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China shares rise on better-than-expected flash PMI number HONG KONG: China shares rose on Tuesday after a preliminary survey showed the Chinese manufacturing sector unexpectedly picked up in September, easing but not dispelling concerns that the country could see a sharp slowdown in growth.The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from August's final reading of 50.2, beating a Reuters poll forecast of 50.0.The Shanghai Composite Index climbed 0.9 percent to 2,309.83 points.The CSI300 of the leading Shanghai and Shenzhen A-share listings also closed up 0.9 percent. Military-related companies, led by shipbuilders, again performed well. Late on Monday, state television reported that President Xi Jinping said the army should build new types of headquarters and strengthen its ability to win battles, which analysts said boded well for reforms in military-linked firms. CSSC Holdings jumped 6.0 percent and China Shipbuilding Industry 2.1 percent.The subindex for space and defense stocks climbed 3.2 percent.The official China ...

Europe shares fall early; Raiffeisen sinks after warning PARIS: European shares fell in early trade on Tuesday, adding to the previous session's pull-back as data showing French business activity contracting again in September rattled investors. Shares in Raiffeisen Bank International featured among the top losers, down 10 percent after the Austrian lender said hits from Ukraine and Hungary will likely push it to its first-ever annual loss in 2014. At 0706 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 ...

Wall St ends lower on housing data NEW YORK: US stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August as the latest housing data came in much weaker than expected, raising new concerns about the level of growth in the economy. The Dow Jones industrial average fell 104.01 points, or 0.6 percent, to 17,175.73, the S&P 500 lost 15.89 points, or 0.79 percent, to 1,994.51 and the Nasdaq Composite dropped 52.10 points, or 1.14 ...

Taiwan stocks flat ahead of central bank policy meeting TAIPEI: Taiwan stocks were mostly flat Tuesday and holding steady on light volume ahead of a central bank quarterly policy review later this week that is expected to leave interest rates unchanged.As of 0141 GMT, the main TAIEX index fell 9.29 points to 9125.36, after closing down 1.14 percent on Monday.The electronics subindex was down 0.1 percent, while the financials subindex was off 0.6 percent.Fundamentally, the island economy remains on solid footing. Export orders data ...

Australia shares edge higher after uptick in China PMI survey SYDNEY/WELLINGTON: Australian shares reversed an early dip to rise 0.3 percent on Tuesday as a better-than-expected manufacturing survey from China showed modest expansion, raising hopes of an economic recovery in Australia's largest export market, though a drop among miners tempered gains. A preliminary HSBC/Markit Flash China Purchasing Managers' Index rose to 50.5 in September from August's final reading of 50.2. The 50 point level separates growth in activity from contraction. This helped buoy the market, ...

South Korean shares fall as Syria air strikes negate China PMI; won lower SEOUL: South Korean shares fell on Tuesday morning, as a better-than-expected survey on Chinese manufacturing activity was offset by renewed geopolitical after the United States launched its first air campaign targeting Islamic State (IS) militants in Syria.The Korea Composite Stock Price Index (KOSPI) fell 0.55 percent to 2,028.10 points as of 0235 GMT.China's flash HSBC/Markit manufacturing Purchasing Manager's Index (PMI) edged up to 50.5 to beat forecasts, but showed employment at its lowest level in ...

Asia relieved as China flash PMI beats low expectations SYDNEY: Asian shares recouped early losses on Tuesday while commodities won a break from recent selling pressure after a reading on China's massive factory sector outpaced the market's bleak expectations. The HSBC flash reading on manufacturing (PMI) for September rose to 50.5, from 50.2 in August and confounding forecasts for a dip to 50.0. The market had been braced for something even worse and the relief helped Chinese stocks move into the black and the ...


Index Closing Chg%
Arrow DJIA 17,055.87 0.68
Arrow Nasdaq 4,508.69 0.42
Arrow S&P 1,982.77 0.58
Arrow FTSE 6,676.08 1.44
Arrow DAX 9,595.03 1.58
Arrow CAC-40 4,359.35 1.87
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,837.07 0.49
Arrow Sensex 26,775.69 1.58

Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln