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South Africa stocks end lower, naira hits MTN JOHANNESBURG: South African stocks slipped on Wednesday, driven by losses in Africa's largest telecoms operator MTN after the devaluation of the Nigerian currency.Nigeria is the biggest of MTN's 22 operations across Africa and the Middle East and contributed more than a third of the company's 72.8 billion rand ($6.6 billion) revenue in the first half of this year. The Nigerian central bank devalued its currency by 8 percent on Tuesday as the oil-producing nation takes a hit from falling oil prices. Shares of MTN dropped 1.4 percent to 221 rand. "Any earnings that MTN will make in Nigeria will now be worth less, hence the movement. It should have a long-term effect on MTN shares," said Kyle Dutton, a stockbroker at Mercato financial services. Overall the stock market fell for the third straight day. The benchmark Top-40 index fell 0.35 percent to 44,751. The broad All-Share dropped 0.30 percent to ...


TSX slips as energy shares drop ahead of OPEC meeting TORONTO: Canada's main stock index declined on Wednesday as shares of energy producers dropped with oil prices ahead of an Organization of the Petroleum Exporting Countries meeting later this week.The meeting is significant as it comes after months of volatility in the price of oil, which has plummeted over concerns about an imbalance in the commodity's supply and demand. Investors hopeful of a big supply cut were dealt a blow as OPEC leader Saudi Arabia ...

Istanbul share index closes at 18-month high on low oil prices ISTANBUL: The main Istanbul share index closed up 0.9 pct at 84,243.31 points, its highest level since late May 2013, as a slump in oil prices boosted expectations of lower inflation, a narrower current account deficit and a cut in interest rates.Copyright Reuters, 2014

Europe shares inch up as DAX enjoys longest winning run in 18 months PARIS: European shares inched higher on Wednesday, with Germany's blue chip DAX index advancing for the 10th straight session as investors bet on further monetary stimulus from the European Central Bank. ECB Vice President Vitor Constancio said on Wednesday the bank might decide as early as the first quarter of next year whether to begin buying sovereign bonds. Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with ...

Britain's FTSE flat, mining shares advance LONDON: Britain's top share index steadied in late trading on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms. The UK Travel and Leisure index fell 1.2 percent, the biggest sectoral decliner, with mid-cap Thomas Cook slumping 16.7 percent after saying its chief executive Harriet Green was stepping down just as the company warned of tougher trading conditions next year. TUI Travel, down 1.6 percent, ...

Gulf markets slide; Egypt rebounds DUBAI: Most stock markets in the Gulf fell in early trade on Wednesday as sliding oil prices remained a concern for investors, while oil importer Egypt posted gains. Saudi Arabia's index fell 1.7 percent shortly after opening, largely weighed down by bank stocks. Shares in Al Rajhi Bank dropped 3.0 percent, Samba Financial Group lost 2.9 percent and Bank AlBilad tumbled 3.8 percent. The price of Brent crude fell towards $78 per barrel on Wednesday ...

Vietnam index ends at 5-mth low, energy stocks fall HANOI: Vietnam's benchmark VN Index dropped 1.68 percent to close at 576.04 points, the lowest since June 25, on widespread selling, led by the oil and gas sector following a sharp drop in global oil prices.A meeting between OPEC members Saudi Arabia and Venezuela with Russia and Mexico resulted in no deal to curb output against a 30 percent slump in prices since June, dragging Brent down before it rebounded on Wednesday as Saudi Arabia's ...


 



 
IndexClosingChg%
ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,729.17 0.03
ArrowDAX 9,915.56 0.55
ArrowCAC-40 4,373.42 0.20
ArrowNikkei 17,383.58 0.14
ArrowH.Seng 24,111.98 1.12
ArrowSensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln