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Indian software giant Infosys Monday reported a 9.8 percent rise in quarterly net profit, beating expectations, on the back of a weak rupee and robust demand from the United States. The country's second largest IT services exporter said its profit for July to September increased to 33.98 billion rupees ($524.79 million) from 30.96 billion rupees a year earlier.

German automotive parts maker Schaeffler sharply reduced the size of its planned initial public offering (IPO) on Monday, after delaying it last week in the wake of the Volkswagen emissions scandal and volatile markets. VW accounts for more than 10 percent of sales at Schaeffler, which makes ball bearings for products ranging from tools to airplanes.
Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said. Parent Fiat Chrysler Automobiles (FCA) will sell up to 10 percent of Ferrari in the IPO and will use proceeds to help pay for its own ambitious turnaround plan to boost global sales to 7 million cars by 2018, and compete with rivals such as BMW and Volkswagen.
After failing to highlight human rights violations in Azad Kashmir, India is preparing to take an aggressive position on Balochistan, in a marked departure from South Blocks Pakistan policy of the past. The new Indian position over Balochistan became public when Balochistan Liberation Organisation (BLO) representative Balaach Pardili addressed a gathering in New Delhi on October 4, reading out a statement from BLO's exiled leader Nawabzada Hyrbyair Marri.
US seed giant Monsanto forecast a fall in full-year earnings Wednesday and announced job cuts in anticipation of continued low commodity prices that have hit the agriculture industry. Monsanto estimated earnings per share in fiscal year 2016, which began September 1, in the range of $5.10 to $5.60 on an ongoing basis that excludes exceptional items, down from $5.73 last year.
PepsiCo Inc on Tuesday reported a better-than-expected quarterly profit as its commodity costs fell and demand for its snacks and non-carbonated beverages rose in North America. PepsiCo has been introducing beverages with less sugar and more natural ingredients as consumers in North America, its biggest market, turn calorie-conscious and opt for products perceived as healthier.
Credit Suisse's Chief Executive Tidjane Thiam will announce plans this month to decentralise the bank's global operations in a strategy shift that will boost its presence in Asia and cut jobs in Zurich, the Schweiz am Sonntag newspaper reported on Sunday.


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln