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Japan carrier ANA says Q1 profit more than doubles to $68mn TOKYO: Japanese carrier ANA said Wednesday its net profit more than doubled to $68 million for the April-June quarter thanks to strong results in its international business on the back of a weak yen.ANA Holdings, the parent company of All Nippon Airways, reported a group net profit of 8.4 billion yen for the first quarter of the fiscal year to March 2016, up from 3.5 billion yen a year earlier.Copyright AFP (Agence France-Presse), 2015 ...

GM to double Brazil investment through 2018 SAO PAULO: General Motors Co plans to double its investment in Brazil to 13 billion reais ($3.8 billion) through 2018 and introduce a new family of vehicles into the country, executives at the US carmaker said on Tuesday. Speaking at a press conference in Sao Paulo, Jaime Ardila, the head of GM in South America, said the company's investment in Brazil would be aimed at developing new technologies and products, not in increasing capacity. Earlier ...
Daimler, Renault say Aguascalients initial capacity over 230,000 cars FRANKFURT: Daimler and Renault said their new production plant for Mercedes-Benz and Infiniti cars in Aguascalientes, Mexico, will employ some 3,600 staff and have an initial production capacity of more than 230,000 vehicles. Production of Infiniti vehicles will begin in 2017 with the first Mercedes-Benz vehicles due to roll off the production line in 2018, Daimler said in a statement. Depending on market developments and customer demand, there will be potential to add further capacity, ...
Vodafone plans up to 1,300 job cuts in Spain MADRID: British telecom giant Vodafone said Tuesday it planned to lay off up to 1,300 workers, about a fifth of the workforce, from its Spanish division which bought cable provider ONO last year.Vodafone Espana and ONO said they would launch a month of negotiations with labour unions in September to reach "the best agreement possible for employees and both companies" on the layoffs."The collective dismissal procedures will affect a maximum of 1,300 people" out of ...
VW overtakes Toyota as world's biggest carmaker MUNICH/TOKYO: Volkswagen overtook Toyota as the world's largest carmaker by sales in the first half, achieving its long-held ambition three years ahead of target.Japan's biggest automaker said on Tuesday it sold 5.02 million cars between January and June, a 1.5 percent decline on year-ago levels and fewer than the 5.04 million deliveries VW reported on July 17.Toyota, due to announce first-half earnings next Tuesday, said its six-month sales were dragged down by a slowdown in ...
BHP cutting 37pc of Melbourne office staff SYDNEY: Global mining giant BHP Billiton is cutting 37 percent of the staff at its Melbourne headquarters, Sky News Australia reported. BHP has been working to create greater efficiencies, with its latest production report showing double-digit price falls for all of its main commodities.Copyright Reuters, 2015 ...
BP falls into Q2 loss on oil spill charge, price slump LONDON: BP said Tuesday it sank into the red in the second quarter, after taking a vast $10.8-billion (9.8-billion-euro) hit on costs linked to the deadly 2010 Gulf of Mexico oil spill.The British energy giant's performance also took a heavy knock from slumping global oil prices.Losses after taxation stood at $5.82 billion (5.26 billion euros) between April and June, BP said in a results statement. That contrasted with net profit of $3.37 billion in the ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln