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Nissan says Jan China auto sales down 0.4pc y/y SHANGHAI: Nissan Motor Co Ltd and its local joint venture sold 95,200 automobiles in China in January, down 0.4 percent from a year earlier, the Japanese automakers said on Tuesday. That follows a 70.4 percent year-on-year jump in December and 95.7 percent surge in November, which were partly boosted by a low base from the year before when sales tanked due to a surge in anti-Japanese sentiment following a territorial dispute between Beijing and Tokyo. In 2013, Nissan sold 1,266,200 vehicles, up 17.2 percent from a year earlier. Nissan makes vehicles in China in partnership with Dongfeng Motor Group Co Ltd Copyright Reuters, 2014 ...

India to release trade data at 1230 IST on Tuesday NEW DELHI: India will release trade data for April-January period at 1230 IST (0700 GMT) on Tuesday, a trade ministry statement said. India's trade deficit widened to $10.14 billion in December on slowing exports growth, while imports fell 15.25 percent year-on-year to $36.49 billion after gold shipments from overseas fell sharply. Copyright Reuters, 2014 ...
India's Tata Motors surges after unit JLR margins beat estimates MUMBAI: Shares in India's Tata Motors Ltd surge 4.7 percent in pre-open trade after the company's third-quarter net profit tripled to its highest in a year-and-a-half on strong demand for its luxury Jaguar Land Rover vehicles. Margins for the company's Jaguar Land Rover unit came in at 17.9 percent versus expectations of 16 percent, analysts said. Copyright Reuters, 2014 ...
Etihad says meeting with Alitalia's banks over stake SINGAPORE: Eithad Airways is holding talks with Alitalia's banks in Rome this week about about buying a stake in the troubled Italian carrier, the chief executive of the Abu-Dhabhi based airline said. James Hogan told a media briefing at the Singapore Airshow on Tuesday that he could not say whether a deal would be completed or not, saying only they are still in the due diligence process. Sources close to the matter say a deal ...
Court backs Apple e-book monitor, within limits SAN FRANCISCO: A US appeals court on Monday shot down Apple's bid to derail a court-ordered monitor in its e-book price-fixing case.The panel of judges specified, however, that the monitor's job is limited to making sure that Apple has an antitrust compliance program put in place and that workers across the board are taught its details."It became apparent that the parties differed considerably regarding the proper interpretation of the order as to the scope of ...
L'Oreal net profit rises 3.2pc to 3bn euros PARIS: L'Oreal, the world's largest cosmetics company, said Monday its net profit rose by 3.2 percent last year to 2.96 billion euros ($4.0 billion) on sales which rose by 2.3 percent to 22.98 billion euros.Chief executive Jean-Paul Agon called the sales growth robust given the slower growth in the sector and noted L'Oreal accelerated its outperformance of the market. Moreover, "profitability reached a record level in 2013, confirming the relevance of our business model", he ...
Chrysler Group repays $5bln debt to VEBA trust MILAN: Fiat Chrysler said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs by about $134 million between 2014 and 2016. US unit Chrysler, now merged into the new FCA Group, raised $1.375 billion and $1.38 billion dollars through two senior secured bonds maturing in 2019 and 2021 ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln