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French firm Total's 3Q profits down PARIS: French energy firm Total, reeling under the death of its chief in a plane crash, said Wednesday that its net profits had fallen in the third quarter due to a slump in the production of hydrocarbons.The company's net profits fell 6 percent between July and September to $3.4 billion, compared to the same quarter last year. Turnover also declined by 2 percent to $60.36 billion, a statement said.Profit excluding changes in inventories fell by 2 percent to $3.56 billion.Hydrocarbon production fell 8 percent during the third quarter, partly due to the loss of concessions in the United Arab Emirates."The results are better than the last quarter," said finance director Patrick de La Chevardiere.Total's boss Christophe de Margerie died last week when his private jet crashed in Russia. Copyright AFP (Agence France-Presse), 2014 ...

Air France results hit by record pilots' strike PARIS: Air France on Wednesday said its third quarter results had taken a bashing due to a record pilots' strike, with turnover falling by 416 million euros ($530 million).The Air France-KLM group, Europe's second-biggest airline, was already in difficulty when the pilots went on strike between September 15 and 28 in protest at the group's plans to expand its low-cost subsidiary Transavia France.Half the carrier's fleet was grounded during the protest. In September, passenger traffic ...
Air France-KLM Q3 profit falls sharply after strike PARIS: Air France-KLM said on Wednesday its third-quarter operating profit more than halved to 247 million euros (315 million), while revenue fell 6.7 percent due to the combined effects of last month's pilot strike and a sluggish market environment. On a like-for-like basis, revenue rose 0.2 percent and operating income fell just 18 million euros, it said. Europe's second-largest network carrier by revenue fine-tuned its estimate for the cost of the two-week strike, saying it ...
Sanofi holds special board meeting on management PARIS: Sanofi will hold a special board meeting on Wednesday at 0700 GMT to examine the French drugmaker's management structure, a source close to Sanofi told Reuters amid uncertainty over the future of its chief executive.The board directors were hastily convened to the meeting on Tuesday evening, the source said. Representatives for Sanofi did not immediately reply to requests for comment outside of regular business hours.Sanofi Chief Executive Chris Viehbacher had been unable to say ...
Samsung donates 2 Echocardiography units & 1 Ultrasound Color Doppler to JPMC LAHORE: Samsung Electronics view themselves as a highly conscientious corporate citizen of Pakistan. A few months back, this global technology leader had generously donated two units of the latest Samsung Echocardiography machines and an Ultrasound Color Doppler machine to the Jinnah Postgraduate Medical Center in Karachi. These machines are now being used for the free-of-cost treatment of thousands of deserving patients. These cutting-edge machines have been installed at the Department of Radiology – Cyberknife Robotic ...
SK Telecom reports 5.7pc rise in Q3 net profit SEOUL: South Korea's top wireless operator SK Telecom said Wednesday its net profit rose 5.7 percent in the third quarter, helped by the strong performance of its affiliates and new subscriptions.Net profit for July to September stood at 531 billion won ($507 million) compared with 502 billion won a year ago, the company said.Third-quarter operating profit fell 2.7 percent to 536 billion won due to heavy marketing costs and increased competition.The company said sales rose ...
China to merge two top state-owned train makers SHANGHAI: China will soon merge its two biggest train makers to create a multi-billion-dollar firm as it seeks export markets for its high-speed railway technologies, the official Xinhua news agency reported, citing sources in the firms.The two state-owned companies, China CNR Corp. and CSR Corp., are likely to release "important news" this weekend, the sources told Xinhua late Tuesday following market speculation of a merger.CNR and CSR both supply trains for China's high-speed rail network, ...


Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90

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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