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Boeing reports wing cracks on 787 Dreamliners in production NEW YORK: Boeing Co said on Friday that "hairline cracks" had been discovered in the wings of about 40 787 Dreamliners that are in production, marking another setback for the company's newest jet.The cracks have not been found on planes that are in use by airlines and therefore pose no safety risk, Boeing said, adding the problem also will not alter Boeing's plans to deliver 110 787s this year.However, Boeing said the cracks, which also occurred on the larger 787-9 model currently undergoing flight tests, could delay by a few weeks the date when airlines can take delivery of their new planes.The disclosure raised questions about repair costs and a possible minor increase in the weight of the plane, but did not seem to spell major trouble for Boeing, industry experts said.Wing-maker Mitsubishi Heavy Industries Ltd notified Boeing in February of the problem, which arose after the Japanese company altered ...

Audi car sales up 6.8pc in February on Europe, China demand BERLIN: German luxury carmaker Audi said it increased sales by 6.8 percent in February to 117,500 cars and sport-utility vehicles on growing demand from Europe, China and Brazil. Two-months deliveries at the Volkswagen-owned division were up 9.3 percent to 242,400 autos, the Ingolstadt-based company said on Friday, citing the A3 compact and A7 Sportback as boosting volume. Copyright Reuters, 2014 ...
Telecom Italia to sound out market on Italy, Brazil towers in H1 MILAN: Telecom Italia is preparing to sound out the market in coming months over the planned sale of its transmission towers in Italy and Brazil, the Italian telecoms group's chief financial officer said on Friday. During a conference call with analysts, Piergiorgio Peluso also said that talks with Italian publisher L'Espresso to combine broadcasting activities were at and advanced stage. Copyright Reuters, 2014 ...
German industrial output rises in January: ministry FRANKFURT: German industrial production jumped in January, boosted by increased activity in the construction sector, official data showed on Friday. Industrial output expanded by 0.8 percent in January, after inching up by 0.1 percent in December, the economy ministry calculated in preliminary data.Economic activity jumped by 4.4 percent in the construction sector, it rose by 1.1 percent in the energy sector and advanced by 0.3 percent in the manufacturing sector, the ministry said.Taking December and ...
Google mystery barge floats to new US berth SAN FRANCISCO: Google's mystery barge arrived at a new home at a port in the California city of Stockton on Thursday.Calm waters after a storm allowed the vessel to make the trip from a former Navy base in the San Francisco bay to Stockton in about 7.5 hours, port director Richard Aschieris told AFP."It came up here very quickly," Aschieris said after returning from the dock serving as the barge's new home."It is certainly a ...
Man identified as Bitcoin creator denies involvement LOS ANGELES: A man named as being the enigmatic creator of Bitcoin on Thursday denied having a role in the virtual unit, telling reporters he was "not involved."In an exclusive report, Newsweek identified a 64-year-old Japanese-American physicist as being the mysterious person known as "Satoshi Nakamoto" behind the Bitcoin revolution.However the man, who told the Associated Press (AP) his name is Dorian Prentice Satoshi Nakamoto, told reporters outside his modest two-story house in suburban Los ...
US Sony chief out amid restructuring SAN FRANCISCO: Jack Tretton will step down this month as chief executive of Sony Computer Entertainment America, the company announced Thursday.Tretton's departure as head of the key US division comes as the Japanese entertainment and consumer electronics titan increasingly counts on its PlayStation division to lead a charge back to financial glory.Tretton will step down effective March 31, turning the job of Sony Computer Entertainment America chief over to Shawn Layden, currently chief operating officer ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln