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JPMorgan hackers accessed servers but stole no money: report BOSTON: Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, the New York Times reported on Friday, citing people familiar with the investigation into the case."We are confident we have closed any known access points and prevented any future access in the same way," the paper quoted JPMorgan spokeswoman Kristin Lemkau as saying.She added that the bank had "not seen any unusual fraud activity" since the intrusion was discovered and said there was no evidence that they have taken any proprietary software or had a blueprint of the bank's network, according to the Times.JPMorgan disclosed late last month that it had been the victim of a cyberattack and was working with US law enforcement authorities to determine its scope.The Times said the attack began in June, was detected in July and that the bank last week briefed financial ...

China Aug factory output up 6.9pc yr/yr, below expectations BEIJING: China's industrial output rose 6.9 percent in August from a year earlier, well below market expectations, the National Bureau of Statistics said on Saturday.Fixed-asset investment, an important driver of economic activity, grew 16.5 percent in the first eight months from the same period last year, also lower than forecast, it said.Retail sales climbed 11.9 percent.Economists polled by Reuters had forecast industrial output to rise 8.8 percent and retail sales to rise 12.1 percent. Fixed-asset ...
China Jan-Aug property investment growth eases to 13.2pc BEIJING: China's real estate investment rose 13.2 percent in the first eight months of 2014 from a year earlier, while revenues from property sales dropped 8.9 percent, the National Bureau of Statistics said on Saturday.The rise in investment compared with an increase of 13.7 percent in the first seven months of 2014. The drop in revenues compared with a fall of 8.2 percent for January to July.Economists believe the cooling housing market poses the biggest ...
Dealmaking picks up as German defence firms react to budget cuts FRANKFURT: Several German defence groups are in talks that could lead to a consolidation of the industry as it struggles with overcapacity and steep cuts in European defence spending. Steel group ThyssenKrupp has started approaching potential buyers for its submarine unit HDW including French peer DCNS, sources familiar with the situation told Reuters. And part-German airplane and defence group Airbus is in the midst of a reorganisation that will see several units and stakes divested ...
Danfoss to pay 1.0bn euros for Finnish Vacon HELSINKI: Danish engineering company Danfoss announced on Friday a bid worth 1.04 billion euros ($1.341 billion) for Finnish air conditioning equipment firm Vacon which, it said, was recommending its shareholders to accept.The two groups said they aimed to become a "global player" in the air conditioning (AC) drives market.Vacon makes drivers which control electric motors.Vacon chief executive Vesa Laisi said in a joint statement that "customers will benefit significantly from the two companies joining forces" ...
Volkswagen deliveries rise 2.7pc in August FRANKFURT: Volkswagen Group on Friday said it delivered 740,500 vehicles in August, a rise of 2.7 percent compared with the year-earlier period.Between January and August, Volkswagen handed 6.52 million cars to customers, a rise of 5.6 percent compared with the year-earlier period.A gain of 6.9 percent in Europe in January-August and a 16.5 percent increase in deliveries in China helped to offset a 4.8 percent drop in demand in the United States."Deliveries by the Volkswagen ...
Ford to launch 4 new car models in India over 18-20 months MUMBAI: Ford Motor Co plans to launch four new car models in India and is looking to increase the amount of locally-made parts to reduce the cost of its vehicles sold in the country, the head of its local unit said on Friday.Ford's sales in India have increased 9.5 percent to 84,469 vehicles in the fiscal year that ended on March 31, pushing up its market share to 3.4 percent from 2.9 percent a year ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln