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China February HSBC PMI at 7-month high but deflation risk persists BEIJING: Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed on Monday, underlying economic fragility that may need more policy support.China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows.The final HSBC/Market Purchasing Managers' Index (PMI) climbed to 50.7 in February - the strongest level since July - from 49.7 in January, as overall new orders picked up.The number was stronger than a preliminary reading of 50.1, which was just above the 50-point level that separates growth in activity from a contraction on a monthly basis.But even as factory activity picked up slightly last month, the survey showed manufacturers struggled to cope with erratic exports and deflationary pressures.The new export orders ...

Japanese firm behind Ebola drug says tests offer 'hope' TOKYO: The Japanese company behind an experimental Ebola treatment says it offers new hope for thousands of people infected with the deadly virus in west Africa, but acknowledged it is "not a miracle drug".In their first comments to media since the release of early clinical trials last week, executives from Fujifilm's drug unit Toyama Chemical said the results were a "good first step" that could lead to larger and better-designed trials.Avigan -- approved for use ...
Wrist action: phone firms bet on 'year of smartwatch' BARCELONA: Defying scepticism and geek-stigma, mobile phone firms are determined this year to sell you a wristwatch wirelessly connected to your mobile phone.Numerous models have hit the market over the past year but 2015 will see an explosion, analysts say, with manufacturers making their watches and other wearable connected devices more elegant and useful.US giant Apple's release of its first "smartwatch" -- expected by April -- is set to make 2015 a "tipping point for ...
Samsung unveils sleek new Galaxy phones to take on Apple SEOUL/BARCELONA: Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim its throne as undisputed global smartphone leader from Apple Inc.Designed from scratch in an operation dubbed "Project Zero", the Galaxy S6 and its curved-edges variant are critical for Samsung's plans to reverse plunging smartphone revenues that led to its first annual earnings fall in three years in 2014.By some estimates, Apple ...
Nokia CEO sees ‘business as usual’; no change to outlook BARCELONA: Nokia, the world's third-largest mobile equipment maker, has seen nothing in its business that would lead it to change its financial outlook, its chief executive said on Sunday."Nothing specific has happened in the past couple of weeks. It is kind of business as usual," Nokia CEO Rajeev Suri said in response to a reporter's question during a press conference ahead of the Mobile World Congress trade show in Barcelona.Suri reiterated previous comments that the ...
IAG to make new proposals on Aer Lingus bid DUBLIN: International Consolidated Airlines Group (IAG) is to make "concrete proposals" to the Irish government next week to try and convince it to sell its 25 percent stake in Aer Lingus, the Sunday Business Post reported. British Airways owner IAG made a 1.36 billion euro ($1.5 billion) bid for Aer Lingus in January, its third takeover approach, and the Irish carrier's board recommended that offer to shareholders. But the deal has stalled due to political ...
China's Huawei enters smartwatch frenzy with round-face models BARCELONA: Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the highly anticipated Apple Watch. At an event tied to the Mobile World Congress in Barcelona, the firm unveiled its Huawei watch line in classic, business and sporty versions, while at the same time across town, Korea's LG Electronics launched a similar round-faced model. Both are ...

 



 
Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln