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Stocks resume rally, for strongest week since 2011 LONDON: Emerging market stocks rose on Friday and were headed for their strongest week since December 2011 as signs the United states would delay raising interest rates led investors back to higher-yield emerging market assets. Minutes from the Federal Reserve's last meeting indicated it won't rush to tighten policy when global economic growth appears to be slowing. As a result, investors who pulled billions of dollars from emerging market assets in August and September have started to return. "As soon as the message from the Fed turned more dovish, investors didn't want to be holding unproductive, low-yielding assets for six months or more," said Christian Maggio, head of emerging markets strategy at TD Securities. "That's why money is coming back to emerging markets." MSCI's benchmark emerging equity index rose 1 percent to the highest since mid-August and is up 6.6 percent so far this week, the most in four years. ...

Britain's FTSE set for biggest weekly gain since 2011 LONDON: UK shares were set to continue their October rally, with miners pushing Britain's blue-chip index higher on the back of Thursday's dovish minutes from the US Federal Reserve. Britain's FTSE index was up 66.90 points, or 1.1 percent at 6,441.72 points at 1058 GMT, up 5.1 percent for the week and set for its biggest weekly gain since December 2011. Miner Glencore topped the list of gainers, rising 11.1 percent after it said it ...

Stocks climb after Fed minutes; oil jumps NEW YORK: World stock indexes climbed and the dollar dipped on Thursday as minutes from the latest Federal Reserve meeting showed policymakers view low inflation as a hurdle to raising rates.U.S. crude oil prices briefly traded above $50 for the first time since July and added to gains late after a closely watched oil forecaster predicted prices would climb to $75 over the next two years.According to minutes from the Fed's Sept. 16-17 meeting, the ...

TSX rallies for fifth day as energy stocks surge OTTAWA: Canada's main stock index extended its rally to a fifth consecutive day on Thursday, lifted by solid gains in energy shares as oil prices hit a three-month high.Momentum on Bay Street picked up in the afternoon, helped by minutes from the U.S. Federal Reserve that showed the central bank thought the economy was close to warranting an interest rate hike in September but policymakers decided to wait.But energy stocks provided the biggest lift, with ...

European shares rise as car makers rally MILAN: European shares closed higher on Thursday as auto stocks gained, but investors remained wary about the global economic outlook and the upcoming earnings season.The pan-European FTSEurofirst 300 index closed up 0.26 percent. The euro zone's blue-chip Euro STOXX 50 index was little changed.After a rally this week that brought indexes off the nine-month lows they reached at the end of September, some investors were heading for the sidelines before the start of the U.S. ...

Britain's FTSE share index ends higher, commodities help LONDON: Britain's top share index finished higher on Thursday as mining and energy stocks advanced and Bank of England policymakers appeared in no hurry to hike interest rates.The blue-chip FTSE 100 ended 0.6 percent stronger at 6,374.82 points, outperforming major European stock indexes. The pan-European FTSEurofirst 300 index, France's CAC and Germany's DAX were all up 0.2 percent.BoE policymakers voted 8-1 to keep interest rates at a record-low 0.5 percent. The central bank also said ...

US stocks rise on dovish Fed minutes NEW YORK: US stocks rose Thursday after Federal Reserve meeting minutes lifted confidence the US central bank would not move quickly to hike interest rates. The Dow Jones Industrial Average advanced 138.46 points (0.82 percent) to 17,050.75.The broad-based S&P 500 rose 17.60 (0.88 percent) to 2,013.43, while the tech-rich Nasdaq Composite Index gained 19.64 (0.41 percent) to 4,810.79.Minutes from the Fed's September 16-17 meeting emphasized policy maker concerns about the slowing global economy, led by ...


ArrowDJIA 17,050.75 0.82
ArrowNasdaq 4,810.79 0.41
ArrowS&P 2,013.43 0.88
ArrowFTSE 6,374.82 0.61
ArrowDAX 9,993.07 0.23
ArrowCAC-40 4,675.91 0.18
ArrowNikkei 18,141.17 0.99
ArrowH.Seng 22,354.91 0.71
ArrowSensex 26,845.81 0.70

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln