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Japan's Takata drops after US lawsuits over air-bag defect TOKYO: Takata shares dropped in Tokyo on Wednesday after reports that the embattled Japanese auto parts maker is facing a US class-action lawsuit over an air-bag defect that may have killed several drivers.The stock, which has tumbled more than 40 percent in the past month, fell 5.76 percent to 1,438.0 yen ($13) in morning trade.The company, one of the world's biggest air-bag makers, has been plunged into crisis as it faces serious questions over defects that have been linked to at least four deaths in the US and dozens of injuries.Media reports said that a lawsuit on behalf of affected vehicle owners was filed on Monday in Florida alleging that Takata tried to cover up the potentially deadly defect, which has sparked recalls of millions of cars.The lawsuit, which follows separate claims filed by individuals, also reportedly lists car manufacturers, including Toyota and Honda, as defendants.US law firm Weitz & ...

Facebook shares dive as social network eyes future SAN FRANCISCO: Facebook Tuesday reported its quarterly profit nearly doubled but saw its stock pounded after outlining a plan to invest heavily in the future instead of revelling in short-term riches.Facebook shares, which had been near record levels in recent days, dropped more than eight percent to $74.15 in after-market trades.The drop followed an earnings call in which executives said they will pour money into talent and technologies with the potential to pay off handsomely ...
Facebook warns of increased spending, shares fall SAN FRANCISCO: Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.The hefty spending plans exposed the first signs of stress in the rock-solid support that investors have accorded the social networking company over the past year.With Facebook's mobile advertising business delivering repeated quarters of breakneck revenue growth, the company has faced little pushback from investors ...
BP posts slump in Russian income but raises dividend LONDON: BP's third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to a slump in earnings from the oil major's local partner, Kremlin-controlled Rosneft.BP's overall profits were broadly in line with expectations at $3 billion but down nearly a fifth year-on-year. Its stock posted modest gains as investors welcomed a 5.3 percent year-on-year increase in dividends to 10 cents per share."Despite ...
Honda cuts sales forecast as recalls delay new model roll-outs TOKYO: Honda Motor Co Ltd has trimmed its full-year sales forecast citing "tough" competition in Japan and China as well as the impact of recalls on new-model development, but said a weak yen would help it maintain its operating profit goal.The Japanese automaker also said on Tuesday that operating profit fell 4.1 percent to 164.4 billion yen ($1.52 billion) in the second quarter, missing the 184.1 billion yen average estimate of 14 analysts polled by ...
Telco Zain Saudi Q3 net loss narrows, meets estimates DUBAI: Telecom operator Zain Saudi reported a narrowing third-quarter loss on Tuesday, roughly in line with analyst forecasts as margins improved, provisions fell and Internet usage increased. The company has yet to make a quarterly profit since launching services in 2008 and has struggled to compete against better-resourced rivals Saudi Telecom Co (STC) and Etihad Etisalat (Mobily). Zain Saudi, 37-percent owned by Kuwait's Zain, made a net loss of 316 million riyals ($84.23 million) in ...
Thai Sept exports unexpectedly rebound in good news for military govt BANGKOK: Thailand's exports and imports unexpectedly rebounded in September, a rare piece of good news for the military government which is struggling to revive the economy after seizing power in May.The Southeast Asian country's exports have been struggling at a time when other Asian exporters have started to reap from a recovering US economy and a spurt in global demand for smartphones and other tech goods. Exports, which are equal to more than 60 percent ...


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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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