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Kia Motors shares skid to over 4-year low on poor earnings SEOUL: Shares in Kia Motors extended losses to their lowest intraday level in more than four years on Monday after the South Korean automaker reported disappointing fourth-quarter profit on Friday, prompting brokerages to downgrade target share prices.Kia Motors' shares ended down 5.7 percent at 46,550 won ($43) each, after earlier touching their lowest level intraday since November 2010. The wider market ended almost flat on Monday.Copyright Reuters, 2015 ...

Jafco Ventures hires new partner, rebrands as Icon Ventures SAN FRANCISCO: Jafco Ventures, a Palo Alto-based venture capital firm, said it hired a new partner, former Sencha chief executive Michael Mullany.It also said it was changing its name to Icon Ventures.Mullany was most recently chief executive of Sencha, an Icon-backed company that helps developers build web pages. He has also held senior roles at companies such as virtualization business VMware and networking business Opsware.Icon has backed companies such as enterprise-security company FireEye, which raised ...
Delhaize Q4 sales better than expected on strong US business BRUSSELS: Belgian supermarket group Delhaize on Monday unveiled better-than-expected sales growth in the United States for the fourth quarter and a decline in Belgium, marred by industrial action, that was not as bad as feared.Sales at stores open for at least a year grew 3.6 percent in the United States, where Delhaize operates the Food Lion and Hannaford chains, above the 3.2 percent expected in a Reuters poll.In Belgium, where the quarter was disrupted by ...
Aer Lingus says considering new bid from BA DUBLIN: Aer Lingus said on Monday it was considering a revised takeover approach from International Consolidated Airlines Group (IAG) after the owner of British Airways made a third bid of 2.55 euros per share.The Irish airline said the bid comprised an all cash offer of 2.50 per euros share and a cash dividend of 0.05 euros per share, and that it remained conditional on the recommendation of the board and receipt of irrevocable commitments from ...
Eltel says to raise SEK 2.8-3.1bn in IPO STOCKHOLM: Sweden's Eltel, a supplier of technical services for infrastructure networks, said on Monday the final price in its initial public offering in Stockholm is expected to be between 55-70 crowns per share. The prices given would value the company at 3.7-4.3 billion Swedish crowns ($444-516 million).Eltel said it expects the first day of trading on Feb.6.The value of the offering amounts to about 2.8-3.1 billion crowns and will provide the company of around 1.3 ...
Japan's Marubeni halves profit outlook on oil price slide, Gavilon TOKYO: Japanese trading house Marubeni Corp on Monday halved its net profit projection for this business year, booking losses on resource assets due to falls in oil, copper and coal prices.It is now forecasting a net profit of 110 billion yen ($935 million) for the year ending in March, compared with its earlier forecast of 220 billion yen.The company also said it would book an goodwill impairment loss of about 50 billion yen related to ...
Kenya's National Housing plans 5bn shilling bond: paper NAIROBI: Kenya's National Housing Corporation, a government agency for developing residential houses, plans to issue a 5 billion shilling ($54.53 million) bond this year, a local newspaper reported on Monday.Business Daily quoted the firm saying proceeds from the issue, which will be listed on the Nairobi bourse, will be used to fund the construction of news homes in the capital and two other cities.The east African nation's housing market is beset by a number of ...


Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln