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US auto union extends FCA contract as talks continue DETROIT: The United Auto Workers union said on Tuesday it had offered Fiat Chrysler's US subsidiary an "hour by hour" extension of its contract as negotiations continued into the early hours.The union has also offered extensions to GM and Ford while it focuses on reaching a deal with FCA US after its current four-year contracts with the Detroit Three carmakers expired at midnight Monday (0400 GMT Tuesday.).Copyright AFP (Agence France-Presse), 2015 ...

ABB's $4bn grid sale is key to reinvigoration LONDON: Swiss engineer ABB is in strategic review mode. As demand growth slows, it wants to take $1 billion from overall annual costs. Given the strength of the headwinds it is experiencing elsewhere in its large empire, ABB might also conclude it is better off without its power grids unit. Across the board, the engineer is being hobbled by muted investment in the oil and gas industry due to the low oil price. Slowing growth ...
VW China unit to recall 78,000 cars over air bag defect BEIJING: A China unit of Volkswagen will recall 78,000 vehicles over a potential defect that could prevent driver-side air bags from deploying properly, China's safety regulator said on Monday. A potential defect in the steering column could lead the air bag to deploy improperly in certain imported VW vehicles, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement on its website. A Volkswagen spokeswoman did not immediately respond to a ...
Etihad Airways Partners gives price guidance for debut bond DUBAI: Etihad Airways Partners, a funding vehicle for Etihad Airways and airlines in which it has equity stakes, is looking to set a coupon of around 7 percent on a five-year debut bond issue to be priced this week, lead arrangers said on Monday. The dollar-denominated offering will be benchmark sized, the statement from the lead arrangers also said. Benchmark size for an issuer without an investment grade rating - Etihad Airways Partners is rated ...
Airbus to open US jet production plant in a first MOBILE: European jetmaker Airbus is taking its fight for a bigger market share to rival Boeing's backyard on Monday, as it inaugurates its first production plant in the United States.The $600 million facility in Mobile, Alabama, is due to eventually employ about 1,000 workers. The move will also help Airbus cut costs. Alabama has one of the lowest minimum wages in the United States -- $7.25 per hour -- and strikes are rare in the ...
Nintendo names new president after sudden death of CEO TOKYO: Japanese videogame giant Nintendo said Monday it has appointed Tatsumi Kimishima as its new president two months after its chief executive died from cancer. Kimishima, who is currently the head of human resources, will take office on Wednesday, the company said in a press release. The 65 year-old former banker also served as CEO of Nintendo America between 2006 and 2013. The Kyoto-based company said it has named Kimishima in order to "reinforce and ...
'Mario', still super after 30 years PARIS: Super Mario, the hyperactive little plumber who has become one of the best-known characters in video game history, celebrates his 30th birthday on Sunday and Japanese giant Nintendo is marking the event with the release of a creative new format.With his blue overalls, red cap and fulsome moustache, Mario is instantly recognisable, a rare quality in the games market, matched only by a handful of characters such as Lara Croft, Sonic the Hedgehog and ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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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 $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln