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Russia's PhosAgro Q1 net profit down 59pc MOSCOW: Russia's PhosAgro , the world's No.2 producer of phosphate fertilisers, said on Tuesday its first-quarter net profit fell 59 percent, year-on-year, missing forecast.The company's net income for the first three months of 2013 fell to 3.3 billion roubles ($108 million), while sales climbed 12 percent to $950 million, it said in a statement.Reuters poll of analysts expected PhosAgro's net profit for the first quarter at 3.9 billion roubles.Copyright Reuters, 2013 ...

VW management, unions reach pay deal FRANKFURT: German carmaker Volkswagen and the powerful IG Metall labour union announced on Tuesday they have reached a wage deal, giving 102,000 VW workers in Germany a two-step wage increase over the next 20 months.Employees at sites in Wolfsburg, Brunswick, Hanover, Salzgitter, Emden and Kassel will receive a 3.4-percent pay increase from September 1, followed by a further 2.2 percent from July 1, 2014, the carmaker and union said in separate statements. IG Metall had ...
Turkish May manufacturing confidence rises to 112.5 points ISTANBUL: Turkey's manufacturing confidence index rose to 112.5 points in May from 112 points in April, the central bank said on Monday.In December, the index fell below the 100-point mark, which separates optimism from pessimism, for the first time since December 2011 but has risen steadily above that level since January. Copyright Reuters, 2013 ...
Valeant to buy Bausch & Lomb for $8.7bn TORONTO: Valeant Pharmaceuticals International said on Monday it has agreed to acquire eye care company Bausch & Lomb Holdings Inc from Warburg Pincus LLC for $8.7 billion in cash.The deal is expected to transform Valeant into a global leader in eye health by strengthening its capabilities in ophthalmic pharmaceuticals, contact lenses and lens care products, and ophthalmic surgical devices and instruments.The deal, to be financed through debt and equity, will see some $4.5 billion go ...
Barwa plans $5.5bln island to house World Cup fans DOHA: Qatar unveiled plans on Monday to build a $5.5 billion island off the coast of Doha with floating hotels to house soccer fans expected to flock to the country for the World Cup in 2022.Plans for Oryx Island, which would feature luxury villas, a water park, and five floating hotels using cruise ships, were unveiled by Qatari developer Barwa Real Estate, part-owned by Qatar's sovereign wealth fund.The hotels would be able to house as ...
Electric car venture Better Place files to wind up company JERUSALEM: Electric car company Better Place said on Sunday it had filed a motion in an Israeli court to wind up the company, bringing an end to a venture whose battery charging network had aimed to boost electric car sales.Better Place partnered with Renault in 2008 to create an electric car system combining charging terminals with battery swap stations to increase the range of electric cars and put an end to drivers' worries about running ...
Many countries express interest in JF-17 Thunder BEIJING: Many countries around the world are keen in obtaining JF-17 Thunder fighter jet jointly developed by Pakistan and China, said a senior officer of the Pakistan air force."We've been receiving inquiries and expressions of interest on the JF-17 Thunder from many countries in the Middle East, Africa and even as far as South America," Air Marshal Sohail Gul Khan, the chairman of the Pakistan Aeronautical Complex, told China Daily.Pakistan has the privileged to show ...


Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln