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Suzuki Motor to recall 453,000 minivehicles in Japan TOKYO: Suzuki Motor Corp on Thursday issued a recall of 453,225 minivehicles in Japan to fix a defect in the blower fan motor of the air-conditioning unit that has resulted in three fires so far. Subject to the recall are 407,878 Every microvans and 45,347 Mazda Scrum models manufactured between August 2005 and March 2010, according to a filing with the transport ministry. Suzuki makes the Scrum under an original equipment manufacturing (OEM) deal for Mazda Motor Corp. Minivehicles, which have an engine displacement of up to 660cc, are only sold in Japan. Copyright Reuters, 2014 ...

Hyundai turns on Gangnam style to win $10bn land bid SEOUL: In a battle between South Korea's richest industrial giants, Hyundai outbid Samsung to grab Thursday a $10 billion plot of land in Seoul's upscale Gangnam district, which media said was the country's biggest ever property deal.The 79,345 square metre (19.6 acre) plot belonged to the state-run Korea Electric Power Corp (KEPCO) and was initially valued at around 3.3 trillion won ($3.0 billion).In the end, Hyundai -- the country's top automaker -- went way beyond ...
Sky Deutschland advises investors to shun BSkyB offer FRANKFURT: The management of pay-TV provider Sky Deutschland has advised minority investors not to accept an offer from BSkyB, a token gesture given that BSkyB's terms are little more than a formality required after its purchase of a controlling stake in the broadcaster. BSkyB in July agreed to buy the 57 percent stake in Sky Deutschland owned by Rupert Murdoch's 21st Century Fox, and offered remaining shareholders 6.75 euros for each of their shares, as ...
Mitsubishi halts Venezuela plant due to imports snag: union CARACAS: The assembly plant for Mitsubishi autos in Venezuela has halted operations due to a delay in the import of parts for assembly, a union official said on Friday.Like other private businesses in the South American nation, carmakers have been complaining that the socialist government's complicated currency controls and bureaucratic processes are slowing imports of essential products. The assembler of Mitsubishi in Venezuela, MMC Automotriz, which belongs to Japan's Sojitz Corporation, began a month-long stoppage ...
Air France strike into third day, as PM urges pilots back to work PARIS: Air France scrapped more than half its flights Wednesday as pilots extended a strike into a third day, defying Prime Minister Manuel Valls who urged them to stop their "incomprehensible" industrial action.Pilots have walked off the job in protest at the airline's plans to expand its low-cost leisure subsidiary Transavia France, whose pilots are cheaper to employ.Unions fear the company will seek to cut costs by running more low-cost Transavia flights at the expense ...
Lufthansa says ordering 25 new Airbus A320 planes BERLIN: Germany's Lufthansa group said on Wednesday that it was ordering 25 new Airbus A320 aircraft at a cost of about 2.5 billion euros ($3.2 billion) at list prices.The order comprises 15 Airbus A320neo aircraft for Lufthansa's subsidiary SWISS to be delivered from 2019, and 10 new A320ceo planes destined for its low-cost Eurowings subsidiary in 2016 and 2017, the European air transport giant said in a statement."This order for modern, fuel-efficient and quiet aircraft ...
Sony deepens loss estimate on struggling smartphone business TOKYO: Sony Corp on Wednesday sharply deepened its net loss estimate and said it would not pay a dividend this fiscal year for the first time since it listed in 1958 after it was hit by a massive impairment charge for its struggling smartphone division.The downward revision its the sixth under Chief Executive Kazuo Hirai, who took his post in 2012 promising to pull the firm's troubled electronics division into the black by focusing on ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln