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China's biggest banks posted their slowest first-quarter profit growth in at least six years as a cooling domestic economy squeezed lending margins and led to a jump in soured loans. The results reflect the extent of the slowdown in the world's second-largest economy which is facing its smallest rise in a quarter-century this year as China advances a goal of transforming itself from investment-led to consumption-led growth.

Swiss Re, the world's second-largest reinsurer, beat forecasts with a 17 percent rise in first-quarter net profit on April 30, boosted by strong investment returns, and said it was able to renew policies at "acceptable" rates.
ICICI Bank Ltd, India's biggest private sector lender by assets, beat analyst estimates with a 10 percent increase in quarterly net profit, but reported a worsening of asset quality, with the share of bad loans rising.
Goldcorp Inc, the world's biggest gold producer by market value, reported weaker earnings on Thursday that fell well short of analyst expectations, as lower prices along with higher taxes and costs more than offset increased production from its mines. Goldcorp shares fell 5.8 percent in Toronto after the results were announced, amid deep market declines for gold miners as the price of bullion dropped 2 percent on revived expectations of a US interest rate hike.
Spanish train marker Talgo is aiming to make its stock market debut this month, in a share flotation that would value the company at over 1 billion euros ($1.1 billion), a source with knowledge of the matter said on Saturday. About 50 percent of the firm would be sold to investors if it goes ahead, the source said, following a report earlier on Saturday in Spanish newspaper Expansion. Talgo declined to comment.
European aeronautics giant Airbus Group on Thursday reported an 80 percent increase in first quarter net profits to 792 million euros ($883 million). "We had a good start into 2015, with a solid operational performance and improved cash generation, further supported by asset sales," said Tom Enders, Airbus Group chief executive in a statement, adding that the builder of civilian and military aircraft was "on track to achieve our full year targets."
Britain's state-rescued Lloyds Banking Group announced Friday that net profits sank by a fifth in the first quarter, after taking a charge against the disposal of its TSB retail division. Earnings after taxation slid to £913 million ($1.40 billion, 1.25 billion euros) in the three months to the end of March, compared with £1.148 billion a year earlier, Lloyds said in a results statement.


Index Closing Chg%
Arrow DJIA 18,024.06 1.03
Arrow Nasdaq 5,005.39 1.29
Arrow S&P 2,108.29 1.09
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,454.38 0.19
Arrow CAC-40 5,046.49 0.14
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.00 0.94
Arrow Sensex 27,011.31 0.79

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 30, 2015
Reserves $17.717 bln