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Airbus shares slide 10 pct after 2016 profit warning BERLIN/GENEVA: Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.The world's second-largest planemaker after Boeing was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely. Analysts said the rebuff from the airline, famously picky about accepting new aircraft and widely believed to use such tactics to obtain last-minute concessions, was overshadowed by concerns over the model it replaces, the A330.Airbus, which has already announced plans to cut A330 production by 10 percent to nine aircraft a month, said it would have to cut production again in 2016 to an unspecified level. That follows slow progress in finding buyers for ...

UK's FTSE falls for third day in row as energy stocks slide LONDON: Britain's main equity index fell on Wednesday for the third day in a row, as a further drop in the price of oil hit energy stocks.The blue-chip FTSE 100 index was down by 0.1 percent at 6,525.24 points going into the close of the trading session, with the market pegged back at one-month lows.Brent crude oil sank to new five-year lows as producers forecast lower demand next year.Oil and gas services group Petrofac fell ...
European shares resume slide as energy stocks hurt by oil slump PARIS/LONDON: European stocks fell for a third session in a row on Wednesday, as a further drop in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro.Elsewhere, shares in Airbus plunged 10 percent after the aircraft manufacturing group's new profit outlook disappointed investors, while in Greece the stock market extended losses on mounting worries about the political situation.Shares in Shell dropped 1.7 percent and ...
European stock markets rebound LONDON: European equities rebounded Wednesday in a technical bounce after slumping the previous day on low oil prices and financial strains in China and Greece, dealers said.London's benchmark FTSE 100 index rose 0.15 percent to stand at 6,538.89 points around midday in the British capital.The CAC 40 in Paris added 0.37 percent to 4,279.64 points and Frankfurt's DAX 30 won 0.66 percent to 9,887.08 compared with the closing level on Tuesday, when they tumbled by ...
Stocks up on hopes of China policy easing, Greece stirs concern LONDON: Oil prices were anchored at a five-year low on Wednesday and European stocks recovered from the previous day's selloff after a similar rebound in Chinese shares prompted by hopes that weak inflation will bring more monetary policy easing in China.Greek stocks and bonds fell again, with short-term yields rising above long-term yields as next week's presidential election heightened investors' concerns over the country's near-term political, financial and economic future.The biggest mover on global currency ...
Greece lags steady European shares on election worries LONDON: European equity indexes staged a modest rebound on Wednesday, led by German stocks after a strong update from BMW, although worries about Greece capped sentiment.Greece's main stock index fell 3 percent at 0914 GMT, extending Monday's losses on uncertainty surrounding a parliamentary vote to elect a new president later this month.If Prime Minister Antonis Samaras fails to secure victory for his presidential candidate, snap national elections could be called that the leftist Syriza party ...
Britain's FTSE rebounds on appetite for Ashtead, travel stocks LONDON: Britain's top share index rebounded from one-month lows on Wednesday, boosted by appetite for travel and leisure stocks and by industrial equipment hire company Ashtead after it raised its earning guidance.The blue-chip FTSE 100 index was up 0.3 percent at 6,547.59 points by the middle of the trading session, partially recouping a 2.1 percent slide in the previous session which took the index to its lowest level since Nov. 6.Ashtead rose 8.1 percent, having ...


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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 $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyDecember 22, 2014
Reserves $14.042 bln