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Investors eye Reebok buy from Adidas for 1.7bn euros: report NEW YORK: A consortium of investors from Hong Kong and Abu Dhabi is interested in buying the Reebok brand from Adidas for 1.7 billion euros ($2.2 billion), The Wall Street Journal reported Sunday.Sources close to the matter told the business daily that Jynwel Capital chief executive Jho Low was behind the bid, arguing that Reebok would fare better as an independent brand.And funds linked to the Abu Dhabi government plan to communicate soon with Adidas management, the report said.Adidas bought Reebook in 2006 for three billion euros hoping to pile pressure on US rival Nike. But the German giant still has seen its share of the US market keep shrinking.It has been a tough year for Adidas. The company slashed its annual net profit forecast to about 650 million euros. That was much lower than previous guidance for between 830-930 million euros.Copyright AFP (Agence France-Presse), 2014 ...

Japan to unveil first passenger jet in four decades NAGOYA: The first made-in-Japan passenger aircraft in nearly four decades is being unveiled Saturday as its maker pushes into the booming regional jet sector with an eye to taking on industry giants Embraer and Bombardier.Mitsubishi Heavy Industries, a military contractor best known for its "Zero" World War II fighter, is set to pull back the curtain on its new Mitsubishi Regional Jet (MRJ), a fuel-efficient, next-generation aircraft that claims to offer more passenger comfort with ...
Ukraine's industrial output drops 16.6pc y/y in September KIEV: Ukraine's industrial output fell 16.6 percent year-on-year in September, the national statistics office said on Thursday, reflecting the impact of the separatist war in the industrial east of the country. In August, the industrial production fell 21.4 percent, the biggest drop since the height of the global crisis in 2008-2009. Copyright Reuters, 2014 ...
European car sales accelerate 6.4pc in September: trade body PARIS: New car sales in Europe accelerated by 6.4 percent in September, with data released on Friday showing the thirteenth month running of increases as a recovery in the market spreads across the continent.The European Automobile Manufacturers Association said "substantial growth prevailed in all major markets" in the EU in September with nearly 1.24 million new cars sold.Spain led the pack, with sales jumping by 26.2 percent, thanks mainly to its "cash-for-clunkers" programme, although the ...
Volkswagen to recall more than 500,000 cars in China: report BEIJING: Volkswagen's Chinese joint venture will recall more than 500,000 cars in China due to a defect in the rear axles, state media said Friday.The German automaker, which has been in China since the 1980s, will recall a total of 581,090 cars, the official Xinhua news agency said, citing a statement from China's General Administration of Quality Supervision, Inspection and Quarantine."The administration said it launched an investigation into the cars in August and the recall ...
General Electric third quarter profits rise 10.8pc to $3.5bn NEW YORK: Industrial conglomerate General Electric reported higher earnings for the third quarter Friday, with especially strong profit gains coming in its aviation and oil and gas divisions.GE scored a 10.8 percent increase in third-quarter net income to $3.5 billion, as chief executive Jeff Immelt pointed to "significant" profit margin increases in its industrial businesses. "The environment is volatile, but infrastructure growth opportunities exist, and GE is executing well," Immelt said. GE, often seen as ...
Rolls-Royce cuts forecasts on Russian sanctions LONDON: Rolls-Royce, the British maker of engines, announced on Friday that it was slashing its earnings forecasts partly as result of Western trade sanctions against Russia, causing a share price collapse.Rolls said underlying profit in 2015 would be flat at best compared with 2014 but could come in three percent lower. The company had previously expected earnings to grow next year."In the last few months economic conditions have deteriorated and Russian trade sanctions have tightened, ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln