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Asian shares turn higher as China rallies, dollar up TOKYO: Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session.European shares marked a weak finish in thin trade on Monday, with many markets in the region closed for holidays. US markets were also closed for Memorial Day.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session. Australian shares were up 0.8 percent.Hong Kong's Hang Seng index jumped 1.5 percent, flirting with seven-year highs, on expectations of more money inflows from the mainland following Beijing's fresh moves to expedite cross-border investment. Mainland bourses also rose, with the CSI300 Index adding 0.9 percent and the Shanghai Composite Index rising 1.1 percent, both to fresh seven-year highs.China announced over the weekend that it would allow funds domiciled in Hong ...


TSX slips in slow trade on energy pullback TORONTO: Canada's main stock index slipped on Monday as investors took money out of recently rising energy stocks, but gave muted backing to banks ahead of their closely watched week of quarterly earnings reports. Trade was slow, with US markets closed for the Memorial Day holiday. The Toronto Stock Exchange's S&P/TSX composite index dropped 13.36 points, or 0.09 percent, to close at 15,187.40. Copyright Reuters, 2015

Greek, French, Italian shares fall in thin trading LONDON: European equities fell on Monday, tracking Friday's losses on Wall Street and as a Greek minister said Athens cannot make debt repayments next month unless Greece reaches a deal with its creditors. Greece's ATG index fell 2.5 percent on the comments by Interior Minister Nikos Voutsis during a weekend TV show. After four months of talks with its euro zone partners and the IMF, the leftist-led government is still scrambling for a deal that ...

TSX opens broadly lower; energy leads retreat TORONTO: Canada's main stock index opened lower on Monday, with most of the index's main sectors losing ground and US markets closed for the Memorial Day holiday. The Toronto Stock Exchange's S&P/TSX composite index fell 21.09 points, or 0.14 percent, to 15,179.67. Energy stocks were off 0.3 percent as crude prices dipped. Copyright Reuters, 2015

South African stocks flat, Illovo at 7-year low after weak FY earnings JOHANNESBURG: South Africa's main stock index ended barely changed on Monday, with Illovo Sugar Ltd leading the decliners' list after the continent's biggest sugar producer posted lower full-year earnings. Illovo reported a 7.7 percent fall to 179 cents in headline EPS, citing lower sugar prices and currency headwinds. In reaction, shares in the company plunged 10.7 percent to 18.82 rand, a level last seen nearly seven years ago and booked their biggest one-day decline on ...

Wall St Week Ahead-Yellen tone suggests choppiness for markets ahead NEW YORK: US stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.Fed Chair Janet Yellen on Friday said she expected the US central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the ...

Brazil real slides on fiscal noise, Fed concern RIO DE JANEIRO: Brazil's real led losses among Latin American currencies on Monday as questions about the political support to Brazilian austerity measures added to concern about the timing of an expected interest rate hike in the United States.The real dropped more than 1 percent earlier in the session on talk that Finance Minister Joaquim Levy considered a budget freeze of 69.9 billion reais ($21.6 billion) announced on Friday as insufficient.The speculation emerged when he ...


 



 
Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln