existing venture between Renault and China Sanjiang Space Group, was approved by state officials in May, a source told the China Business News paper.Dongfeng, China's second biggest automaker, has previously been reported to be negotiating to ...
Japan broadcasters ban Panasonic 'smart' TV commercial TOKYO: Japanese broadcasters are refusing to air commercials for Panasonic's new "smart" television, the manufacturer said Monday, amid speculation they feel threatened by its combined TV-Internet function.Private broadcasters -- in a rare case of turning down a major advertiser -- have said they will not show commercials for the product, claiming the split screen simultaneously showing broadcast content and web pages may confuse viewers, according to reports."IPTV, or smart television, is a new area of ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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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 23, 2014
Reserves $13.465 bln