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Coca-Cola Co reported better-than-expected quarterly revenue as it ramped up spending on marketing and advertising, boosting sales in emerging markets such as China. Coca-Cola, like PepsiCo Inc, has been battling falling soda sales in developed markets such as the United States as people shift to healthier options such as juices.

Citigroup Monday reported slightly higher quarterly earnings on lower expenses and better credit quality as it faced questions over its capital planning and financial controls following recent stumbles. The banking giant, facing scrutiny over a fraud problem unearthed in Mexico and the failure of its Federal Reserve "stress" test in the US, said net income for the first quarter was $3.9 billion, up 3.5 percent from the year-ago figure of $3.8 billion.
Taiwan's struggling smartphone maker HTC posted a net loss of Tw$1.88 billion ($62.3 million) in the first quarter, a figure far worse than the Tw$1.59 billion analysts forecast. Sales in the three months (January to March) fell to five-year low of Tw$33.1 billion. HTC confirmed its unaudited first quarter loss was Tw$1.88 billion, compared with a net profit of Tw$85 million a year earlier.
Honeywell International Inc promoted two executives to the position of vice chairman and named a new chief financial officer as part of a series of senior leadership changes announced by the US diversified manufacturer on April 07. The management shuffle comes after Honeywell unveiled ambitious five-year financial targets last month including boosting company sales to more than $50 billion by 2018, from $39.1 billion last year, as it targets $10 billion in acquisitions.
J. P Morgan Chase Friday reported lower earnings due to a drop in its mortgage and trading businesses as the US banking giant seeks to turn the corner after costly legal settlements. J. P Morgan, one of the first major companies to release first-quarter results, said net income was $5.3 billion, down 19 percent from a year ago. Key factors behind the decline included a big drop in mortgage banking income, lower earnings from fixed-income trading and a rise in provisions in case of credit losses.
Britain's crisis-hit Co-operative Bank posted a vast annual loss on Friday and axed bonuses for former executives who had left prior to its near-collapse. Operating losses ballooned to £1.28 billion ($2.15 billion, 1.54 billion euros) in 2013, from £674.9 million in 2012, hit by rising bad debts and charges related to misconduct and legal issues, Co-op Bank said in a results statement.
Atlas Mara, an investment company backed by former Barclays boss Bob Diamond, said it planned to buy a controlling stake in state-run Development Bank of Rwanda to build a regional financial services firm. Rwanda, which wants to become a hub for finance in Africa, has said it plans to sell the partly state-owned bank, known as BRD because of its French name Banque Rwandaise de Development, as part of a broader privatisation programme.

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln