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Chinese energy firm PetroChina said Thursday its net profit slumped 17 percent in 2014 from a year earlier as international crude oil prices plunged in the second half. Net profit was 107.17 billion yuan ($17.25 billion) last year, down from 129.60 billion yuan in 2013, it said in a statement to the Hong Kong stock exchange.

The Industrial and Commercial Bank of China (ICBC), the country's biggest lender, eked out a five percent gain in net profit last year in the face of "complex" domestic and overseas environments, it said Thursday.
Budget carrier AiraAsia reported a wider fourth-quarter net loss of 429 million ringgit ($120 million) on Thursday, blaming exchange-rate changes and finance costs related to aircraft purchases.
International Business Machines Corp, which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.
Hong Kong tycoon Li Ka-shing's two main companies Thursday said earnings nearly doubled in 2014 to their highest point this century, in their last results ahead of a revamp of his vast business empire. Hutchison Whampoa, which controls assets ranging from ports to telecommunications, said net profit more than doubled to HK$67.16 billion ($8.66 billion) up from HK$31.11 billion in 2013. Revenue rose two percent to HK$421.47 billion.
The Agricultural Bank of China, one of the country's "Big Four" state-owned banks, said its net profit rose just 7.9 percent year-on-year in 2014 due to the weak domestic economy. Net profit was 179.46 billion yuan ($29.22 billion) in 2014, up from 166.32 billion yuan in 2013, the bank said in a statement to the Hong Kong stock exchange on Tuesday.
Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on March 18, driven by higher package volumes, but forecast full-year profit below analyst forecasts. Memphis-based FedEx also said fuel expenses were reduced by 30 percent due to low oil prices but its international business was hurt by falling fuel surcharges and the strong dollar.


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln