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Spain's third-biggest bank by capitalisation CaixaBank is to buy Barclays' Spanish operations for 800 million euros ($1.1 billion) as the British bank undergoes major restructuring, Barclays said on Sunday. The sale includes Barclay's retail banking, wealth and investment management and corporate banking businesses in Spain. In a statement, Barclays said 2,400 staff and 262 branches would transfer to CaixaBank once the deal is completed, likely around the end of the year.

Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis. Barcelona-based Caixabank - Spain's third-biggest lender by market value and owner of the largest bank branch network - has agreed to buy Barclays' wealth management and retail and corporate banking business in the country.
DP World, one of the world's largest port operators, reported a 26 percent rise in net profit for the first half of the year on August 28 as its container volumes and margins increased. The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million. This compares with a profit of $264 million in the corresponding period of 2013, it said in a statement.
Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on October 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month. He was speaking a day after the merger between Fiat and its US unit Chrysler cleared its last remaining hurdle.
Quindell Plc, a British IT outsourcing and consultancy company whose stock has been hammered following allegations by a short-seller, said it is exploring a US stock listing and will not immediately re-apply for a premium listing in London. Quindell's stock has fallen about 70 percent in the past four months after US-based Gotham City Research raised questions about its revenue model and profit quality.
Mining giant Glencore Xstrata reported a sharp improvement in first-half performance on Wednesday, marking a big switch back into profit. The group, which came into being with a mega merger last year, said it had made a net profit of $1.72 billion during the first half of 2014, up from a $9.39-billion loss a year earlier.
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher third-quarter earnings on Thursday, extending a trend of buoyant capital markets boosting investment banking and trading profits at the country's big lenders. Both banks posted earnings per share above estimates, though CIBC shares fell 2.5 percent, even as TD's stock outperformed its Canadian peers.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln