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Britain FTSE 100 edges lower as Tesco's woes mount LONDON: Britain's top equity index edged lower in late trading on Thursday, with a slump in the share prices of supermarket operator Tesco and consumer goods group Unilever hurting sentiment. Unilever fell 3.3 percent after reporting a weaker-than-expected 2.1 percent rise in third-quarter sales on a slowdown in emerging markets. The blue-chip FTSE 100 index, which has recovered slightly after hitting 15-month lows last week, was down 0.2 percent at 6,386.79 points by 1354 GMT. The index has fallen around 6 percent since the start of 2014. Tesco was the worst-performing FTSE 100 stock, down 7.7 percent, after reporting a bigger than expected hole in its accounts. It found that mistakes in booking income had gone back further than initially thought, forcing it to scrap its full-year profit outlook. The stock has fallen around 50 percent this year. "The lack of any strategy announcement is disappointing," Brewin Dolphin analyst Nik ...


Earnings weigh on European shares as companies hit by global exposure EDINBURGH: European stocks fell on Thursday, hindered by weak corporate results from companies including French tyre-maker Michelin, despite receiving support from better-than-expected euro zone business activity data. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London-listed shares were down 2.4 percent. ""I think there still is going to be earnings growth, but there is some evidence that international ...

Hong Kong shares end 0.30pc lower HONG KONG: Hong Kong stocks slipped 0.30 percent Thursday on profit-taking after a four-day rally, while investors were unimpressed after a closely watched index of Chinese manufacturing showed a slight improvement.The Hang Seng Index fell 70.79 points to 23,333.18 on turnover of HK$50.57 billion ($6.53 billion).The index had put on about 2.2 percent since Friday as last week's losses fuelled by concerns over the global economy eased, and traders had also been following a strong ...

German survey props up European shares LONDON: Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood.Asian markets had drifted lower overnight, unimpressed by a similar survey out of China, which was marginally above forecast but still showed the world's second largest economy slowing further at the start of the fourth quarter.Concerns over growth, banks and a beckoning era ...

Hong Kong shares end 0.3pc lower HONG KONG: Hong Kong stocks slipped 0.30 percent Thursday on profit-taking after a four-day rally, while investors were unimpressed after a closely watch index of Chinese manufacturing showed a slight improvement.The Hang Seng Index fell 70.79 points to 23,333.18 on turnover of HK$50.57 billion ($6.53 billion).In the mainland the benchmark Shanghai Composite Index fell 1.04 percent, or 24.13 points, to 2,302.42 on turnover of 140.6 billion yuan ($23.0 billion). The Shenzhen Composite Index, which tracks ...

Slumps at Tesco and Unilever send UK's FTSE lower LONDON: Britain's top equity index fell on Thursday, weighed down by a slump in the share prices of supermarket operator Tesco and consumer goods group Unilever.The blue-chip FTSE 100 index, which has recovered slightly after hitting 15-month lows last week, was down by 1.1 percent at 6,333.44 points in early session trading. The index has fallen by around 6 percent since the start of 2014.Tesco was the worst-performing FTSE 100 stock in percentage terms.Tesco fell ...

Tokyo stocks slips 0.37pc by the close TOKYO: Tokyo stocks slipped 0.37 percent Thursday on profit-taking after the previous day's hefty gains and following a sell-off on Wall Street.The Nikkei 225 index at the Tokyo Stock Exchange fell 56.81 points to finish at 15,138.96.The broader Topix index of all first-section shares lost 0.33 percent, or 4.07 points, to close at 1,232.34.The "sharp run-up is inviting yet another day of profit-taking", said Daisuke Uno, strategist at Sumitomo Mitsui Banking."This is the pattern of ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln