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TNT Express shares slumped almost 11 percent on September 24 after the Dutch courier company warned it is unlikely to meet its full-year targets due to weak growth in Europe and the US. TNT said it was "no longer prudent to maintain our 2015 guidance - which assumed an economic growth rate in Europe of between 2 and 3 percent - of an adjusted operating margin of 8 percent" for Europe and the Americas.

Swedish fashion giant H&M announced a 20 percent leap year-on-year in third quarter profits on September 25 but disappointed investors with a slight fall in gross profit margins linked to increased expansion costs. The group's net profits reached 5.3 billion kronor ($735 million, 580 million euros) - less than analysts had expected following strong sales figures for July and August.
The Lloyd's of London insurance market posted a rise in headline first-half profit on September 25, boosted by sharp gains in its investment returns, but highlighted that market conditions were becoming increasingly challenging. Pretax profit rose 21 percent to 1.67 billion pounds ($2.7 billion) for the six months to end-June, compared with 1.38 billion the previous year, Lloyd's said in a trading statement.
Esprit Holdings Ltd's CEO expects further operational upheaval and a period of potentially "volatile" earnings after the clothier bounced back from a steep loss. Jose Manuel Martinez Gutierrez on September 23 said he is still changing everything from product development and supply chain processes to wholesale and retail operations, in a quest to match the results and fast-fashion model of former employer, Inditex SA brand Zara.
Germany's Rocket Internet is bringing its planned initial public offering (IPO) forward by a week, citing "exceptional investor demand across all points of the price range" for its shares. The e-commerce investment group said on Friday the offer period, which started on Wednesday, would now end at 1100 GMT on October 1 for institutional investors, while private investors would have until the end of that business day to subscribe.
The Japan-based operator of popular mobile messaging app Line said Monday it has decided not to go ahead with an initial public offering in Japan or overseas this year. "We judged we must concentrate on strengthening our growth foundation. Therefore, it is not an appropriate time to proceed with an IPO," a Line spokeswoman told Dow Jones Newswires.
BlackBerry Ltd reported a smaller quarterly loss on Friday and flashed encouraging signals about its hard-pressed smartphone business as well as its software and services sales, spurring a 7 percent jump in its shares. The Canadian company, a smartphone pioneer pushed to the margins by Apple Inc's iPhone and devices running Google Inc's Android software, is now focusing more on software and services than on hardware as it works through a drawn-out turnaround.

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln