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Unicredit's online unit Fineco files for listing MILAN: Italy's biggest bank by assets UniCredit said on Thursday its online banking unit FinecoBank had filed to list on the Milan stock market.The listing of Fineco is part of the bank's 2013-2018 business plan, it said UniCredit will remain the majority shareholder of Fineco, it said.Two sources previously told Reuters UniCredit plans to list 25-30 percent of the unit. Copyright Reuters, 2014 ...

Jan-March foreign direct investment in China up 5.5pc: govt BEIJING: Foreign direct investment (FDI) into China increased 5.5 percent in the first three months of the year despite faltering in March, the government said Thursday, though outbound investment slumped. FDI, which excludes investment in financial sectors, totalled $31.55 billion in the March quarter, the commerce ministry said in a statement. However, investment in March declined 1.47 percent to $12.24 billion, it said. "Major Asian countries' and regions' investment in China generally maintained a steady ...
BoJ keeps economic assessment for 8 out of 9 regions in Japan TOKYO: The Bank of Japan on Thursday maintained its economic assessment for eight of Japan's nine regional economies in a quarterly report, saying the economy has continued to recover or has been recovering moderately as a trend. The central bank raised its assessment on just one region. The report, issued at a meeting of its regional branch managers, was the first since Japan raised the sales tax to 8 percent from 5 percent this month. ...
Kenya's Equity Bank says Q1 profit rises 21pc NAIROBI: Equity Bank of Kenya posted a 21 percent rise in first quarter pretax profit to 5.4 billion shillings ($62.14 million), lifted by growth in its loan book, the bank said on Thursday. The bank's net loans and advances to customers rose 28 percent to 179.3 billion shillings, Chief Executive Officer James Mwangi told an investor briefing in Nairobi. Copyright Reuters, 2014 ...
BoJ Kuroda repeats vow to adjust policy when needed TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank will adjust monetary policy when needed, taking into account risks to the economy and prices. He also repeated that Japan was making steady progress toward achieving its 2 percent inflation target as the economy continues to recover moderately. "The BoJ will maintain its quantitative and qualitative easing (QQE) until necessary to achieve its 2 percent price target in a stable manner," ...
Australia's central bank sold A$736mn in March SYDNEY: The Reserve Bank of Australia (RBA) sold A$736 million ($639 million) of Australian dollars on a net basis on the spot foreign exchange market during March, central bank data shows.The RBA manages the forex needs of the government, which for example may need foreign currency to buy military hardware or pay embassy salaries, and that usually makes up the vast bulk of its spot transactions in any month.The RBA sold A$763 million for foreign ...
Bank of America reports loss on huge legal charges NEW YORK: The legal legacy of the housing bust weighed on Bank of America earnings on Wednesday, resulting in a quarterly loss even as some operating units posted solid results.The US banking giant lost $276 million for the first quarter, with the biggest drag coming from $6 billion to settle a pile of lawsuits dealing mostly with BofA's sale of mortgage-backed securities. The loss was its first since the second quarter of 2011."The cost of ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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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