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German retail sales fall in July FRANKFURT: German retail sales, a closely watched measure of household confidence, fell in July, official data showed on Monday. German retailers' sales dropped by 1.4 percent in July compared with June, the federal statistics office Destatis said in a statement.It was the steepest drop since January 2012 and deeper than analysts' expectations.Retail sales had increased by 1.0 percent the previous month.On a 12-month basis, however, business increased by 0.7 percent in July compared with the same month last year, the statisticians calculated.Retail sales data are subsequent to frequent revision.Copyright AFP (Agence France-Presse), 2014 ...

Google tests using drones to deliver goods SAN FRANCISCO: Google on Thursday said it is testing using drones to deliver items bought online, putting its own spin on similar efforts by Internet retail titan years of research into what Google referred to as "Project Wing" was capped this month with test flights delivering candy, water, medicine, dog treats and other items to two farmers in Queensland, Australia."Self-flying vehicles could open up entirely new approaches to moving goods," California-based Google said in ...
Qantas shares rally as Joyce vows to stay put SYDNEY: Qantas chief executive Alan Joyce brushed off calls to resign as shares in the carrier rallied further Friday after it forecast a return to profit in 2015 following a brutal round of cost cutting.The Australian flag carrier posted a record annual net loss of Aus$2.84 billion (US$2.65 billion) on Thursday, driven by restructuring costs and a writedown of its ageing international fleet.But it also voiced confidence of returning to an underlying profit in the ...
Australian supermarket giant Woolworths lifts profit SYDNEY: Australian supermarket giant Woolworths Friday posted an 8.5 percent rise in its full-year net profit, boosted by growth in its food and liquor business even as its home improvement division struggled.The country's largest food retailer said it was pleased with the Aus$2.45 billion (US$2.29 billion) result for the year to June 30, but that "there is still work to do, particularly in general merchandise and home improvement"."In a highly competitive market with ongoing consumer ...
Malaysia Airlines suspends shares ahead of reform plan KUALA LUMPUR: Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies.State investment fund Khazanah Nasional, which owns 70 percent of Malaysia Airlines (MAS) and has announced plans to de-list and take it private, is expected to detail the reform plans in a press briefing at 3 pm (0700 GMT).In a statement ...
Roald Dahl's 'Revolting Rhymes' pulled from Australian store SYDNEY: An Australian supermarket which withdrew Roald Dahl's "Revolting Rhymes" because of the word "slut" faced a revolt Friday with some shoppers calling for it to be put back on the shelves.German chain Aldi said it pulled Dahl's 1982 reinvention of classic fairytales after "comments by a limited number of concerned customers regarding the language used in this particular book"."Aldi Australia would like to inform all of our customers that we take the concerns of ...
Honda says to recall 63,200 vehicles over Takata air bag defect TOKYO: Honda Motor Co is recalling about 63,200 vehicles due to a defect in driver-side air bags made by Takata Corp, the latest in a series of air bag recalls across the industry that have affected nearly 16 million vehicles to date.Honda is recalling certain CR-V, Civic, Brio and Amaze, model years 2012-2015, mostly in China and other Asian countries, the automaker said on Thursday.It is also recalling vehicles from several countries in Europe, Latin ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln