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Earnings, big pharma deals give S&P 500 6th straight gain NEW YORK: Solid earnings and major pharmaceutical-sector deals lifted stocks on Tuesday, producing a sixth straight day of gains for the S&P 500 and Nasdaq Composite Index.At the closing bell, the Dow Jones Industrial Average rose 65.02 points (0.40 percent) to 16,514.27, the third day in a row to see a gain.The S&P 500 added 7.72 (0.41 percent) at 1,879.61, while the Nasdaq put on 39.91 (0.97 percent) to 4,161.46.A series of deals between Novartis, GlaxoSmithKline and Eli Lilly shuffled more than $20 billion in assets.The market was also cheered by a plethora of earnings that mostly beat expectations. "If you look at the market overall, we see a lot of beats in terms of earnings," said David Levy, portfolio manager at Kenjol Capital Management.Levy said the tech stocks have reemerged as leaders after languishing for much of March and early April. "The market sentiment seems to have turned much ...

Man Utd shares jump 6pc after manager Moyes booted NEW YORK: Shares of Manchester United jumped six percent on Tuesday after the struggling Premier League giant sacked manager David Moyes just 10 months into the job.Shares of the popular British football team, traded on the New York Stock Exchange, leaped in opening trade and rose to $19.18, before closing at $18.78, their best level since May 2, 2013.The company announced Moyes's departure ahead of the market opening, a much-anticipated move after the club's poor ...

European stocks close up on pharma boost LONDON: Europe's main stock markets closed up Tuesday after the Easter weekend holiday, boosted by mega-deals in the pharmaceutical sector.London's FTSE 100 gained 0.85 percent compared to Thursday's closing level to reach 6.681.76 points.Germany's DAX 30 soared 2.02 percent to 9,600.09 points while the CAC-40 in Paris gained 1.18 percent to 4,484.21 points.Copyright AFP (Agence France-Presse), 2014

European stocks rise on pharmaceutical shake-up LONDON: European stock markets rallied in morning deals on Tuesday as shares in pharmaceutical groups surged owing to a major reshaping of the sector.London's benchmark FTSE 100 index climbed 0.79 percent to 6,677.55 points compared with Thursday's closing level -- the last trading day before European markets closed for Easter. Frankfurt's DAX 30 jumped 0.95 percent to 9,499.05 points and the CAC 40 in Paris advanced 0.52 percent to 4,454.96.The euro rose against the dollar."The ...

Stocks gain, currencies flat, Ukraine watched BUDAPEST: Central European equities mostly rose on Tuesday, reopening in a cautiously optimistic mood after a peace deal in neighbouring Ukraine largely held over the Easter holidays, despite a continuing standoff with pro-Russian separatists.The international agreement to avert wider conflict in Ukraine caused some relief last week and that mood persisted.Hungary's forint, the Central European currency which has been the most vulnerable to the Ukrainian events, eased 0.3 percent against the euro to 307.5.But that ...

Vietnam index ends up 2pc on buying near support level HANOI: Vietnam's benchmark VN Index bounced back 2.1 percent on Tuesday, led by banks and property firms as investors sought stocks after recent falls.Investors became more confident to join the market as the index fell near a strong support level between 550 and 555 points, analysts said.Most shares reverted recent losses after the index hit near its 10-week low on Monday, having fallen for a combined 3.8 percent since last Friday."Some stocks have plummeted to ...

Hong Kong shares end 0.13pc lower HONG KONG: Hong Kong shares slipped 0.13 percent on Tuesday despite a fifth-straight rally on Wall Street, as traders returned from a long weekend, while attention turns to the release of Chinese manufacturing data.The benchmark Hang Seng Index ended down 29.56 points at 22,730.68 on turnover of HK$48.25 billion (US$6.23 billion).In China the benchmark Shanghai Composite Index rose 0.34 percent, or 7.00 points, to 2,072.83 on turnover of 82.5 billion yuan ($13.2 billion).The Shenzhen Composite ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln