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US stocks dip in final day of 'crazy' week NEW YORK: Wall Street stocks dipped in early trade Friday as the US market clung to its gains for the week after turbulent trade prompted by fears about the Chinese economy.About 45 minutes into trade, the Dow Jones Industrial Average was down 76.05 points (0.46 percent) at 16,578.72.The broad-based S&P 500 fell 6.01 (0.30 percent) to 1,981.65, while the tech-rich Nasdaq Composite Index lost 17.58 (0.37 percent) at 4,795.12.Heading into Friday, the S&P 500 was up about 0.85 percent for the week after strong gains on Wednesday and Thursday compensated for deep losses the prior two days.Global markets have been rocked by worries that a retreat in the Chinese equity market signals a major slowdown in the world's second-biggest economy.On Friday, the Shanghai index gained 4.82 percent. Equity markets in Paris and Frankfurt were lower Friday, while London was up a bit.Briefing.com analyst Patrick O'Hare described trade this week as ...


China shares rise sharply on signs of fresh government support SHANGHAI: China stocks jumped more than 4 percent for a second straight day on Friday as signs of fresh support from Beijing prompted more bargain hunting following the earlier plunge that panicked global markets. The mainland's blue-chip CSI300 index rose 4.3 percent, to 3,342.29 points, reducing the week's loss to 6.9 percent. The Shanghai Composite Index gained 4.8 percent to 3,232.35 points, though for the week, it lost 7.9 percent. But a rally in Hong ...

Emerging from the ashes, stocks end the week higher LONDON: Emerging markets stocks capped a turnaround from a calamitous China-driven start to the week on Friday with a second day of gains, though was not enough to save them from their worst month in three years.Investors were still on the hunt for bargains following the rout in Chinese and other key emerging economies that had sent global markets into panic on Monday.MSCI's benchmark EM stocks index was up just over 0.6 percent as a ...

Sri Lankan shares rise for third day; investors snap up battered stocks COLOMBO: Sri Lankan shares rose more than 1 percent on Friday, rising for a third straight session, as investors bought into select battered stocks like conglomerate John Keells Holdings Plc after recent falls. The main stock index ended 1.06 percent, or 77.38 points, higher at 7,350.52, moving further away from its lowest close since July 23 hit on Tuesday. The index had lost 3.2 percent in the two sessions through Tuesday as foreign investors sold ...

Nigerian stocks recover, led by banking and energy LAGOS: Nigerian stocks showed signs of recovery on Friday, gaining more than one percent after a strings of losses caused by falling oil prices and weakening growth in Africa's biggest economy. Nigeria's stock index, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, rose 1.26 percent to 28,577 points in early trade, lifted mainly by gains in banking, breweries and energy firms stocks. Shares of First Bank holdings rose 9.26 percent ...

European stocks rise at open LONDON: Europe's stock markets opened higher Friday following strong gains across Asia inspired by revised second quarter figures in the US indicating better economic growth than previously thought.In initial trade, London's benchmark FTSE 100 index gained 0.24 percent to 6,207.05 points.In the eurozone, Frankfurt's DAX 30 edged up 0.20 percent to 9,687.70 and the CAC 40 in Paris crept 0.12 percent higher to 4,663.98 points.European markets rebounded Thursday on comments from Federal Reserve officials throwing ...

Hong Kong stocks close 1.04pc lower HONG KONG: Hong Kong stocks closed 1.04 percent lower on Friday, losing early gains that were driven by advances on Wall Street following stronger-than-expected US economic growth estimates.The benchmark Hang Seng Index lost 226.15 points to finish at 21,612.39 on turnover of HK$112.88 billion ($14.55 billion).Copyright AFP (Agence France-Presse), 2015


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln