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Britain's FTSE ticks lower, energy stocks weigh LONDON: Britain's top equity index edged lower in early trading on Thursday, with energy shares falling the most following a decline in crude oil prices to a four-year low.The UK Oil and Gas index fell 0.9 percent, the worst sectoral performer, dragged down by a 1.0 to 1.8 percent drop in shares of BG Group, Tullow Oil, Petrofac and Royal Dutch Shell.Brent crude fell 1.8 percent to $76.36 a barrel as it became increasingly unlikely that OPEC would cut output to support prices during a meeting in Austria on Thursday.The meeting will be one of the most closely watched in years, with oil prices having sunk 30 percent since June."When it comes to OPEC it regularly falls upon Saudi Arabia's shoulders to make a cut, and we have seen no signs of that," Alastair McCaig, market analyst at IG, said."Oil companies can't help but react to the spot oil prices ...


Gulf stocks in sell-off on OPEC pessimism DUBAI :Saudi Arabia's bourse followed other Gulf markets and fell in early trade on Thursday as investors' hope that OPEC would cut oil output to boost the price at a meeting in Vienna waned, while Egypt extended gains.Brent crude traded below $77 per barrel after Saudi Arabian Oil Minister Ali al-Naimi told reporters late on Wednesday that the Gulf's oil exporters had reached a consensus and would not propose output cuts."Definitely, the speech from the ...

European shares inch up early; Infineon dips after results PARIS: European shares inched up in early trade on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank.Infineon dropped 1.9 percent after the German auto and industrial chipmaker posted results that slightly missed analyst forecast.Remy Cointreau surged 6 percent after the French spirits group - whose cognac sales have been hurt by a Chinese government crackdown on ostentatious spending - reported a ...

Philippine index near two-week low after weak Q3 GDP BANGKOK: Philippine shares hit the lowest in nearly two weeks on Thursday after the country posted slower economic growth in the third quarter while most other indexes in Southeast Asia snapped rising streaks as energy related stocks fell in line with declining global oil prices.The Philippine economy slowed to its weakest pace in more than five years in the third quarter, hurt by a decline in public spending and farm output and signalling a longer-than-expected ...

Flat UK FTSE lags euro zone peers as energy stocks weigh LONDON: Britain's top equity index lagged its continental peers on Thursday, held back by energy shares hit by an oversupply of oil sending crude prices to a four-year low.Oil majors such as Shell and BP were the biggest drag on a flat FTSE 100 index after Brent crude hit a a 50-month low of $75.48.Ministers from the Organization of the Petroleum Exporting Countries were unlikely to agree a production cut to support prices at their ...

Oil hits four-year low as expectations fade for OPEC cuts LONDON: Fading hopes OPEC will cut production when it meets Thursday sent oil prices tumbling to a four-year low and the world stock-market rally paused for Thanksgiving in the United States.Gulf oil producers, led by Saudi Arabia, are expected to argue for putting off output cuts at the OPEC meeting. Some members want to prop up prices, which have dropped over a third since June. OPEC sources say action is unlikely .Brent oil dropped by ...

Indian shares edge higher ahead of GDP data, central bank policy review MUMBAI: Indian shares edged up marginally on Thursday, led by buying in blue chips such as Infosys and Hindustan Unilever, while caution prevailed ahead of the release of economic growth data on Friday and the central bank's policy review due on Dec. 2.India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to ...


 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln