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Pressure for Yahoo turnaround puts squeeze on Mayer SAN FRANCISCO: Lack of a long-awaited turnaround at Yahoo has put pressure on chief executive Marissa Mayer to prove she has what it takes to revive the faded Internet pioneer.Investors, who were already disappointed by low momentum under Mayer, were given more to worry about this week.A hedge fund with a stake in Yahoo urged the Internet giant Thursday to drop its planned spin off of its holdings in China's Alibaba.The hedge fund, Starboard Value, said the company should instead sell its "core" Internet operations.The request came with Yahoo on track to set up a new corporate entity holding its multi-billion dollar Alibaba stake in the coming months."We have grown increasingly frustrated with your unwillingness to accept our help and your dismissive approach to our serious concerns about the current situation at Yahoo," Starboard said in a letter to Mayer.Copyright AFP (Agence France-Presse), 2015 ...

Mass faintings strike Cambodian factories PHNOM PENH: Hundreds of workers have fainted at Cambodian factories after farmers sprayed insecticide on nearby rice fields, authorities said Friday, in the latest mass fainting episode to hit the country.About 250 workers vomited and fainted on Friday morning at six garment factories at an economic zone one hour outside the capital Phnom Penh, according to a report circulated by Cheav Bunrith, a spokesman for the National Social Security Fund (NSSF), a government agency.The report ...
Australian port lease to China firm under spotlight SYDNEY: Australia is reviewing rules that allow its states to sell strategic assets to foreign firms without federal scrutiny, Prime Minister Malcolm Turnbull said Friday as he defended a port leasing to a Chinese firm.Turnbull was reportedly chided by United States President Barack Obama at the APEC summit in the Philippines over the 99-year lease for the Port of Darwin granted to China's Landbridge Group."Let us know next time," Obama said during their meeting, The ...
Indian Railways' effort to hire disabled staff backfires NEW DELHI: An attempt by Indian Railways to recruit disabled staff backfired badly this week when candidates had to make their way up a building with no lifts or ramps, the Times of India reported on Friday.Indian Railways -- the country's biggest employer -- said it would hire 450 people with disabilities after the Supreme Court ordered it to be more inclusive.But when candidates arrived to sit for an employment test in New Delhi, they ...
GM to make fuel cell pickup truck for US military NEW YORK: General Motors said Thursday it will build a hydrogen fuel cell version of its Colorado pickup for the US Army, giving soldiers a quiet and fuel-efficient reconnaissance vehicle for tough combat environments.GM said the modified Colorado, a mid-sized pickup, would put its fuel cell technology to test under "the extremes of daily military use."It signed a multi-year contract at the end of September with the army's Tank Automotive Research, Development and Engineering Center ...
VW to cut capex as emissions scandal weakens unions BERLIN: Volkswagen is set to announce its first cut in capital spending since the 2009 financial crisis, a sign of how the German carmaker's emissions-cheating scandal is weakening the position of its labour unions. The supervisory board of Europe's largest car manufacturer will approve the cuts on Friday, sources familiar with the matter told Reuters, as the company prepares for the multi-billion euro bill to clean up its biggest ever business crisis. Analysts on average ...
Lufthansa invites unions to discuss retirement schemes, jobs BERLIN: Lufthansa has invited the main three trade unions representing its staff to a round table to discuss job and retirement schemes, it said on Thursday, as the carrier tries to improve relations with staff after damaging strikes.The airline has asked unions representing pilots, cabin crew and ground staff to a meeting on Dec. 2 to discuss retirement and pension schemes as well as job prospects at the carrier's main brand.Lufthansa is trying to cut ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln