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European stocks drop on disappointing eurozone data LONDON: European equities slid on Tuesday as news of a sharp slowdown in eurozone business activity stoked fears over the timid economic recovery.London's biggest fallers were drugmakers Shire and AstraZeneca -- both targeted by US takeovers this year -- as Washington acted to curb so-called tax-inversion deals that sap government income.Elsewhere, shoemaker to the stars Jimmy Choo unveiled plans for a London stock market float valuing it at up to £800 million ($1.3 billion, 1.0 billion euros) to fund expansion in Asia.Amid the batch of company announcements, the British capital's benchmark FTSE 100 index was down 1.27 percent to 6,687.31 points in midday deals.Frankfurt's DAX 30 index sank 1.10 percent to 9,641.81 and the Paris CAC 40 shed 1.63 percent to 4,369.73, compared with Monday's closing level."European and Asian markets are continuing the negative start to the week, posting further losses following a raft of poor eurozone PMI releases," said ...


Euro data hits stocks, China reading soothes commodities LONDON: More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China's massive factory sector outpaced the market's bleak expectations.In data likely to dishearten European policymakers, euro zone business activity expanded at a slightly weaker pace than expected this month, with firms also cutting prices for a 30th month in a row to drum up business.The ...

Indian shares slump; posts sharpest one-day fall in 2-1/2 months MUMBAI: Indian shares posted their biggest single-day fall in about two-and-a-half months as blue-chips tracked weaker global shares on disappointment over European manufacturing data and concerns about an unemployment measure in a survey in China.Caution also prevails ahead of the expiry of the monthly derivatives contracts on Thursday which traditionally sparks volatility in markets.Investors were also mitigating risk after surveys showed French business activity contracted in September and Germany's manufacturing sector expanded at its slowest ...

Sri Lanka stocks edge up after policy rate decision COLOMBO: Sri Lankan stocks rose for the sixth straight session on Tuesday to touch their highest in more than three years after the central bank effectively reduced its standing deposit facility rate to boost credit and economic growth.Before the market opened, the central bank announced moves to make commercial banks lower their interest rates and increase lending to support an economy expected to grow 7.8 percent this year, while keeping its own policy lending rate ...

European shares drop on disappointing economic data LONDON/PARIS: European shares pulled back for a second day on Tuesday after data showing a further contraction in French business activity in September rattled investors.Shares in Austria's Raiffeisen Bank International, down 12 percent, were the biggest faller in the FTSEurofirst 300 index, after the lender said hits from Ukraine and Hungary will probably push it to its first-ever annual loss this year.France's CAC 40 share index underperformed after Markit data showed business activity in the ...

Euro data rocks stocks, China soothes commodities LONDON: More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China's massive factory sector outpaced the market's bleak expectations.In data likely to dishearten European policymakers, euro zone business activity expanded at a slightly weaker pace than expected this month, with firms also cutting prices for a 30th month in a row to drum up custom.The ...

Pharma shares knock FTSE as new US tax rules dent M&A hopes LONDON: Britain's top shares fell on Tuesday, dragged down by healthcare shares as new U.S. tax rules dented the takeover appeal of companies such as Shire and AstraZeneca.Market sentiment was also depressed by surveys showing French business activity contracting again in September and Germany's manufacturing sector growing at its slowest pace since June 2013, casting a shadow over euro zone recovery prospects.The U.S. Treasury Department announced new rules, effective immediately, which will reduce the tax ...


 



 
IndexClosingChg%
ArrowDJIA 17,172.68 0.62
ArrowNasdaq 4,527.69 1.14
ArrowS&P 1,994.29 0.80
ArrowFTSE 6,773.63 0.94
ArrowDAX 9,749.54 0.51
ArrowCAC-40 4,442.55 0.42
ArrowNikkei 16,205.90 0.71
ArrowH.Seng 23,955.49 1.44
ArrowSensex 27,206.74 0.43






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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 18, 2014
Reserves $13.525 bln