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GDF Suez in 2.5bn-euro bond issue, including rare zero-coupon bond PARIS: French energy giant GDF Suez said it sold four tranches of debt Wednesday for a total value of 2.5 billion euros ($2.7 billion), including a rare zero-coupon bond."The coupons for each tranche are the lowest obtained by GDF Suez at these maturities in euros. In particular, the two-year tranche bears a zero-percent coupon," the group said in a statement.The Wall Street Journal called the launch of the zero-coupon two-year bond "a true rarity" and said GDF Suez was the first company in over 14 years to issue bonds in euros offering no regular payments to investors.The move comes as bond yields have slipped into negative territory ahead of a massive quantitative easing programme announced by the European Central Bank.The ECB is on Thursday expected to unveil details of the initiative, which will see the central bank buy 60 billion euros of bonds public and private bonds each month for ...

Car industry welcomes Google, Apple but battles loom GENEVA: It could be the battle of the titans. Auto giants at the Geneva Motor Show say they welcome the potential move of Silicon Valley players into their sector but experts warn of major disruptions.Google has long made headlines with its plans for a self-driving car, but Apple is now also reportedly readying for a plunge into the industry to begin developing an electric car."This could surprise you, but I welcome with open arms the ...
Qatar Airways says no longer interested in CSeries BERLIN: Qatar Airways is no longer interested in ordering any CSeries jets as as result of the delays to the new single-aisle aircraft made by Bombardier ."We have completely forgotten about it because you cannot wait indefinitely," he said in an interview on the sidelines of the ITB travel fair in Berlin.He also said that Qatar Airways would wait at least a couple of years before deciding whether to order any more A380s after starting ...
BP to sell stake in major North Sea gas pipeline LONDON: Oil major BP has put up for sale its stake in one of Europe's biggest natural gas pipelines in the North Sea as part of its ongoing asset disposal programme.BP holds a 36 percent interest in the 404-kilometre subsea Central Area Transmission System (CATS) that runs through the central sector of the British North Sea.The pipeline pumps up to 1.7 billion cubic metres of gas a day from UK North Sea fields, more than ...
Total eyes closing nine units located in tax havens by 2017 PARIS: French oil major Total disclosed a list of all its 903 subsidiaries worldwide in a transparency move on Wednesday after recurring criticism about the group's presence in tax havens.Total, vying with Sanofi for the crown of France's biggest listed company, said it was working on withdrawing nine of the 19 entities in countries deemed to be tax havens by the end of 2016.The group did not specify which ones, but among the subsidiaries listed ...
Brazil industrial production falls BRASÍLIA: Industrial production in Brazil fell 5.2 percent in January compared with the same month last year, despite a two percent rise for the month.The government statistics agency IBGE said Wednesday that production had been falling since last March and was down 3.5 percent over 12 months.Lst year, Brazil registered fourth straight year of anaemic growth, with its public accounts going into deficit and joblessness rising albeit from historically low levels.Brazilian GDP fell in 2014 ...
Russia's Rosneft says 2014 profits down 10 percent MOSCOW: Russia's state-controlled energy giant Rosneft said Wednesday its annual net profit for 2014 was down by nearly 10 percent after Russia's economy took a battering from plunging oil prices and Western sanctions over Ukraine.Rosneft said its net profit last year was 350 billion rubles ($5.63 billion according to the current exchange rate), a decline of 9.8 percent from its 2013 net profit of 388 billion rubles.In the fourth quarter of last year, profits were ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

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 $15.944 bln