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Thai Airways targets $5bn ticket sales, to focus on corporates BANGKOK: Thai Airways International PCL on Thursday said the flag carrier is aiming for passenger ticket sales of 157 billion baht ($4.84 billion) in 2014, and that it will focus more on corporate clients to boost revenue. The money-losing airline plans to approach companies in Singapore, China and India to buy its tickets after signing contracts with seven Thai companies, Vice President Surapol Isarakura na Ayutthaya told reporters, without providing 2013 figures. The airline, which is in the process of restructuring, also targets a cabin factor of more than 75 percent in the fourth quarter helped by rising travel demand during the year-end holiday season, he said.Copyright Reuters, 2014 ...

Roche confirms targets as third-quarter sales beat poll ZURICH: Swiss drugmaker Roche affirmed its full-year sales and profit targets on Thursday after a strong performance by its new breast cancer drugs helped it beat expectations in the third quarter. The world's largest maker of cancer drugs said sales rose 5 percent to 11.78 billion Swiss francs ($12.5 billion), slightly ahead of the average forecast of 11.57 billion in a Reuters poll. Roche confirmed its guidance for low-to-mid single digit sales growth this year ...
Nestle says 9-month sales growth misses poll as Asia slows VEVEY: Food group Nestle stood by its full-year outlook on Thursday as slowing growth in Asia and continued price erosion in Europe weighed on underlying sales growth in the first nine months of the year. Sales at Nestle stood at 66.2 billion Swiss francs ($70.29 billion) in the nine months to September, roughly in line with analysts' average estimate of 66.78 billion francs, according to a Reuters poll. Underlying "organic" growth, which is adjusted for ...
Taiwan's TSMC Q3 profit T$76.3bn, beats expectations TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chip manufacturer, reported third-quarter net profit of T$76.3 billion ($2.51 billion) on Thursday, as the firm's main smartphone clients geared up for the year-end holiday shopping rush. During the July-September period, the company beat profit expectations of T$72.9 billion from 21 analysts polled by Thomson Reuters. TSMC had reported net profit of T$59.7 billion in the second quarter and T$52 billion in the same ...
China Commerce Ministry says export figures normal, will monitor flows to HK SHANGHAI: China's Commerce Ministry said that strong exports in September were normal but it will monitor flows to Hong Kong, appearing to respond to suspicions that Chinese currency speculators have returned to manipulating trade invoices to bet on a rising yuan.Beijing has struggled to prevent currency speculators from using simulated trade between Hong Kong and bonded customs zones using metals or lightweight items such integrated circuits to get more yuan on hand, circumventing controls on ...
China large steelmakers' daily output inches up in early Oct BEIJING: Average daily crude steel output from China's large steel mills inched up 0.8 percent to 1.8 million tonnes in the first 10 days of October, data from the China Iron and Steel Association (CISA) showed on Thursday.CISA also said that steel product stockpiles at major mills reached 15.689 million tonnes by Oct. 10, up 5.2 percent compared to the end of September.According to a research note by online trading portal, five of CISA's ...
Statoil's CEO quits for top job at BG Group OSLO/LONDON: Statoil's long-serving chief executive Helge Lund unexpectedly quit on Wednesday to take on the top role at smaller rival BG, where he has been promised a big pay rise if he can turn round the flagging British gas and oil producer.Lund, who in 10 years transformed Norway's once domestic-focused state oil firm into a $77 billion international major, now faces a new set of problems at BG, Britain's third-largest energy firm, which has been ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln