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Hong Kong stocks close higher but Shanghai sinks further HONG KONG: Hong Kong shares ended 0.56 percent higher Friday, ending a painful weak on a positive note as dealers brushed off more losses in mainland Chinese markets and a tepid lead from Wall Street.The benchmark Hang Seng index added 138.30 points to 24,636.28 on turnover of HK$77.73 billion (US$10.03 billion).The markets swung throughout the week, ending it more than three percent lower, as investors were spooked by renewed selling in China, where the Shanghai market slumped more than 10 percent over the past five days and 15 percent in July. That included an 8.48 percent collapse Monday, its heaviest loss in more than eight years.Hong Kong investors were also unfazed by a flat session in New York, which came despite figures showing growth in the US economy picked up to 2.3 percent in April-June -- the strongest growth since the third quarter of 2014.And while the figure was a ...

European shares gain after upbeat earnings reports; China still a drag LONDON: European equities enjoyed their third straight day of gains on Thursday with results from Siemens, Nokia and Safran underpinning the signs of recovery. Sentiment was also buoyed by the US Federal Reserve's relatively bright picture of improving labour-market conditions, without appearing any more aggressive than expected on the timing of an interest rate increase. However, concerns over China's growth and emerging markets weighed on companies, among them drinks group Anheuser-Busch InBev. Carmaker Renault warned ...

European stock markets climb on earnings, Fed LONDON: European stock markets rose Thursday on company updates and as investors assessed the US Federal Reserve's outlook for the economy.London's benchmark FTSE 100 index gained 0.76 percent to stand at 6,681.61 points in mid-afternoon deals in the British capital.Frankfurt's DAX 30 advanced 0.08 percent to 11,220.98 points and the CAC 40 in Paris was up 0.07 percent to 5,021.07 points compared with Wednesday's close.The euro fell to $1.0938 from $1.0990 late in New York ...

US stocks fall on mixed earnings NEW YORK: Wall Street stocks fell early Thursday following mixed earnings and government data that showed the US economic rebound in the second quarter was slightly lower than expected.About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,671.29, down 80.10 points (0.45 percent).The broad-based S&P 500 dropped 10.12 (0.48 percent) to 2,098.45, while the tech-rich Nasdaq Composite Index fell 32.20 (0.63 percent) to 5,079.53.Dow member Procter & Gamble tumbled 3.8 percent after ...

Australia shares rise again on iron ore prices, China optimism SYDNEY: Australian shares had a second straight day of solid gains on Thursday, as rising iron ore prices and stabilising Chinese equity markets lifted investor confidence.The S&P/ASX 200 index climbed 0.81 percent or 45.343 points to 5,669.500 at the close of trade. On Wednesday, the benchmark gained 0.7 percent to close at 5,624.2.New Zealand's benchmark NZX 50 index gained 0.36 percent or 21.08 points to finish the session at 5,891.850.Copyright Reuters, 2015

Shanghai shares close down 2.20pc after rally SHANGHAI: Shanghai shares closed down 2.20 percent on a late spurt of selling Thursday, after rallying more than three percent a day earlier, dealers said.The benchmark Shanghai Composite Index retreated 83.40 points to 3,705.77 on turnover of 616.0 billion ($100.7 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, sank 3.21 percent, or 70.65 points, to 2,128.16 on turnover of 540.7 billion yuan.Copyright AFP (Agence France-Presse), 2015

European stock markets climb at open LONDON: Europe's main stock markets rose at the open Thursday on company updates and as investors assessed the US Federal Reserve's outlook for the economy.London's benchmark FTSE 100 index gained 0.64 percent to 6,673.21 points compared with Wednesday's close.Frankfurt's DAX 30 advanced 0.83 percent to 11,305.46 points and the CAC 40 in Paris climbed 0.63 percent to 5,049.24.Asian stock markets mostly closed higher Thursday, tracking a rally in New York, while the dollar advanced after ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln