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Thai airport operator says govt has no plan to lower stake in it BANGKOK: The finance ministry has no plan to cut its 70 percent stake in Airports of Thailand because the company's business is related to security and is performing strongly, the country's largest airport operator said.Airports of Thailand, which runs six main airports in the Southeast Asian nation, has continuously paid dividends to the finance ministry and is working on an expansion plan to meet rising travel demand, chairman Prasong Poontaneat said in a statement late on Tuesday.Last week, Finance Minister Sommai Phasee said the government planned to sell stakes in companies to raise funds for debt repayment.While the minister did not name any companies, his comments sent Airports of Thailand shares down by 4 percent in the past two days, before bouncing back on Wednesday.The Finance Ministry did not offer an immediate comment when asked by Reuters on Wednesday.At 0350 GMT, the stock was up 1 percent, while the broad ...

Bahrain sovereign fund Mumtalakat says 2014 net profit up 10.8pc DUBAI: Bahrain sovereign fund Mumtalakat posted a 10.8 percent increase in net profit in 2014, it said on Wednesday.The fund, which holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco, made 91.6 million bahraini dinars ($243 million) in 2014 versus 82.7 million dinars in the previous year.Copyright Reuters, 2015

Deutsche Bank settles with US SEC over financial crisis case WASHINGTON: Deutsche Bank AG will pay $55 million to settle civil charges by US regulators alleging the bank filed misstated financial reports during the financial crisis concerning material risks it faced for possibly losing billions of dollars. The Securities and Exchange Commission said on Tuesday the German bank over-valued a derivatives portfolio of leveraged trades, but did not have enough collateral to protect against potential losses. It then in turn did not properly reflect these ...

Qatar Airways says to make important announcements at air show AMSTERDAM: Qatar Airways plans to make "important announcements" at the June 15-21 Paris Airshow, its chief executive said on Tuesday. Speaking in Amsterdam, where the Gulf carrier is launching new services from June 16, Akbar Al Baker said, "The reason I am here today and not on June 16 is because I have to be at the air show at Le Bourget, and we also have some important announcements to make at that time".Qatar Airways ...

Russian central bank soon to announce criteria for forex reserve sufficiency MOSCOW: Russia's central bank will soon announce new criteria that will be used to determine whether it regards its international reserves as sufficient, a senior bank official said on Tuesday. "We have sufficient reserves. At the moment we are working on more detailed criteria (for the sufficiency of the reserves), which we think could be applicable based on our experience," Ksenia Yudayeva, first deputy governor of the central bank, told reporters. "We will make an ...

Argentina industrial output falls in yr to April; 21st monthly drop BUENOS AIRES: Argentina's industrial output contracted 1.5 percent in the twelve months to April, Economy Ministry data showed on Tuesday, marking the 21st consecutive monthly decline on the previous year. The figure was better than the median forecast in a Reuters poll of six analysts for a 1.9 percent fall. On a month-on-month basis, industrial output rose 0.4 percent in April in seasonally adjusted terms, the ministry said. Copyright Reuters, 2015

Short-dated yields up on Fed rate hike bets; 30-year yields slip NEW YORK: Short-dated US Treasury yields hit two-week highs on Tuesday on continued expectations that the Federal Reserve would hike rates this year, while yields on longer-dated Treasuries slid on concerns over Greece and global economic growth.U.S. two- and three-year yields, which are sensitive to expectations on when the Fed will hike rates, hit two-week highs of 0.65 percent and 1.03 percent, respectively, after traders took a sanguine view of U.S. durable goods orders data.Commerce ...


Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln