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European shares rise as ECB seen opening door to more stimulus LONDON: European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy. Speaking at a congress in Frankfurt, Draghi highlighted weak economic activity indicators from the bloc earlier this week and said the ECB would broaden the size, pace and composition of its asset purchase programme if needed. "Draghi recognised that acting in a speedy fashion is necessary to avoid a deterioration in the inflation rate," said Vincenzo Longo, a strategist at IG. "The market extended gains as it started discounting quantitative easing on sovereign bonds from December." The pan-European FTSEurofirst 300 index was up 0.8 percent at 1,367.73 points at 0910 GMT, while the Euro STOXX 50 index was up 1.1 percent at 3,135.13 points.Euro zone banks, which have a high exposure to the region's economy and significant holdings of sovereign ...

Nikkei sags, heads for first weekly drop in five TOKYO: Japanese stocks skidded on Friday as selling ahead of a long weekend and signs of short-term overheating offset a boost from a solid Wall Street performance rooted in U.S economic strength.The Nikkei average shed 0.7 percent to 17,172.82 by 0120 GMT, leaving the benchmark on course to snap a run of four weeks of gains.Before a holiday on Monday, "Investors are locking in gains in major shares," said Masayuki Otani, chief market analyst of ...

Australia shares hit 4-week lows, growth woes offset US optimism SYDNEY/WELLINGTON: Australian shares edged down to a four-week low on Friday as underlying worries about a slump in iron ore prices and the demand outlook eclipsed encouraging US economic data. Data showing American factory activity in the mid-Atlantic region grew at its fastest in two decades and home resales jumped to their highest did little to take the edge off global growth worries. "Whilst the US is ticking along, it's not enough, particularly for a ...

Taiwan stocks flat; Hon Hai, Innolux up on new project TAIPEI: Taiwan stocks were flat on Friday, but shares of iPhone 6 assembler Hon Hai Precision traded higher after the company announced a multi-billion dollar flat panel project.At 0215 GMT, the main TAIEX index was off 0.01 percent at 9,077.84, retreating from a 1.3 percent gain in the previous session.Hon Hai, which assembles iPhone 6 for Apple Inc, inched up 0.3 percent. Innolux, the world's third-largest panel maker, added 0.7 percent.The two said on Thursday ...

Asian stocks mostly higher after painful week HONG KONG: Asian markets mostly rose on bargain-buying Friday, at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat.The yen made some inroads against the dollar and euro after hitting multi-year lows, but with eyes on the general election expected next month in Japan, analysts expect it to resume its downtrend.Tokyo reversed early losses to end 0.33 percent higher, adding 56.65 points ...

European stocks rise at open LONDON: Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.30 percent to 6,698.83 points.Frankfurt's DAX 30 climbed 0.39 percent to 9,521.24 points and the CAC 40 in Paris gained 0.27 percent to 4,245.65 compared with Thursday's closing values.Copyright AFP (Agence France-Presse), 2014

Hong Kong shares end 0.37pc higher HONG KONG: Hong Kong stocks ended 0.37 percent higher Friday, snapping a four-day losing streak, following a record close on Wall Street, although a much-vaunted trading link-up with Shanghai's exchange suffered a disappointing first week.The Hang Seng Index added 87.48 points to 23,437.12 on turnover of HK$71.09 billion ($9.17 billion).In mainland China the benchmark Shanghai Composite Index climbed 1.39 percent, or 34.13 points, to 2,486.79 on turnover of 197.8 billion yuan ($32.2 billion). The index ...


ArrowDJIA 17,810.06 0.51
ArrowNasdaq 4,712.97 0.24
ArrowS&P 2,063.50 0.52
ArrowFTSE 6,750.76 1.08
ArrowDAX 9,732.55 2.62
ArrowCAC-40 4,347.23 2.67
ArrowNikkei 17,357.51 0.33
ArrowH.Seng 23,437.12 0.37
ArrowSensex 28,334.63 0.95

Banking Review 2013

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