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Nintendo shares fall 6.14pc on annual loss warning TOKYO: Shares in Japan's Nintendo lost nearly a fifth of their value at one stage Monday after the gaming giant warned it would slip back into the red on poor sales of its Wii U game console.The stock plunged almost 19 percent in morning deals before recouping most of its losses to close 6.14 percent lower at 13,745 yen.Copyright AFP (Agence France-Presse), 2014

Deutsche Bank posts surprise Q4 loss as scandals weigh FRANKFURT: Deutsche Bank posted a surprise pre-tax loss of 1.15 billion euros for the fourth quarter due to heavy costs for litigation and restructuring, and warned that 2014 would be another year of further challenges and reform. The unexpected loss is likely to compound the problems that have dogged the bank over the past year, especially a lengthening list of lawsuits and regulatory matters, and to redouble pressure on co-chief executives Anshu Jain and Juergen ...

Japan revised Nov industrial output edges down 0.1pc m/m TOKYO: Japan's industrial output fell 0.1 percent in November, revised data showed on Monday, showing the economic recovery may be taking place at a slower pace. The figure compared with an initial reading of a 0.1 percent rise and a 1.0 percent increase in October. The capacity utilisation index fell 0.5 percent in November from a month earlier to 99.1. Copyright Reuters, 2014

Hyundai starts work on world's biggest container ships SEOUL: South Korean shipbuilder Hyundai Heavy Industries said Monday it had started construction on a Chinese order for the world's largest container ships.China Shipping Container Lines (CSCL) awarded the contract for the five vessels -- each with a capacity of 18,400 TEU (20-foot equivalent unit) container boxes -- to Hyundai in May.The size broke the previous record of the 18,000 TEU container ships another South Korean firm, Daewoo Shipbuilding and Marine, had built for Denmark's ...

Japanese airline sorry over 'racist' commercial TOKYO: Japanese carrier All Nippon Airways (ANA) said Monday it is apologising individually to customers who call to complain about racial stereotyping in a new TV commercial, but has not decided whether it should pull the ad.ANA started airing the new 30-second television advertisement on Saturday, aimed at promoting its beefed up schedule of international flights from Tokyo's Haneda airport in March.In the commercial, two Japanese men in ANA uniform discuss in English how they ...

Deutsche Bank announces 1.2bn euro pre-tax loss in 4Q of 2013 BERLIN: Deutsch Bank, Germany's biggest bank, announced late Sunday a pre-tax loss of 1.2 billion euros ($1.62 billion) in the fourth quarter of 2013 because of litigation costs and weakening revenues.In a statement issued more than a week earlier than markets expected, co-CEOs Juergen Fitschen and Anshu Jain said: "We expect 2014 to be a year of further challenges and disciplined implementation; however, we are confident of reaching our 2015 targets and delivering on our ...

Germany's Talanx says expects rise in car insurance prices FRANKFURT: German insurer Talanx expects car insurance premiums to rise this year, after summer hail storms hit results in 2013, its chief executive told a newspaper."The damages claims were especially strong in 2013. Thousands of cars were damaged by hail," Herbert Haas was quoted as saying by Welt am Sonntag in an advance copy of an article to be published on Sunday.Car insurance is one of the biggest insurance markets in Germany. Market leader HUK-Coburg ...


Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln