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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 to market uncertainty.There are fears a rate hike will further jolt confidence in the global economy, which has already been rocked by the rout in Chinese stock markets."Investors are concerned about the strength of the global economy, which is why you're seeing a sell-off in various stock markets," Ayako Sera, a strategist at Sumitomo Mitsui Trust Bank Ltd. in Tokyo, said. "Investors are also taking a cautious stance."Shanghai dived 3.20 percent after China's statistics bureau ...


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, ...

Gulf stocks slide in August over oil price dive KUWAIT CITY: Saudi stocks dived 17.2 percent in August to lead a slide in other Gulf bourses which came under pressure from a sharp decline in oil prices and China's economic woes.Global equities were hammered last week as risk-averse investors dumped shares on spreading panic that the flagging Chinese economy -- the world's second largest -- could spark a new worldwide recession.The August decline in the Gulf wiped out all gains made by its seven ...

European stocks slip as investors ponder China, US rates PARIS: Europe's main stock markets slid Monday as investors still rattled by last week's turmoil pondered China's slowing economy and potential US interest rate moves.The CAC 40 in Paris shed 0.47 percent to 4,652.95 points in mid-afternoon trading, and Frankfurt's DAX 30 gave up 0.38 percent to 10,259.46 points compared with Friday's close.London's stock exchange was closed for a national holiday.Global equities were hammered last week as risk-averse investors dumped shares amid panic that the ...

US stocks close lower, S&P loses 0.84pc NEW YORK: Nervous investors sold down US stocks Monday after surviving last week's turbulence, amid continued worries over the potential broader impact of China's slowdown.Caution was warranted as the Tokyo and Shanghai exchanges fell again and Europe's major bourses also sagged, with the exception of London, closed for a banking holiday.After trading lower all day, the Dow Jones Industrial Average finished down 114.98 points (0.69 percent) at 16,528.03.The broader S&P 500 lost 16.69 points (0.84 ...

Saudi Arabia, Egypt join regional pull-back DUBAI: Stock markets in Saudi Arabia and Egypt fell in early trade on Monday after oil prices dropped and emerging market equities in Asia slipped. The main Saudi stock index fell 1.6 percent, with petrochemicals heavyweight Saudi Basic Industries (SABIC) the main drag. It slid 2.2 percent, in line with the price of oil, which affects the industry's profit margins. Brent crude futures for October delivery have dropped more than $1 or 2 percent on ...

Sri Lankan shares slip ahead of central bank policy move COLOMBO: Sri Lankan shares snapped three straight sessions of gains to end lower on Monday as investors booked profits and waited for cues from the central bank's August monetary policy meeting later in the day. The Central Bank of Sri Lanka is expected to keep its policy rates unchanged at record lows at the policy meeting, a Reuters poll showed. The country's main stock index ended 0.59 percent lower, or down 43.58 points, at 7,306.94, ...


 



 
IndexClosingChg%
ArrowDJIA 16,528.03 0.69
ArrowNasdaq 4,776.51 1.07
ArrowS&P 1,927.18 0.84
ArrowFTSE 6,247.94 0.90
ArrowDAX 10,259.46 0.38
ArrowCAC-40 4,652.95 0.47
ArrowNikkei 18,890.48 1.28
ArrowH.Seng 21,670.58 0.27
ArrowSensex 26,283.09 0.41





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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