Thu, Jan 07, 2016 - Page 15 News List

World Business Quick Take

Agencies

GERMANY

Car registrations rise

New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe’s top economy, rose sharply last month, marking a strong year as a whole for the industry, data showed yesterday. A total of 247,300 new cars were registered last month, an increase of 8 percent compared with the figure for the same month in 2014, according to data compiled by the automakers’ federation VDA. Taking the year as a whole, new car registrations advanced by 6 percent to 3.2 million vehicles, the statement added.

AVIATION

AirAsia targets funds

AirAsia Bhd, Southeast Asia’s biggest budget carrier, plans to raise as much as US$1 billion under a multicurrency medium-term note program to refinance debt and buy airplanes after last year’s plunge in the Malaysian ringgit pushed the carrier to a third-quarter net loss. The airline’s AirAsia Global Notes Ltd unit would issue bonds under the program in US dollars or other currencies, AirAsia said yesterday in an exchange filing in Kuala Lumpur. Deal managers Barclays Bank PLC, CIMB Group Holdings Bhd and RHB Investment Bank Bhd are to start arranging investor meetings in Singapore, Hong Kong and London from today, the airline said.

UNITED KINGDOM

Pound falls before report

The pound fell to a nine-month low against the US dollar before a report economists said would show growth in UK services slowed last month. The pound fell 0.3 percent to US$1.4639 as of 8:55am in London after reaching US$1.4620, its lowest level since April 14 last year. It was little changed at £0.7331 per euro. An uneven recovery has cast doubts on the probability of an interest rate increase this year by the Bank of England, sending sterling tumbling almost 7 percent since the middle of last year. The Markit Economics purchasing managers’ index for services fell to 55.6 last month, from 55.9 in November last year, analysts in a Bloomberg survey predicted before the report was due yesterday morning.

INTERNET

Netflix extends deal

Netflix Inc’s online video service is to feature more series and movies from DreamWorks Animation SKG Inc as part of a contract extension with the studio. Netflix secured the rights to DreamWorks programming everywhere in the world, but China. Financial terms were not disclosed. The deal will give Netflix more video likely to appeal to children, an audience segment that has played an important role in its service more than doubling in size to 69 million subscribers over the past three years.

INTERNET

Twitter mulls lifting limit

Twitter Inc appears ready to loosen its decade-old restriction on the length of messages in a bid to make its service more appealing to a wider audience accustomed to the greater freedom offered by Facebook and other forums. CEO and cofounder Jack Dorsey on Tuesday telegraphed Twitter’s intentions in a tweet after technology news site Re/Code reported the company is exploring increasing its limits on text from 140 characters to as many as 10,000. In his message, Dorsey wrote that Twitter has already noticed that many of its about 300 million users have already been including screenshots of lengthy texts in their tweets. He indicated Twitter is examining ways to give people more room to express themselves without polluting the service with gasbags.

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