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Merck KGaA sees slight increase in 2015 DARMSTADT: Germany's Merck KGaA said underlying core earnings would stagnate or grow only slightly this year as it spends money on developing a new immunotherapy against cancer and as its injectable multiple sclerosis drug Rebif faces strong competition from oral treatments.The outlook does not yet take into account the effect of the planned takeover of US-based lab supplies maker Sigma-Aldrich , the company said on Tuesday.Merck, a maker of drugs, high-tech chemicals and lab supplies, also said fourth-quarter earnings before interest, taxes, depreciation, amortisation (EBITDA) and one-offs rose 10.5 percent to 878 million euros ($983 million), surpassing the 870 million euros expected on average by analysts polled by Reuters.Copyright Reuters, 2015 ...

Profit at Embraer seen falling as focus turns to cash flow SAO PAULO: Brazilian planemaker Embraer SA is likely to post falling fourth-quarter profit, as soft deliveries to airlines put profitability targets at risk and taxes rose on a currency tumble, a Reuters poll showed on Tuesday.Embraer's net income probably slipped 39 percent from a year earlier, according to the average forecast of eight analysts in the poll. Some analysts did not include the tax impact of the currency swing in their estimates.Even more concerning than ...
flydubai's 2014 profits up 12.3pc at $68mn DUBAI: Dubai's no-frills carrier flydubai said Tuesday that 2014 net profit rose 12.3 percent to $68 million (60.7 million euros), as it expanded its routes and number of flights. Revenues at state-owned flydubai hit 4.4 billion dirhams ($1.2 billion), up 19.1 percent, a statement said.The carrier said it added 23 new routes to its network and increased frequencies on several destinations, operating 1,400 flights per week. CEO Ghaith al-Ghaith said "2014 saw flydubai open up ...
Australia orders fast sale of $30mn mansion bought "illegally" by China's Golden Fast Foods SYDNEY: Australia on Tuesday announced it was forcing the Chinese owner of an A$39 million ($30.50 million) Sydney mansion to sell up within 90 days, the first such crackdown on foreign investment in residential real estate since 2006."Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, owned by Hong Kong-listed Evergrande Real Estate Group through a string of shell companies in Australia, Hong Kong and British Virgin Islands, Treasurer Joe Hockey ...
Evonik optimistic for 2015 after Q4 turnaround FRANKFURT: German diversified chemicals maker Evonik said it was optimistic that sales and earnings will rise this year after a fourth-quarter turnaround helped it meet its 2014 targets.Evonik's adjusted core profit or earnings before interest, taxes, depreciation and amortisation (EBITDA), jumped 18 percent in the quarter to 442 million euros ($495 million), while revenue rose 4 percent to 3.23 billion euros.Both were slightly ahead of average estimates in a Reuter’s poll."We did our homework and ...
Zumtobel net loss higher than expected VIENNA: Austrian lighting group Zumtobel posted a higher than expected net loss of 13.4 million euros ($15 million) on Tuesday on an adjusted operating profit of 4.3 million euros, also below the average estimate in a Reuters poll of analysts.Analysts polled by Reuters had on average expected third-quarter adjusted earnings before interest and tax (EBIT) to remain stable at 7.61 million euros and a net loss of 4.7 million euros.Zumtobel's earnings will be hit by ...
Glencore 2014 profit in line, takes $1.1bn charge on commodity prices LONDON: Miner and commodity trader Glencore said on Tuesday that it had taken an impairment charge of $1.1 billion on lower commodity prices, as it posted a 2 percent fall in 2014 core profit, in line with analysts' expectations. Core adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $12.8 billion, said Glencore, which differs from its competitors in having a large trading division, in addition to mining and oil assets.Earnings from its marketing ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln