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Airbus aircraft orders surged in April PARIS: Airbus appeared to take the lead in the order race with Boeing last month, leapfrogging its rival with confirmation of a major Latin American order as Boeing prepared to issue its own final data for the first four months of 2015. The European planemaker won orders for 229 aircraft between January and April and delivered 196 planes to customers. After cancellations, net orders totalled 209 aircraft, Airbus said on Thursday. Boeing started the year with a lead against Airbus in both orders and deliveries in the first quarter. Between the start of the year and April 28, the latest period for which data is available, Boeing sold 139 aircraft, or a net total of 114 after 25 cancellations. Colombian carrier Avianca this week firmed up an order for 100 narrowbody Airbus jets in a $10 billion deal first announced in February. The order includes 98 A320neo and 2 A319neo, ...

Emirates airline 2014 profit up 40 pct on lower oil price DUBAI: Fuel savings helped Dubai's Emirates post a 40 percent jump in annual profit on Thursday as the state-owned firm's chairman rejected claims by US rivals that it benefited from subsidies. The airline, one of the world's largest carriers of international passengers, posted a profit of 4.56 billion dirhams ($1.24 billion) for the financial year to March 31, up from 3.25 billion dirhams from a year earlier. The latest profit increase comes after a coalition ...
E.ON says profits down in Q1 FRANKFURT: E.ON, Germany's biggest power supplier, said on Thursday that profits were down in the first three months of the current year, as a result of low electricity wholesale prices and difficulties in its fossil fuel activities.E.ON said in a statement that its net profit fell by 15 percent to 1.007 billion euros ($1.14 billion) in the period from January to March, in line with expectations. Underlying or operating profit was down 9.0 percent at ...
BT posts rising annual profits LONDON: British telecoms and broadcasting firm BT, which is buying mobile operator EE, posted rising annual profits Thursday on keen demand for its broadband Internet services.Underlying profit, or earnings before interest, tax, depreciation and amortisation (EBITDA), climbed three percent to £6.3 billion ($9.5 billion, 8.4 billion euros) in the 12 months to March, compared with the previous 2013/2014 financial year, BT said in a results statement.Pretax profit gained 14 percent to £2.645 billion, but revenues ...
Munich Re feels pinch of low interest rates in Q1 FRANKFURT: German reinsurance giant Munich Re said on Thursday that its profits were hit by the low-interest rate environment in the first quarter, but it is standing by its full-year targets. "Munich Re has started off 2015 with a pleasing quarterly profit," the company said in a statement.Net profit for the period from January to March declined by 15.6 percent to 790 million euros ($898 million). Underlying or operating profit fell by 25 percent to ...
Emirates Airline annual profits surge 40pc to $1.2bn DUBAI: Dubai's Emirates Airline said on Thursday annual profits surged 40 percent to $1.2 billion as revenues increased and fuel costs dropped.The Middle East's largest carrier said revenues rose seven percent to $24.2 billion with passenger numbers up 11 percent to 49.3 million in the financial year 2014-15.The company said a significant drop in the price of jet fuel had reduced operating costs by seven percent to $7.8 billion.Fuel represented 35 percent of operating costs, ...
Nintendo swings to $350mn annual net profit but outlook weak TOKYO: Nintendo said on Thursday it swung to $350 million annual profit thanks to a weak yen and upbeat sales of its Wii U console, but the Japanese videogame giant said its bottom line would shrink this year.The Super Mario creator reported a 41.8 billion yen ($350 million) net profit for the fiscal year to March, reversing a loss of 23.2 billion yen a year earlier, while it forecasted a 35 billion yen net profit ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln