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China's Xi eyes increased investment in Cuba HAVANA: Chinese President Xi Jinping is visiting Cuba with hopes of expanding political and economic ties in the fellow communist nation.The tour of the Americas' only one-party communist nation is the last leg of a weeklong trip in the region that has already taken Xi to Brazil, Argentina and Venezuela, as he reaches out to resource-rich countries often shunned by the United States and Europe.The Chinese leader arrived in Havana late Monday from Caracas for the two-day official visit.Xi aims to make his country -- already Cuba's second-largest trading partner after Venezuela and its primary source of credit -- a major investor on the Caribbean island.Coinciding with his trip, about 50 Chinese entrepreneurs traveled to Havana to explore business opportunities, attracted by foreign investment incentives and the future Mariel free trade zone outside the capital."We want Chinese businessmen to invest in Cuba and partner with Cuban companies," said Cuba's director ...

Tokyo stocks close up 0.84pc, Nikkei 225 index climbed 127.57 points TOKYO: Tokyo stocks rose 0.84 percent on Tuesday, boosted by a weaker yen as traders returned from a three-day holiday weekend.The benchmark Nikkei 225 index climbed 127.57 points to finish at 15,343.28, while the Topix index of all first-section issues was up 0.79 percent, or 9.98 points, at 1,273.27.The market was closed on Monday for a public holiday.The gains were in line with a pick-up across Asia after pro-Russian rebels handed over the black boxes ...

Vietnam says extreme weather linked to typhoon kills 27 HANOI: Extreme weather caused by Typhoon Rammasun has killed 27 people in Vietnam, with the storm unleashing flash floods, landslides and lightning strikes, authorities said Tuesday.Heavy rain flooded 7,200 houses and 4,200 hectares (10,300 acres) of cropland, with the north of the country worst hit, the national flood and storm control committee said.The cost of the damage was estimated at around $6 million.Rammasun -- meaning "Thunder God" in Thai -- had earlier barrelled through the ...

Taliban attack kills four foreigners in Kabul compound KABUL: A Taliban suicide attacker riding a motorbike killed at least four foreigners in a compound in Kabul on Tuesday, police said, in the latest blast to rock the capital during a prolonged impasse over presidential election results."Our initial reports show the explosion took place inside the foreigners' compound -- four foreigners were killed and six were wounded," Kabul police chief Zahir Zahir told AFP. "The foreigners were exercising inside at the time.""Our teams are ...

Israel air strikes kill seven in Gaza GAZA CITY: A series of Israeli air strikes early on Tuesday killed seven people in Gaza, including five members of the same family, emergency services spokesman Ashraf al-Qudra said.The deaths hike the total Palestinian toll to 583 since the Israeli military launched Operation Protective Edge on July 8 in a bid to stamp out rocket fire from Gaza.Qudra said a strike on Deir el-Balah in central Gaza killed five family members, four of them women.Another ...

Two Israeli soldiers killed in Gaza: army JERUSALEM: Two Israeli soldiers were killed in combat in the Gaza Strip, the army said Tuesday, raising the number of troops killed in the 15-day conflict with Hamas to 27."Yesterday, Monday, two IDF (Israel Defence Forces) soldiers were killed during battles of Operation Protective Edge," a statement from the army read.The army said three other soldiers were seriously wounded over the course of the night.In Gaza, 576 Palestinians have been killed since Israel launched its ...


Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
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WeeklyJuly 10, 2014
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