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South Africa's new vehicle sales decline 14.6pc y/y in October JOHANNESBURG: New car sales in South Africa decreased 14.6 percent year-on-year in October to 56,398 units, the National Association of Automobile Manufacturers said on Friday. Copyright Reuters, 2013 ...

Nissan, facing growing pains, shakes up management YOKOHAMA: Nissan Motor Co Chief Operating Officer Toshiyuki Shiga will step aside from the No.2 post in a management reshuffle after the company slashed its profit outlook on Friday amid a slowdown in emerging markets and quality issues. Chief Executive Carlos Ghosn has set aggressive expansion targets for Japan's second biggest carmaker to boost both global market share and its operating margin to 8 percent by end-March 2017, but recalls and a sales slowdown in ...
Asia factory activity picks up; Britain coasts along BEIJING: Demand for exports drove the fastest upturn in Asia's factories in months during October, led by China, as Friday's business surveys also showed UK manufacturers still expanding. The latest batch of purchasing managers indexes (PMIs), which survey thousands of manufacturers worldwide, showed Chinese factory growth hitting an 18-month high, and British factories sustaining a solid rate of expansion. Although data from the US due later on Friday are expected to show a slight slowdown ...
Apple's iPad Air takes flight TOKYO: For one Japanese man, being at the front of a Tokyo queue as the new iPad debuted Friday was his way of saying "thank you" to Apple after a year that turned his life around.Takaaki Sasaki, who designed an app that became a hit in Japan, was one of hundreds who poured into Apple's flagship store in the glitzy Ginza district as the doors opened on the latest tablet offering from the sector's agenda-setter.The ...
Nissan slashes annual profit forecast by 15pc TOKYO: Nissan on Friday slashed its full-year profit forecast as the Japanese automaker warned over a sluggish European market and costs tied to vehicle recalls, while separately announcing a management shuffle.The firm said it now expected to earn 355 billion yen ($3.62 billion) in the year to March, down from an earlier 420 billion yen forecast, while its half-year profit rose 6.5 percent from a year earlier.Copyright AFP (Agence France-Presse), 2013 ...
Sony shares plunge 11pc on slashed full-year outlook TOKYO: Shares in Sony plunged more than 11 percent on Friday morning after the Japanese electronics giant slashed its full-year profit outlook, dealing a blow for its much-vaunted turnaround plan.The shares were trading at 1,665 yen in Tokyo, a day after Sony cut its earnings forecast for the year to March by 40 percent due to tepid demand for its digital cameras, personal computers and televisions.It also pointed to a weaker-than-expected performance in its film ...
Google unveils new smartphone in Nexus line SAN FRANCISCO: Google on Thursday unveiled its Nexus 5 smartphone, putting its premium brand on a device intended to champion the latest version of its Android operating system.The hotly anticipated addition to Google's Nexus line is powered by a new "KitKat" version of Android, which was redesigned to work across the wide range of handsets built with the Internet titan's free software inside."Now you have one version of the Android operating system that can ship ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln