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Sony vows to survive after hackers promise 'gift' CULVER CITY: Sony Pictures vowed Monday that it will not be destroyed by a massive cyber attack, a day after hackers promised a big "Christmas gift" for the Hollywood studio.Staff were called together in Los Angeles to hear how the company is responding to the November 24 hacking attack, which has produced a string of damaging and highly embarrassing leaks."This will not take us down," Sony Pictures chief Michael Lynton told employees, cited by a Sony source, adding: "You should not be worried about the future of this studio."Staff, who applauded their bosses at 20 minute meetings according to the source, declined to comment to AFP as they emerged from company headquarters.The meetings were also addressed by the company's co-chairwoman, Amy Pascal, who apologized again for some of her leaked email comments, according to entertainment industry news website Deadline Hollywood.In those emails Pascal notably made racially insensitive remarks about President ...

Ikea ruffles a few feathers with first Korean store SEOUL: Global furniture giant Ikea opens its first store in South Korea on Thursday, a much-anticipated market entry that has stumbled at a number of commercial and cultural hurdles along the way.Expectations are high for the Swedish firm's 131,550 square-metre (32.5-acre) outlet in the city of Gwangmyeong, south of Seoul, especially among young, urban consumers.Koreans have long lamented a lack of choice in a domestic furniture market often criticised for its overpriced, limited designs. But ...
Hitachi, Switzerland's ABB eye power-transmission tie-up TOKYO: Japan's Hitachi and Swiss engineering giant ABB are close to setting up a joint venture to market power transmission equipment in Japan, as they eye deregulation of the heavily protected sector, a report said Tuesday.The deal would see Hitachi -- which declined to comment on the story -- take a majority stake in the new business and appoint its chief executive, Japan's leading Nikkei business daily reported without citing sources.The news comes as Japanese ...
India's Maruti to raise car prices by 2-4pc from Jan MUMBAI: Maruti Suzuki India Ltd , India's largest carmaker, plans to raise prices of its cars by 2 to 4 percent from January due to an increase in input costs, its executive director R.S. Kalsi said on Monday.Maruti joins carmakers including Indian units of BMW AG and General Motors Co that also plan to raise prices of their cars by up to 5 percent from January, the companies have said earlier.The increase in prices come ...
AirAsia confirms order of 55 Airbus A330Neos for some $15bn PARIS: Malaysian low-cost carrier AirAsia X confirmed Monday its order of 55 long-haul A330Neo passenger planes from Airbus at a list price of $15 billion, in what is the biggest single order for the line of aircraft.Since signing an agreement to purchase 50 of the new-generation A330s in July, AirAsia X has added five more planes to its order, the group said in a statement.Airbus will begin delivering the fleet in 2018, AirAsia X said.The ...
Alibaba boss taps up Taiwan youth amid protests TAIPEI: Anti-Beijing protesters chanted outside a high-level business meeting in Taiwan Monday where the founder of China's e-commerce giant Alibaba called on the island's youth to start businesses on the mainland.Trade with China is a particularly sensitive topic as fears grow over the mainland's increased influence on Taiwan -- a factor which contributed to the ruling Beijing-friendly party's worst-ever polls defeat at recent local elections in Taiwan.Alibaba founder Jack Ma, who recently became Asia's richest ...
UK building materials giant CRH sells units for £414mn LONDON: British building materials group CRH has sold its clay and concrete activities in Britain and its clay business in the United States for £414 million, it said Monday.CRH has agreed to sell the divisions to funds managed by private investment firm Bain Capital for the equivalent of 523 million euros or $650 million, it revealed in a statement.The London-listed group is selling clay businesses Ibstock in Britain and Glen Gery in the United States, ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln