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Irish debt may trade lower DUBLIN: Irish debt could fall lower to trade at levels just above that of Belgium's, the head of the country's debt agency said, indicating that a turnaround in its bond market is showing no signs of slowing down.Ireland sold 10-year bonds at a record low yield of 2.9 percent last week, compared to the 2.09 level Belgium currently trades, although John Corrigan said this showed how dislocated markets are at present as well as the progress Ireland had made."Belgian 10-year bonds are currently trading at a spread of around 60 basis points over Germany so an optimist could make an argument for Ireland to trade not far above that in current market conditions, given that our economic growth prospects would be generally regarded as being much stronger than those of Belgium," Corrigan said in a speech.Copyright Reuters, 2014

Nigerian power firm secures $255m capital: statement LAGOS: Nigeria's oil firm Seven Energy said on Tuesday it had secured $255 million in equity funding from global investors, including Singapore's Temasek, to boost gas supply to the country's ailing power sector.Industry operators often attribute shortage of gas for the generating plants as a major cause of Nigeria's under-performing power sector. The company said in a statement that Temasek's share of the funding was $150 million.The IFC, an arm of the World Bank and ...

Norway's Statoil proposes buyback of up to 7.1pc of shares OSLO: Norway's Statoil has proposed buying back and cancelling up to 7.1 percent of its shares by mid-2015 to reward shareholders and adjust the group's capital structure, it said on Monday.It would buy back up to 75 million shares or 2.4 percent of all shares from the group available on the market while the rest would be bought back from the state, ensuring that the government's 67 percent stake does not change. "It is a ...

BoJ Kuroda's meeting with PM Abe won't alter policy stance TOKYO: Bank of Japan Governor Haruhiko Kuroda and Prime Minister Shinzo Abe will revive their regular meetings this month, people familiar with the matter said, in a sign the government may be concerned about recent stock market declines and an uptick in the yen. Kuroda has remained bullish about the outlook for economic recovery and an escape from deflation, but the meeting with Abe could revive expectations of additional stimulus. However, the sources said the ...

JGBs steady to softer as traders adjust their positions ahead of auctions TOKYO: Japanese government bond prices are steady to slightly weaker on Monday with some minor position adjustments ahead of this week's auctions. The 10-year JGB futures stood flat at 145.01 and the 10-year cash bond yield was untraded, with 0.60 percent seen as a strong support for the yield. Traders tried to adjust their positions ahead of this week's two auctions, a five-year JGB auction on Tuesday and 20-year JGB auction on Thursday. The five-year ...

Sharp drops to 5-month low on report of new share issue TOKYO: Shares in Sharp Corp fell to a five-month low on Monday after the Asahi newspaper said Japan's largest display maker is considering another issue of new shares that could raise around 200 billion yen ($1.97 billion) to bolster its stretched finances. The Osaka-based company said in a statement on Sunday that it was considering a variety of possibilities to boost its capital but had made no concrete decisions, adding that the report was not ...

Goldman dodges a shareholder battle that dogs rivals NEW YORK: When Goldman Sachs Group Inc filed its shareholder proxy earlier this month, it was free of a proposal that has become increasingly popular among corporate governance activists: a demand for more disclosure about lobbying. Goldman's big Wall Street rivals can't say the same. JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Morgan Stanley all face lobbying-disclosure proposals this year.Some activist shareholders want the banks to be more transparent about their ...


Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln