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European shares close sharply lower on China concerns LONDON: European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results.A slightly better-than-expected July reading from the German IFO business climate index helped ease some of the sell-off pressure in early trading. But shares fell further following a weaker start on Wall Street on concerns that China's growth prospects were dimming, after Shanghai stocks suffered their biggest one-day loss in eight years.The FTSEurofirst 300 index ended 2.2 percent lower at 1,529.77 points after falling to 1,529.03, the lowest level in two weeks. It has fallen more than 5 percent in a week, but is still up 12 percent this year.Sectors exposed to China - the world's biggest metals consumer and a big market for automobiles, luxury goods, oils and industrial goods - were the worst hit. The European autos , basic resources, energy and industrial ...

South Africa's rand wobbly ahead of trade data JOHANNESBURG: South Africa's rand struggled against the dollar on Monday, with traders and analysts seeing scope for further weakness if local trade data comes out softer than expected and the Federal Reserve issues a hawkish statement later this week.The rand touched a fresh 14-year low of 12.6900 to the dollar, extending Friday's sharp losses, and traded at 12.6235 at 1604 GMT, slightly weaker than its previous close at 12.6165.Government bonds also ended the session weaker, ...

US equities fall on Chinese sell-off NEW YORK: Wall Street stocks began a busy week of earnings and economic reports sharply lower in early trade Monday following a plunge in Chinese equity markets.About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,414.97, down 153.56 points (0.87 percent).The broad-based S&P 500 fell 13.79 (0.66 percent) to 2,065.86, while the tech-rich Nasdaq Composite Index dropped 41.11 (0.81 percent) to 5,047.52.US and European equity markets retreated after the Shanghai exchange plummeted ...

European stock markets slide on China plunge LONDON: European stock markets sank on Monday as investors reacted to the biggest one-day plunge in Chinese equities in more than eight years.Markets meanwhile awaited this week's US Federal Reserve's monetary policy meeting for a handle on its plans for interest rates.Nearing midday deals, London's benchmark FTSE 100 index of major blue-chip companies dropped 0.15 percent to 6,569.70 points.Frankfurt's DAX 30 shed 1.19 percent to 11,212 points and the CAC 40 in Paris lost 1.37 ...

Seoul shares edge down but car makers limit loss; won flat SEOUL: Seoul shares edged down on Monday on concerns over second quarter earnings, while car makers bolstered the main board on expectations a recently weak won could help lift their exports.The Korea Composite Stock Price Index (KOSPI) was down 0.4 percent at 2,038.81 points. It touched a morning low of 2,032.44, the lowest in two weeks.Hyundai Motor Co Ltd closed up 4.3 percent to 145,000 won, its highest closing level since June 2.Hyundai's affiliate Kia ...

Sri Lanka shares ease on profit-taking, month-end settlements COLOMBO: Sri Lankan shares slipped on Monday in thin trade from a two-month closing high hit in the previous session due to some profit-taking and month-end settlements.At 0615 GMT, the main stock index was 0.16 percent weaker at 7,257.42, slipping from its highest close since May 25 hit on Friday.It hit a two-month closing high on Friday as hopes of improved corporate earnings and political stability after the parliamentary polls next month boosted investor sentiment.Turnover ...

Australia shares close higher as financials rebound SYDNEY: Australian shares edged up 0.4 percent after a choppy session on Monday, supported by gains in property stocks and banks.The S&P/ASX 200 index ended up 23.8 points at 5,589.9. The benchmark ended 0.4 percent lower on Friday at 5,566.10.The index, which last week had its biggest fall since June 8-12, remains on track to post a monthly gain in July after falling each month since March.New Zealand's benchmark NZX 50 index slipped 0.37 percent ...


Index Closing Chg%
Arrow DJIA 17,6630.27 1.09
Arrow Nasdaq 5,089.21 0.98
Arrow S&P 2,093.25 1.24
Arrow FTSE 6,555.28 0.77
Arrow DAX 11,173.91 1.06
Arrow CAC-40 4,977.32 1.01
Arrow Nikkei 20,328.89 0.10
Arrow H.Seng 24,503.94 0.62
Arrow Sensex 27,459.23 0.37

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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