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China worries drive US stocks down nearly 3pc NEW YORK: US stocks lost another nearly three percent Tuesday as new data offered more evidence that China's industrial machine is stalling.Losses were especially heavy in shares of banks and oil companies, but the selloff also extended to tech giants like Amazon and Apple.The Dow Jones Industrial Average finished down 469.68 points (2.84 percent) at 16,058.35.The broader S&P 500 plunged 58.33 points (2.96 percent) to 1,913.85, and the Nasdaq Composite gave up 140.40 (2.94 percent) at 4,636.10.Wall Street followed sharp selloffs in Asia and Europe, after China's official purchasing managers' index fell to its lowest level in three years in August, suggesting the manufacturing sector was contracting.In Indonesia, International Monetary Fund head Christine Lagarde indicated that the institution was likely to again cut its estimate for world growth this year, after trimming it to 3.3 percent just two months ago."The market is in a situation where it can only see ...

Gulf markets join global equity slide on China fears DUBAI: Stock markets across the Middle East fell on Tuesday alongside steep drops in global stock prices because of renewed uncertainty about the state of China's economy.Stock markets fell after data showed China's manufacturing activity had contracted in August at its fastest pace in three years, reinforcing fears of a slowdown in the world's second-largest economy despite a flurry of government support measures.Oil fell more than 4 percent after the Chinese data, giving up some ...

European shares hit again by Chinese manufacturing data LONDON: European stocks fell on Tuesday, extending the losses of recent weeks after weak manufacturing data from China again raised concerns over the health of its economy.The pan-European FTSEurofirst 300 was down 2.1 percent at 1,401.75 points by 1044 GMT, with basic resources stocks down 3.2 percent, making them the top sectoral losers.Asian markets also fell. Activity in Chinese manufacturing contracted at its fastest pace for three years in August, an official survey showed on ...

Asia stocks extend losses after weak China data, Tokyo slumps HONG KONG: Asian stocks sank Tuesday after more data showed weakness in China's economy, while gold and the yen advanced amid a search for safer assets, sending Tokyo tumbling almost four percent.Traders are also watching the release Friday of a US jobs report, which could play a key role in the Federal Reserve's decision whether to raise interest rates this month, adding to market uncertainty.There are fears a rate rise would further jolt confidence in ...

European stocks slide at open LONDON: Europe's stock markets sank in opening deals on Tuesday as investors fretted once again over the state of the flagging Chinese economy.In initial trade, London's benchmark FTSE 100 index of top companies shed 0.96 percent to 6,187.93 points, as British investors returned after a long holiday weekend.And in the eurozone, Frankfurt's DAX 30 fell by a hefty 1.81 percent to 10,073.74, while the Paris CAC 40 dropped 1.43 percent to 4,586.33 points.Asian equities also ...

Asia stocks extend losses as Shanghai hit by more weak data HONG KONG: Asian stocks sank Tuesday, with Shanghai tumbling more than three percent, following another batch of data showing weakness in China's economy, while gold and the yen advanced as fears over the world economy sent investors into safer assets.Traders are also keeping an eye on the release Friday of a crucial US jobs report, which could play a key role in the Federal Reserve's decision on whether to raise interest rates next month, adding ...

Shanghai, Hong Kong stocks hit by more weak China data HONG KONG: Shares in Shanghai and Hong Kong ended the morning session lower again Tuesday as data indicating Chinese manufacturing activity had contracted in August compounded concerns about the country's slowing economy.The benchmark Shanghai Composite Index dropped 1.06 percent, or 33.96 points, to 3,172.03 by lunch. However, it recovered after plunging as much as 4.75 percent at one point.The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 2.85 percent, or 50.97 points, ...


ArrowDJIA 16,058.35 2.84
ArrowNasdaq 4,636.11 2.94
ArrowS&P 1,913.85 2.96
ArrowFTSE 6,058.54 3.03
ArrowDAX 10,015.57 2.38
ArrowCAC-40 4,541.16 2.40
ArrowNikkei 18,165.69 3.84
ArrowH.Seng 21,185.43 2.24
ArrowSensex 25,696.44 2.23

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln