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Toyota says likely to seek damages from Nippon Steel over soot, tar stains on cars TOKYO: Toyota Motor Corp is likely to seek damages from Nippon Steel & Sumitomo Metal Corp , the automaker said, after smoke released in June from the steelmaker's Nagoya plant left soot and tar stains on Toyota vehicles parked at shipping yards. Japan's biggest automaker said on Wednesday soot and tar stuck to around 23,000 vehicles that were parked at two yards in Aichi prefecture, central Japan, after a power failure at the Nippon Steel Nagoya plant on June 22 led to the release of smoke from coke ovens. Around 20,000 of the vehicles were for export to various countries excluding North America, while the rest were due for sale in Japan, Toyota spokeswoman Kayo Doi said. Overseas vehicle shipments are expected to be delayed by a week to a month and domestic shipments by around three weeks, she said. Toyota employees are working to clean the surface of the ...

Google adds former Ford Motor Company chief to board SAN FRANCISCO: Google on Tuesday announced that former Ford Motor Company chief Alan Mulally has joined it board of directors.The auto and aviation industries veteran joined the Google board as the California technology firm continued to steer a self-driving car toward the market.Mulally was appointed to the California technology titan's board on July 9, according to a blog post."Alan brings a wealth of proven business and technology leadership experience," Google chief Larry Page said in ...
Mayer 'not satisfied' as Yahoo results disappoint SAN FRANCISCO: Yahoo on Tuesday reported quarterly earnings showing a revenue slump and prompting chief executive Marissa Mayer to declare "we are not satisfied."Net profit in the second quarter dropped 19 percent from a year ago to $270 million, in results weaker than expected.Revenue meanwhile fell four percent to $1.08 billion, also below analyst expectations."Our top priority is revenue growth and by that measure we are not satisfied with our Q2 results," Mayer said in ...
Qatar Airways seeks compensation over 'disappointing' A380 delay FARNBOROUGH: Qatar Airways is demanding compensation from Airbus for failing to deliver its A380 aircraft on time, the airline's boss said Tuesday, calling the delay "absolutely disappointing".The first of 13 A380 superjumbos ordered by Qatar was scheduled to be delivered in May and exhibited during the industry's key trade show at Farnborough in Britain."There are issues with the interior and exterior of the airplane," said Akbar al Baker, the airline's chief executive, elaborating on the ...
Volkswagen plans $250mn investment in India New DELHI: German carmaker Volkswagen AG plans to spend 15 billion rupees ($250 million) in India over the next five to six years, a senior company executive told reporters on Tuesday.Mahesh Kodumudi, president and managing director of Volkswagen India Pvt. Ltd., also said the company could increase its India plant capacity to 200,000 cars a year from 130,000.Volkswagen is evaluating manufacturing engines in India, Kodumudi said.The company on Tuesday launched a revamped model of its ...
Japanese leasing company orders 115 Airbus jets for $11.7bn: firm FARNBOROUGH: SMBC Aviation Capital, the Japanese aircraft leasing company, has signed an order for 115 single-aisle A320 Airbus planes costing $11.7 billion (8.6 billion euros) at list prices, it said on Tuesday."This new order is the industry's largest ever single firm order by a worldwide leasing company for single-aisle aircraft," SMBC said in an announcement made at the Farnborough airshow near London.Copyright AFP (Agence France-Presse), 2014 ...
Boeing says wins $3.9bn planes order from Air Lease FARNBOROUGH: US planemaker Boeing said on Tuesday that Air Lease Corporation had ordered 26 of its passenger jets in a deal worth $3.9 billion (2.9 billion euros)."Boeing and Air Lease Corporation announced today an order for 26 airplanes -- six 777-300ER and reconfirmed 20 737 MAX 8 airplanes, valued at $3.9 billion at current list prices," said a statement issued at the Farnborough airshow.Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln