Just in:  

You are here: Home»Business»Industries & Sectors

Industries & Sectors


New car sales slow in Europe in November PARIS: Car sales in Europe braked in November due to a slowdown in demand in Germany and France, the European automobile-makers' association said on Tuesday.Sales growth slowed to 1.4 percent, making it the worst month in a year of rising sales, the ACEA said.A total of 954,000 cars were registered in November, compared with 940,000 in the same month last year.The November figure was a sharp slowdown compared with rises of over six percent in September and October, but growth for the year is expected to reach 5.7 percent.Copyright AFP (Agence France-Presse), 2014 ...

German investor sentiment jumps again in December: ZEW BERLIN: Investment sentiment in Germany rose sharply in December after a strong rebound the previous month, a survey found on Tuesday.The widely watched investor confidence index calculated by the ZEW economic institute jumped by 23.4 points in December, after rising for the first time this year in November, ZEW said in a statement.Copyright AFP (Agence France-Presse), 2014 ...
German retail giant Metro swings back to profit BERLIN: German retail and distribution giant Metro said Tuesday it had returned to profit during its 2013/14 business year thanks to a strong fourth quarter.The company's net profit for the fiscal year ending September 30 reached 127 million euros ($158 million) in a turnaround from a 35 million euro loss the previous year. Metro, based in the western city of Duesseldorf, cited restructuring and better results from its Media-Saturn electronics stores in particular as factors ...
India's newest airline gets permit to fly MUMBAI: India's newest airline said Tuesday that it has received an air permit to begin flying in the country.Vistara, jointly owned by Singapore Airlines and the Mumbai-based Tata conglomerate, said it would soon make an announcement on the start of sales, routes and schedules."Vistara has received the Air Operator Permit (AOP) from the regulatory authority," airline spokeswoman Bhakti Arora said in an email.Vistara, whose name means "limitless expanse" in Sanskrit, will be headquartered in New ...
$400mn fine for disgraced China rail chief's ally BEIJING: A Chinese businesswoman was fined $400 million and given a 20-year prison sentence Tuesday after she was found guilty of colluding with a former rail chief jailed for corruption.Ding Shumiao had taken two billion yuan ($322 million) in "agent fees" for helping former railways minister Liu Zhijun set up 57 rail projects involving 23 companies, Beijing's No. 2 Intermediate People's Court said.The 58-year-old also gave Liu 49 million yuan, added a statement posted on ...
Vodafone to get C$850mn Canada finance, mainly for BlackBerry OTTAWA: British mobile phone operator Vodafone Group PLC will get C$850 million ($726 million) in Canadian trade financing to help it buy enterprise services from BlackBerry Ltd, Ottawa said on Tuesday. Export Development Canada (EDC) said that C$750 million would go to BlackBerry, while the remaining C$100 million was for future procurement from Canadian suppliers. "Vodafone's global presence makes it a company that Canada's telecom sector has to have a relationship with," EDC Senior Vice-President ...
Microsoft builds support over Ireland email case NEW YORK: Microsoft said it had secured broad support from a coalition of influential technology and media firms as it seeks to challenge a US ruling ordering it to hand over emails stored on a server in Ireland.The US technology giant, which says it has the backing of global heavyweights including Apple and Amazon, has for several months defied a court-ordered search warrant aimed at giving US agents investigating drug-trafficking access to a customer's emails.As ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln