Just in:  

You are here: Home»Business»Industries & Sectors

Industries & Sectors


Apple to launch online payment in China: report SHANGHAI: Apple will launch an online payment service in China, media said, as the tech giant seeks to expand in its largest market outside of the US despite fierce competition from local rivals.An Apple Company offering online payment has launched in the Shanghai Free Trade Zone (FTZ), an area set up as a testbed for financial reforms, China News Service reported late Thursday.Apple didn't give a date for the launch, but the company told AFP that CEO Tim Cook hopes to set-up Apple Pay in China "as quickly as possible".Cook previously said that he expects China one day to surpass the United States to become Apple's largest market.But China's e-commerce giant Alibaba dominates the country's online payment sector, with the Paypal-like Alipay taking around 80 percent of the market.Internet firm Tencent is also catching up with a similar service provided via its popular messaging application WeChat.Copyright AFP (Agence France-Presse), 2015 ...

Australian regulator queries Shell's mega deal for BG Group SYDNEY: Australia's competition watchdog Thursday raised concerns about energy giant Royal Dutch Shell's purchase of Britain's BG Group, saying it could raise domestic prices, while delaying a final decision to November.The planned £47-billion (US$72.8 billion) deal announced in April has to be approved by the Australian Competition and Consumer Commission (ACCC) as well as Chinese regulators, and would make Shell the world's second largest oil and gas company.But Commission chairman Rod Sims said the takeover ...
Pinterest claims 100 million users SAN FRANCISCO: More than 100 million users are on Pinterest, the online bulletin board-style service which allows people to "pin" images based on their interests, the California company said Wednesday.Co-founder Evan Sharp told AFP that most of the users "are not just visiting Pinterest once a month, but they're actually discovering something so interesting that they're saving it or are clicking through to the website.""It's 100 million active users, more than 70 percent of whom ...
Volkswagen and Skoda look into Iran market entry FRANKFURT: Volkswagen and its Skoda brand are looking at entering Iran following the country's deal with the West to end sanctions, in a move that could cut their dependence on volatile Chinese and Brazilian markets and challenge French rivals. Iran is already the Middle East's largest car market and analysts believe it could grow rapidly, with a population of almost 80 million and 1.1 million cars sold last year. Investment from Europe and elsewhere could ...
Toyota sees decision on sportscar project with BMW by year-end FRANKFURT: Japan's Toyota Motor Corp and Germany's BMW will decide by year end on whether to develop a common sportscar architecture, Toyota executives said on Wednesday. BMW and Toyota have for some years been collaborating on fuel cell technology, lightweight components, and on possibly jointly developing the underpinnings of a sportscar. Speaking on the sidelines of the Frankfurt auto show, Johan van Zyl, head of Toyota's European operations, said all three projects were progressing well. ...
Telecom Italia stock conversion unlikely at current prices MILAN/LONDON: Telecom Italia is unlikely to proceed with the mooted conversion of its 6 billion savings shares into ordinary stock until the price gap widens between the two share classes, three sources close to the matter said on Wednesday. The Italian group has said it will discuss the possible conversion in the second half of 2015. Such a move would be designed to generate cash for the heavily indebted company, as savings shares do not ...
Renault chief says manufacturing know-how vital for new carmakers FRANKFURT: Renault-Nissan Chief Executive Carlos Ghosn said aggressive hiring of auto industry executives by software companies shows how vital it is for new players to understand manufacturing and vehicle design. The increased use of computing power in vehicles has sparked fears that carmakers could suffer the same fate as some computer manufacturers, who became dependent on outside companies to write an operating system - a step which saw software makers eventually harvest most of the ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln