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Sharp drops to 5-month low on report of new share issue TOKYO: Shares in Sharp Corp fell to a five-month low on Monday after the Asahi newspaper said Japan's largest display maker is considering another issue of new shares that could raise around 200 billion yen ($1.97 billion) to bolster its stretched finances. The Osaka-based company said in a statement on Sunday that it was considering a variety of possibilities to boost its capital but had made no concrete decisions, adding that the report was not based on a release by the company. Sharp would aim to launch the offering during the current financial year to March 2015 after a restructuring of its flagship Kameyama LCD panel factory and putting its earnings on a solid recovery path, the Asahi daily reported on Sunday.Sharp raised about 140 billion yen in the final months of 2013 but its equity ratio - a key measure of financial stability - stood at just 13 percent ...

Sharp eyes another share offering, could raise $2bn TOKYO: Sharp Corp, Japan's largest display maker, is considering another issue of new shares that could raise around 200 billion yen ($1.97 billion) to replenish its depleted capital base, the Asahi newspaper reported on Sunday. Sharp is aiming to launch the offering during the current financial year to March 2015 after carrying out restructuring at its flagship Kameyama LCD display factory and putting its earnings on a solid recovery path, the newspaper said. No one ...
Poland WARSAW: Poland's telecom firm Netia will stick to its plan to pay about 146 million zlotys ($48.50 million) in an annual dividend to shareholders, its outgoing chief executive Miroslaw Godlewski told daily Parkiet in an interview.The amount translates into about 0.42 zlotys per share.Godlewski, who announced earlier this year that he would leave his post later in 2014, also said Netia should be able to maintain that level of dividend payouts in the medium term."This ...
LATAM Airlines says passenger traffic up 1.6pc in March SANTIAGO: LATAM Airlines Group SA, Latin America's largest carrier, said on Friday that total passenger traffic rose 1.6 percent in March year over year. The company was formed in 2012 from the tie-up of Chile's flagship LAN and Brazilian airline TAM. In March, Brazilian domestic passenger traffic increased 6.5 percent, while non-Brazil domestic passenger traffic rose 5.4 percent, the carrier said in a statement.The company has been cutting capacity in Brazil to boost efficiency and ...
Mexico Feb industrial output rises less than expected MEXICO CITY: Mexican industrial production in February rose for a second straight month, suggesting an economic recovery in Latin America's No. 2 economy was gaining steam but the expansion was not as strong as expected. February industrial activity rose 0.3 percent compared with January, the national statistics agency said on Friday, compared to expectations for a 0.45 percent increase and the upwardly revised 0.6 percent expansion in January, the fastest in nearly a year. Analysts ...
India February industrial output slides surprise 1.9pc NEW DELHI: India's industrial production slid a surprise 1.9 percent in February, data showed Friday, underscoring the big economic revival task facing the new government that emerges from elections now under way.The tumble in output in February from India's mines, factories and utilities from the same month a year earlier was a surprise to investors and analysts, who had forecast a rise of 0.9 percent.Manufacturing output, which accounts for over three-quarters of the Index of ...
Telefonica offers EU concessions for E-Plus deal ATHENS: Spanish telecoms provider Telefonica has offered concessions in a bid to secure European Union antitrust approval for its proposed takeover of KPN's E-Plus unit in Germany, the European Commission said on Friday. The 8.6-billion-euro ($11.94 billion) deal could spur more consolidation in the telecoms sector, which faces its fifth year of declining revenues in 2014. However, this could be held back if regulators demand stringent concessions in return for their approval. The EU competition ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln