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TD Bank shares rise as Citizens takeover seen less likely   TORONTO: Shares of Toronto-Dominion Bank rose to their highest level in nearly two years on Monday as reports that Royal Bank of Scotland may launch an IPO for its US Citizens bank eased concerns that TD would buy all or part of the lender.   TD, which has been an aggressive buyer of US retail banking assets over the past decade, held discussions with RBS about buying all or part of Citizens, according to a report last year in the New York Post newspaper.   That put pressure on TD's stock as investors worried about the risk of taking on a large US asset with uncertain growth prospects.   Sources close to the matter told Reuters that RBS may signal this week that it may launch an initial public offering of 20 to 25 percent of Citizens.     "It doesn't eliminate the possibility of a (TD) transaction, but it does seem to at the very least delay the ...


Angola central bank leaves benchmark lending rate at 10pc   JOHANNESBURG: Angola's central bank left its benchmark interest rate unchanged at 10 percent, according to a statement posted on its website on Monday after a meeting of its monetary policy committee. Copyright Reuters, 2013

Bank of Canada T-bill average yield 0.973pc TORONTO: The Bank of Canada said on Monday the average yield at its auction of C$2 billion ($1.95 billion)of 9-day treasury bills was 0.973 percent. Copyright Reuters, 2013

Markets not losing faith in economic policy:Osborne LONDON: The reaction in financial markets on Monday to the loss of Britain's triple-A credit rating with ratings agency Moody's showed the government still had the confidence of investors, the country's finance minister said. "The credit rating is an important benchmark for any country but this government's economic policy is tested day in and day out in the market, and it has not been found wanting today," George Osborne told parliament. Osborne was appearing in ...

Visa, Samsung announce global deal for mobile payments BARCELONA: US credit card giant Visa announced Monday a global alliance with Samsung to let shoppers make payments by waving their smartphones near a special reader.The deal could significantly boost the long-touted use of smartphones to pay for goods worldwide without any physical contact, and without the need either for credit cards or cash, it said.The system could be used by owners of Samsung smart phones equipped with a technology known as Near Field Communication, ...

Bank of Canada 9-day T-bill average yield 0.973pc TORONTO: The Bank of Canada said on Monday the average yield at its auction of C$2 billion ($1.95 billion)of 9-day treasury bills was 0.973 percent.Copyright Reuters, 2013

Nestle dumps second supplier in horsemeat scandal GENEVA: Swiss food giant Nestle said Monday it had stopped using a Spanish supplier after tests determined there was horse DNA in products supposedly containing pure beef, in the latest development in a Europe-wide food-labelling scandal. "Tests have shown that one batch, supplied by Servocar, a company from Casarrubios del Monte (Toledo), contains horse DNA above the one-percent threshold likely to indicate adulteration or gross negligence," Nestle said in a statement.The food giant, which last ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln