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Panasonic recalls 300,000 batteries over tablet, PC fire risk TOKYO: Panasonic is recalling more than 300,000 rechargeable battery packs used for tablets and laptops in Japan and overseas due to concerns they may catch fire, the company said Thursday. The electronics giant is recalling more than 107,000 rechargeable battery packs for tablet PCs sold to corporate customers overseas, and almost 208,000 packs for its "Let's Note" laptop computers due to safety concerns. A company statement said: "The batteries are being recalled due to a rare possibility of overheating or igniting due to a manufacturing condition."Since August, there have been four cases of fire involving Panasonic battery packs that had yet to be recalled, in Japan and London, according to Kyodo News Agency. One person sustained minor injuries in a case registered in Tokyo, the article said, citing Panasonic.The company originally issued a domestic recall for around 43,000 battery packs for its "Let's Note" laptop computers in May but this ...

Samsung Electronics chases curved smartphone wave to beat flat-screen crowd SEOUL: Samsung Electronics Co Ltd aims to restore its crumbling lead in the global smartphone industry in part by ramping up high-end devices with curved screens full of advanced technology that's tough for rivals to replicate. Yet as the South Korean giant seeks to make devices like the rigid-curve Galaxy Note Edge stand out from a crowd of flat, big-screen handsets, making money will depend on producing them cost-effectively and coaxing developers to tailor applications ...
Kenya Airways posts H1 loss; tourism hit by attacks, Ebola NAIROBI: Kenya Airways reported a pretax loss of 12.5 billion shillings ($140 million) in the first half of the year, citing a drop in tourism and the halting of routes to Ebola-hit nations in west Africa, its finance director said on Thursday. The carrier, which is part-owned by Air-France KLM , said it had seen lower passenger yields during the period and higher fleet costs. Kenya's tourism industry has been struggling in the wake of ...
Air Berlin says start to Q4 was satisfactory BERLIN: Germany's Air Berlin said it had made a satisfactory start to the fourth quarter and that plans to harmonise its short and medium-haul fleet to all Airbus A320 planes to help reduce costs would be complete by the end of 2016. Loss-making Air Berlin, 29 percent owned by Abu-Dhabi based Etihad, announced new restructuring measures earlier this year in a bid to return to profit, including route changes, job cuts and measures to streamnline ...
AstraZeneca developing reversal agent for blood-thinner Brilinta LONDON: AstraZeneca is developing an antibody treatment to rapidly reverse the blood-thinning effects of its heart drug Brilinta in rare emergency situations, such as urgent surgery or in the event of major bleeding. The drugmaker said on Thursday that the experimental product, MEDI2452, was in pre-clinical tests at its MedImmune biotech unit. There are currently no approved medicines to counteract the blood-thinning effects of drugs such as Brilinta, which work by blocking the action of ...
Rolls-Royce says guidance for this year and 2015 unchanged LONDON: British engineering company Rolls-Royce said there was no change to its guidance for 2014 and 2015, giving some reassurance there had been no further deterioration in the three weeks since it issued a shock profit warning. The company, the second-largest maker of aircraft engines after US group General Electric, saw its shares tumble on October 17 when it said profit would not rise next year, blaming cancelled and delayed orders. Last week, it replaced ...
Ericsson tempers market growth outlook, plans cut costs STOCKHOLM: Telecom equipment and services group Ericsson tempered its outlook for growth in its main market segments on Thursday and said it planned to cut costs by 9 billion Swedish crowns ($1.21 billion) with full effect in 2017. The world's biggest mobile network gear maker it expected growth of 3-5 percent for its total market in 2013-2017, its first numerical stab at such an overall forecast, but also scaled back its expectations for growth in ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln