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Nissan says April-June net profit jumps 37% on-year to $1.1bn TOKYO: Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home.The Japanese automaker said it earned 112.13 billion yen ($1.1 billion), up from 82.0 billion yen a year earlier, as sales rose to 2.47 trillion yen from 2.23 trillion yen."Favourable sales in North America, China and Europe offset easing domestic sales and sales declines in emerging markets, which remain unstable," Nissan corporate vice president Joji Tagawa told a news conference.Nissan left its full-year forecast unchanged, projecting a 405 billion yen net profit and sales of 10.79 trillion yen in the year to March 2015.The automaker is the first of Japan's "Big Three" automakers to post their latest earnings, with Toyota and Honda reporting over the coming weeks.Copyright AFP (Agence France-Presse), 2014 ...

China says June industrial profits +17.9pc yr/yr SHANGHAI: Profits earned by Chinese industrial firms rose 17.9 percent in June to 588.08 billion yuan ($94.98 billion) from a year earlier, up sharply from an 8.9 percent rise in May, the National Bureau of Statistics said.For the first six months of 2014, profits rose 11.4 percent from the same period last year to 2.86 trillion yuan, the bureau said in data released on Sunday. Recent data reinforced market expectations that the world's second-largest economy ...
Connor Healthcare makes takeover offer for Acurity Health WELLINGTON: Connor Healthcare Ltd said on Monday that it would make a takeover offer for New Zealand private hospital operator Acurity Health Group Ltd.Connor, which is being joined by Austron Ltd and Evolution Healthcare Pty Ltd and already owns 70.7 percent, said it would offer NZ$6.50 a share for the rest of Acurity, a 24 percent premium to its NZ$5.25 closing price on Friday.The offer values Acurity at NZ$112.2 million ($95.95 million).Copyright Reuters, 2014 ...
Hutchison withdraws Austrian telecoms auction appeal VIENNA: Hutchison Whampoa's Austrian telecoms unit, Drei, has withdrawn its appeal against the result of a 2 billion euro ($2.69 billion) frequency auction, it said on Sunday.Drei said it withdrew the appeal at the end of June as it saw signs that some of the auction proceeds would be invested in broadband infrastructure in Austria."We are still convinced that the auction process was illegal in form and content," Drei's Chief Executive Jan Trionow said in ...
Danone to sell medical nutrition unit to Hospira : FT PARIS: French dairy group Danone is in talks to sell its medical nutrition business to US group Hospira in a deal valuing the unit at about $5 billion, the Financial Times reported on Sunday, citing people familiar with the situation.The business paper said on its website that no deal was certain and that the talks were ongoing. Contacted by Reuters, a spokesman for Danone in Paris declined to comment. No one at Hospira immediately returned ...
Audi cuts spare-part prices in China amid anti-monopoly probe SHANGHAI/BEIJING: Volkswagen AG's premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry.The National Development and Reform Commission (NDRC), China's state planner, is investigating the industry amid domestic media complaints that foreign carmakers, using a dominant market position, are overcharging Chinese customers on products and spare parts."As a premium market leader Audi has made the price ...
Dubai's Arabtec Q2 net up 11pc, misses estimates DUBAI: Arabtec, the construction company at the centre of Dubai's stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts' estimates.Net profit climbed to 103 million dirhams ($28.1 million) in the three months to June 30 from 92 million dirhams a year earlier, the company said in a statement. Analysts polled by Reuters had on average forecast 111 million dirhams. Revenues jumped 51 percent to 2.41 billion dirhams on the ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln