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Peugeot says to work with NGO to publish real-world fuel usage PARIS: French carmaker PSA Peugeot Citroen will cooperate with Brussels-based NGO Transport & Environment (T&E) to measure and publish the real-world fuel consumption of its vehicles, Chief Executive Carlos Tavares told reporters on Monday. The announcement by Europe's No 2 carmaker comes two months after the Volkswagen missions-cheating scandal came to light. "In these troubled times for the industry, we must keep the trust of our consumers," Tavares said. Copyright Reuters, 2015 ...

Vodafone pulls 30-year benchmark US dollar bond NEW YORK: Vodafone pulled a 30-year US dollar bond offering from the market, hours after announcing initial price thoughts for the trade, one of the lead managers told IFR. Market participants had expected the deal to have a size of US$1.5bn to US$2bn, which was being marketed at a spread of 250bp area over US Treasuries. Vodafone is the second issuer to pull a multi-billion offering from the US corporate bond market in less than ...
Germany weighs up expanding car testing powers after VW scandal BERLIN: The German government is considering expanding the powers of technical inspectors examining cars in the wake of the diesel emissions scandal engulfing Volkswagen, a spokesman for the Transport Ministry said on Monday. The comments came after the head of the northern branch of Germany's Association for Technical Inspection accused Berlin of bowing to pressure from the automotive industry to prevent inspectors from checking software installed in vehicles. Guido Rettig told Die Welt newspaper in ...
Pfizer to buy Allergan in $160 billion deal NEW YORK: Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a record-breaking deal worth $160 billion to cut its US tax bill by moving its headquarters to Ireland.The acquisition will create the world's largest drugmaker, with combined annual revenue of about $64 billion. It is also the biggest-ever tax inversion deal, an increasingly popular and controversial maneuver aimed at helping US companies lower their taxes by reincorporating overseas. US President ...
Nestle adopts action plan for Thai seafood ZURICH: Swiss packaged food giant Nestle has adopted a plan for handling seafood from Thailand that aims to address concerns about human rights abuses in the sector, it said on Monday. Its action plan for this year and next encompasses steps "to protect workers from abuses, improve working conditions and tackle unacceptable practices including juvenile and teenage working," it said in a statement. Since August, US law firm Hagens Berman has filed two lawsuits against ...
Lufthansa cabin crew to strike Thursday, Friday FRANKFURT: Lufthansa cabin crew have been called to another round of strikes starting Thursday and Friday, the head of trade union UFO, Nicoley Baublies, told Reuters on Monday. The cabin crew union staged a week of strikes earlier this month, costing the company tens of millions of euros and forcing the cancellation of about 4,700 flights.Lufthansa said it took note of the strike annoucement with "consternation", saying the company had tried to defuse the conflict ...
Ford no longer using Takata air bag ammonium nitrate inflators DETROIT: Ford Motor Co said on Monday it is not using Takata Corp air bag inflators in vehicles under development, but is not issuing a recall or expanding previously announced recalls. Ford has recalled 1.51 million vehicles globally with Takata air bag inflators, which include all of its vehicles with inflators that Takata has recalled, a Ford spokeswoman said. Affected vehicles include 2005-2014 Ford Mustang and 2005-2006 Ford GT models, for driver-side air bag inflators, ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln