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Roche biotech unit submits skin cancer drug application to US regulator ZURICH: Genentech, US biotech unit of Swiss drugmaker Roche holding, said on Monday it had filed a marketing application to US regulators for the use of its experimental drug in combination with another medicine to treat an advanced form of skin cancer. Cobimetinib is designed to be used with another Roche drug called Zelboraf for patients with tumours that have a mutation in a gene known as BRAF that allows melanoma cells to grow.When used in this way, the drug helped people with advanced melanoma live longer without their disease worsening, results of a Phase III trial showed in July. Copyright Reuters, 2014 ...

Indonesia's annual auto sales drop 18.4 percent y/y in November JAKARTA: Indonesia's auto sales in November dropped 18.4 percent from a year earlier, the third straight monthly decline, as demand eased after a hike in fuel prices, data from industry association Gaikindo showed on Monday.On a monthly basis, sales also fell 13.4 percent compared with a 2.6 percent increase in October.Rupiah depreciation also weakened demand for completely built up (CBU) cars.In November, Toyota Motor Corp led sales, followed by Daihatsu Motor Co Ltd, and Honda ...
Volvo to launch online car sales in marketing shift PARIS: Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. The Swedish carmaker, controlled by China's Geely, will gradually introduce web sales and spend more on digital advertising, it said as it outlined changes to its global marketing strategy on Monday. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief ...
Australia new vehicle sales dip 0.6pc in November SYDNEY: Australian new vehicle sales dipped in November but still topped the one million mark for the year so far, the Australian Bureau of Statistics reported on Monday. The data showed 91,869 new vehicles were sold in November, seasonally adjusted, down 0.6 percent from October when sales had eased 1.8 percent. Sales were down 3.8 percent on November last year. Sales of passenger vehicles fell 1.1 percent in the month, but demand remained solid for ...
CEZ to close its Bulgarian thermal plant in January SOFIA: Czech power utility CEZ will wind down operations of its coal-burning plant in Bulgaria on Jan. 1, after it failed to get an exemption from European Union environmental rules, the company said on Saturday.CEZ had hoped Brussels may allow the plant to continue operations during the winter as part of measures to secure energy stability given the risk of disruptions due to EU tensions with Russia, which provides almost all of Bulgaria's gas supplies. ...
Korean Air chief steward in nut row says insulted, forced to kneel SEOUL: The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and forced to kneel down to apologise to the executive.In a case that sparked public outrage and ridicule over her treatment of flight crew, Heather Cho, the daughter of the airline's chairman and head of in-flight service, reprimanded the cabin crew chief and ...
China accuses ex-Bright Food chair of embezzling $31mn BEIJING: A court in eastern China has accused the former chairman of state-owned Bright Food Group Co Ltd of embezzling some $31 million and of accepting bribes, state media reported.The allegations against Wang Zongnan relate to his time at state-owned companies Shanghai Friendship Group and Lianhua Supermarket Holdings Co Ltd.Wang was general manager at Shanghai Friendship Group and then at Lianhua Supermarket before becoming chairman at Bright Food in 2006 until his resignation for health ...


Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln