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Telecom Italia shares hit 4-year high on Orange interest BARCELONA/LONDON: Telecom Italia shares rose to a four-year high on Monday after the head of French rival Orange said a tie-up between the two phone companies would be attractive. Both firms said no talks over a specific deal had occurred, while analysts and bankers said any combination of the two former monopolies would take time and require the political backing of Italy and France. Orange CEO Stephane Richard's remarks in a newspaper interview on Sunday come during a period of uncertainty for the indebted Telecom Italia, with a group of investors preparing to sell their shares and Rome discussing measures that may force it into a costly network overhaul.Telecom companies in Europe have been in a deal-making frenzy since 2013 as they seek to combine fixed-line and mobile services, exit non-core markets and cut costs. But to date no big cross-border deals have joined telecom majors, althoughEuropean regulators would like ...

Siemens investigates report of fictitious Chinese contracts FRANKFURT/SHANGHAI: Germany's Siemens said it was investigating a media report that it boosted sales figures of its healthcare equipment in China by creating fake contracts. Chinese business daily Yicai cited Chinese distributors as saying that Siemens' healthcare division had been creating contracts with them that were not backed up by real sales.The distributors would pay a 10 percent down payment, allowing Siemens to book the contracts. Siemens would then return the payments to them by ...
Ericsson joins with Intel to help telecoms firms get in the cloud BARCELONA: Telecom equipment maker Ericsson and chipmaker Intel have agreed a partnership deal to help network operator customers build datacentres, putting them on a more competitive footing against big, cloud-based Internet firms such as Google, Facebook and Amazon. "We will build datacentre equipment which will actually have the same performance as many of the big cloud providers are doing for themselves," Ericsson's chief executive, Hans Vestberg, told a news conference at the Mobile World Congress ...
Intel launches chip for new push into low-price smartphones SAN FRANCISCO: Intel Corp is shipping new mobile chips that represent the semiconductor company's biggest hope for making progress in smartphones this year.Responding to a growing market in China for low-cost handsets often priced below $100, Intel announced plans for the chip, code named Sofia, in late 2013 at a meeting with investors."We went from PowerPoint to shipping in 15 months," said Aicha Evans, General Manager of Intel's Platform Engineering Group. As well as smartphones, ...
Dial *930# for 3G offers on Samsung Galaxy For the first time in Pakistan, Samsung has launched Telenor’s special tariff plans for Galaxy devices. Upon dialing *930# from a Telenor prepaid SIM, the users of a Samsung Galaxy device will receive the option to subscribe to any one of the special bundles being offered through this campaign.Under this special tariff offer; Samsung’s Weekly Package will provide the subscriber with 500 MB of Data, 500 On-net Minutes and 500 SMS for one week, at ...
French money manager TOBAM raises $2bn in 'smart beta' funds LONDON: Paris-based money manager TOBAM has raised $2.1 billion under its "anti-benchmark" funds in the last three months, it said on Monday, boosting assets under management to $8.7 billion."Anti-benchmark" or smart beta funds, the fastest growing segment of the exchange traded fund market (ETF), weigh holdings by criteria other than market capitalisation and are typically created via algorithms designed to cherry pick winning stocks.They are cheaper to invest in than a typical actively managed fund ...
Swiss manufacturing sector shrinks again in February ZURICH: The downturn in Switzerland's manufacturing sector worsened in February, a monthly survey showed on Monday, although a more stable Swiss franc helped slow the pace of decline after January's sharp fall.The Swiss purchasing managers' index, which gives a snapshot of the health of the manufacturing sector, fell to a seasonally adjusted 47.3 points in February from 48.2 points in the previous month, data showed on Monday. That is below the 50 mark that indicates ...


ArrowDJIA 18,203.37 0.47
ArrowNasdaq 4,979.90 0.56
ArrowS&P 2,107.78 0.45
ArrowFTSE 6,889.13 0.74
ArrowDAX 11,280.36 1.14
ArrowCAC-40 4,869.25 0.98
ArrowNikkei 18,815.16 0.06
ArrowH.Seng 24,702.78 0.74
ArrowSensex 29,593.73 0.46

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