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Airbus says Emirates cancels order for 70 A350 planes PARIS: Dubai's Emirates Airline has cancelled an order for 70 Airbus Group NV A350 wide-body aircraft following "on-going discussions with the airline in light of their fleet requirement review", the European planemaker said on Wednesday. Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007, with first deliveries scheduled from 2019, Airbus said in a statement. Airbus said it was "very confident" in the A350 programme, which rivals Boeing's 787 Dreamliner, and that it expected the A350 order book to grow in 2014. The cancellations will be logged in Airbus' orders and deliveries for the month of June, the company said. Copyright Reuters, 2014 ...

Nintendo jumps on toy figure trend to boost Wii U SAN FRANCISCO: Nintendo on Tuesday said it is adding real-world game figures to Wii U play to boost the popularity of its console, which has lagged rivals in the market.Nintendo is blending Will U virtual play with tangible toys as it faces off against powerhouse offerings from Xbox One and PlayStation 4 at an E3 gathering here.The Japanese video game stalwart is jumping on a trend that has paid off for publisher Activision with "Skylanders" ... plans local services marketplace this year: sources SAN FRANCISCO: Inc later this year plans to launch a marketplace for local services, a broad term that encompasses anything from babysitters to handymen, several people familiar with the matter said.The move takes direct aim at consumer review sites Yelp Inc and Angie's List Inc as well as US home improvement chains Home Depot Inc and Lowe's Companies Inc, which have both invested in ways to connect customers with local plumbers, painters and other ...
GM plans no more dismissals linked to switch recall: CEO DETROIT: General Motors Co does not plan more employee dismissals relating to the company's handling of a defective ignition switch linked to at least 13 deaths, Chief Executive Mary Barra said on Tuesday."We feel we've taken the appropriate actions as it relates to the ignition switch recall," Barra told reporters ahead of an annual shareholders meeting, when asked whether GM would dismiss or discipline any more staff for the company's poor handling of the faulty ...
Huawei sees stronger sales growth for enterprise division MILAN: Chinese telecoms group Huawei Technologies has increased its sales growth rate target at its enterprise business this year to 40 percent, board member and head of strategy William Xu said on Tuesday.The world's second-largest telecoms equipment maker had previously forecast that sales at its enterprise division would grow 30 percent in 2014 from the previous year's 15,263 million yuan ($2.45 billion) - more than 6 percent of its total revenue."Last year we reached a ...
Ford to keep Fiesta production in Germany FRANKFURT: US auto giant Ford said Tuesday it will continue to manufacture its Fiesta compact car in Cologne, Germany, beyond 2016 after months of negotiations with employees.Ford said in a statement it will maintain production of the current model of the Fiesta as well as future versions of the car in Cologne rather than transfer it to a lower-wage country.In addition, the car maker extended for another five years a job guarantee for the site's ...
BMW outsells Audi in tightening luxury car sales race BERLIN: BMW delivered more cars than Audi in May, though its German rival is still gaining ground on BMW this year in a tight race for dominance of the luxury car market.BMW said on Monday that sales of its BMW-branded luxury cars rose 10 percent in May to 153,023 autos, noting strong demand in the United States and Asia. The increase meant it narrowly beat Audi's 152,000 deliveries.Five-month sales at BMW were up 11 percent ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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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