News
Dassault Rafale wins India
Dassault Rafale wins Indian multi-billion dollar fighter deal France's Dassault Rafale aviation producer has won a US$10.4-B contract to build 126 Medium Multi-Role Combat Aircraft (MMRCA) jet fighter for the Indian air force in 10 yrs in a dramatic dusk wrestle with rival British-German Eurofighter, local TV channel Times Now quoted unnamed official sources said Tuesday. Dassault ...
Disasters Hit Japan Auto Sector
Japan's auto production falls 12.8% in Y 2011 Japanese vehicle production in Y 2011 fell 12.8% from a year earlier and vehicle exports fell 7.8%, marking the 1st fall in 2 yrs, as the March 11 disasters forced manufacturers to shutter operations, which disrupted Key supply chains, an industry group said Tuesday. In Y 2011, 8.39-M vehicles were produced, down by 1.23-M units or 12.8% fr ...
United Parcel Service (NYSE:UPS) Update
UPS profit beats Street, sees Y 2012 growth UPS United Parcel Service (NYSE:UPS) posted a better-than-expected quarterly profit Tuesday and forecast 9 to 15% growth this year on strong US demand and growing e-commerce activity offsets an uneven Global economy. UPS reported its Q-4 profit was down sharply as the result of a change in how the World's largest package-delivery Co ...
MENA Markets Rally on Oil Prices
Rising Crude Oil prices boost Gulf Arab stock markets Stock markets in the oil-rich Gulf region gained Tuesday, with the exception of the bourse in Oman. If the old trader's forecast "As January goes, so goes the year " holds, then the region could face a Bullish Y 2012. In the sheikhdom of Dubai, the Dubai Financial Market General Index soared 2.14% to hit 1,435.72 pts. Ga ...
South Korea Exports
South Korea's machine tool exports at record high in Y 2011 South Korea's exports of machine tools hit a record high last year on steady overseas demand, an industry report showed Tuesday. According to a report by the Korea Machine Tool Manufacturers' Association, the country's machine tool exports surged 37.2% on-year to reach a record high of US$2.31-B last year. It marked the ...
Deficit US$1.1-T in the 2012 Fiscal Year
US federal government to run US$1.1-T deficit in F-Y 2012 The US Congressional Budget Office (CBO) forecast Tuesday that the federal government would run a budget deficit of around US$1.1-T in the 2012 Fiscal Year. Measured as a share of the nation's gross domestic product (GDP) , the budget shortfall of 7% in F-Y 2012 f ending Sept. 2012 was nearly 2 percentage points below the deficit r ...
Markets Rally in Brazil
Brazilian bourse enjoy best January in 6 yrs VALE Brazil's Sao Paulo stock exchange (Bovespa) had the best January in 6 yrs, with the benchmark Ibovespa index rising 11.1% in the month, local media said Tuesday. The figures are impressive, given that the Ibovespa accumulated a fall of 18% last year. On Tuesday, the Ibovespa rose 0.48% to 63,072 pts, the highest closing le ...
Philippines to See Strong Growth
Philippine gov't vows to achieve 5-6% growth in Y 2012 The Philippine government vowed Tuesday to work hard to achieve 5 to 6% gross domestic product (GDP) this year through more aggressive spending in the wake of a slower economic growth in 2011. "We will certainly be exerting our best efforts to meet the target," Deputy Presidential Spokesperson Abigail Valte said in a regular news b ...
Romain Jerome Titanic DNA Steampunk Watch
Romain Jerome Titanic DNA Steampunk Watch Luxury watchmaker Romain Jerome has added a new stylish watch called Steampunk to the Limited Edition collection of timepieces called Titanium DNA. These luxury watches have bezels made from authentic steel from the wreck of the Titanic, lying 3,840 meters under the sea, and steel from Harland & Wolff shipyards in Belfast, where the renowne ...
1962 Ferrari 250 GTO valued at US$17-M
1962 Ferrari 250 GTO valued at US$17-M The best word that can be attributed to this Ferrari is "sexy". With a beautiful shape and great performance, the 250 GTO was the perfect combination of pleasure to drive, and pleasure to look at. Winning a lot of races for Ferrari, the 300 HP engine needed constant refurbishing, simply because reliability was not the name of the game for i ...