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RBC leads rise in Canadian equity issues despite choppy markets TORONTO: Royal Bank of Canada led a rise in the value of Canadian equity issues for the first nine months of 2015, overcoming a slowdown in the third quarter due to increased choppiness in equity markets. Equity financings rose to C$36 billion ($27.23 billion) in the period, compared with C$33.6 million a year ago, according to Thomson Reuters data released on Friday. BMO Capital Markets was No. 2 in the league table rankings, followed by Bank of Nova Scotia. CIBC World Markets and TD Securities rounded out the top five. While deal activity is typically weak in the summer months, the usual rebound after Labor Day did not happen as a surge in volatility due to questions about China's economic growth weighed on new issues going to the market. "Some of the market turbulence we've seen has slowed down deal activity.So issuers need to be a lot more nimble and ...

Russia's Sberbank to see profit fall by third or half in 2015 MOSCOW: Sberbank, Russia's largest bank, will see its profit fall by either a third or half in 2015 compared with a year earlier, its Chief Executive German Gref said in conflicting comments on Friday. Gref said in a televised interview at a conference in Sochi that Sberbank's profit in 2015 would be half as much as in 2014. But he later told journalists from Russian news agencies that the bank's profit this year would likely ...
Deutsche Bank to invest more to prevent money laundering FRANKFURT: Deutsche Bank plans to invest more in technology to prevent money laundering, according to the head of the division that processes its transactions. Germany's biggest bank was hit by a scandal over suspected money laundering at its Moscow office over the summer and last month said it was closing part of its business in Russia as part of a review of its global structure. It has also yet to settle with US authorities over ...
Bundesbank official says monetary stimulus will not boost growth in long term FRANKFURT: Short-term stimulus from central banks cannot help the economy to grow in the longer term, a senior official at Germany's central bank said on Thursday. The comments from Andreas Dombret show the Bundesbank's continued scepticism about any extension of the European Central Bank's 1-trillion-euro-plus money printing programme. "Moderate potential growth cannot be increased on a long-term basis by means of short-term macroeconomic stimulus measures," Dombret, who sits on the German central bank's executive board, ...
EBRD approves $300 million loan for Ukraine gas purchases LONDON: The European Bank for Reconstruction and Development on Wednesday approved a $300 million loan for Ukraine to buy gas before the fast-approaching winter. In exchange for reforms of the energy sector, the EBRD had promised to lend to Ukrainian state-run energy firm Naftogaz to finance the purchase of gas from Europe's network rather than from Russia's. Ukraine has had to rely solely on its own production and reverse flows from the European Union since ...
Brazil's central bank revises up 2015 gross debt forecast BRASILIA: Brazil's central bank on Wednesday raised its 2015 forecast for the country's gross debt to 67.2 percent of the gross domestic product from 62.7 percent previously. The bank's economic research chief, Tulio Maciel, said the revision was due to the government's cut of the primary budget surplus goal to 0.15 percent of GDP this year. Copyright Reuters, 2015 ...
Nigeria central bank sees sufficient liquidity in banking system LAGOS: Nigeria's central bank believes there is sufficient liquidity in the country's banking system although it is concerned that Africa's biggest economy is slowing, its monetary policy director said on Wednesday. Moses Tule said the bank's decision last week to cut the cash reserve ratio to 25 percent from 31 percent had injected 300 billion naira ($1.51 billion) into the financial system. Prior to the move, liquidity on the interbank market had dried up after ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln