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European shares climb to 2-week high, focus on Scotland LONDON: European equities advanced on Thursday, with a key index climbing to a two-week high after the U.S. Federal Reserve renewed a pledge to keep ultra-low interest rates for a considerable time.However UK shares slightly underperformed as the voting got underway in Scotland's referendum on independence, keeping investors on edge ahead of the result on Friday.The FTSEurofirst 300 index of top European shares was up 0.8 percent at 1,396.07 points by 1034 GMT after rising up to 1,397.01, its highest since Sept. 5.Britain's FTSE was up 0.4 percent, Germany's DAX index gained 1 percent and France's CAC 40 rose 0.6 percent.The market got support from a statement from the Fed, which reaffirmed late On Wednesday its commitment to keep interest rates near zero for a "considerable time". However, it also indicated it could raise borrowing costs faster than expected when it starts moving."Investors are feeling a bit relieved that the ...


Indian shares gain most in over three months MUMBAI: Indian shares surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals.Traders said a report from news channel Zee Business that Standard & Poor's would raise its rating on India had also boosted shares. S&P officials were not immediately reachable for comment.However, analysts say a full grade upgrade is unlikely given ...

Dollar hits six-year peak versus yen, ECB aims cash hose LONDON: The dollar vaulted to a six-year peak against the yen on Thursday as the Federal Reserve's outlook for rising interest rates underlined the diverging path between the United States and the rest of the rich world.It came as the European Central Bank prepared to turn its liquidity taps back on in full after a 2-1/2 year break, and as voters in Scotland started hitting the polls to decide whether to separate from the rest ...

UK's FTSE gains on Fed, shrugs off Scotland referendum angst LONDON: Britain's top shares rose on Thursday as investors put aside angst about an independence vote that got underway in Scotland to focus on the prospect of an extension of ultra-low interest rates in the United States.Equities across Europe temporarily trimmed gains when the European Central Bank handed out a below-forecast 82.6 billion euros ($106.38 billion) in its first offering of four-year loans to banks.But traders said this was offset by expectations that a small ...

Hong Kong shares end 0.85pc lower HONG KONG: Hong Kong stocks closed 0.85 percent lower Thursday, giving up most of the previous day's gains, after the US Federal Reserve suggested an eventual interest rate hike tipped for late next year could be more than forecast.The Hang Seng Index shed 207.69 points to 24,168.72 on turnover of HK$70.20 billion ($9.06 billion).The index rallied one percent on Wednesday on a report that China's central bank had pumped $81 billion into the country's top ...

UAE, Egypt edge up; Qatar slips after index rejig DUBAI: Bourses in the United Arab Emirates and Egypt edged up in early trade on Thursday on the back of property and banking stocks, while Qatar's index pulled back after the stock exchange announced changes to the benchmark. Dubai's main index rose 0.9 percent, supported by blue chips Emaar Properties and Dubai Islamic Bank, up 2.3 and 1.3 percent respectively. Emaar came under pressure earlier this week as retail investors sold some of their holdings ...

UK's FTSE lags European bourses as Scotland vote starts LONDON: Britain's top equity index edged lower on Thursday, lagging gains elsewhere in Europe, as uncertainty over an independence vote that got under way in Scotland pegged back UK stocks. Scots began voting in an independence referendum that will decide the fate of the United Kingdom, after opinion polls showed hundreds of thousands were still agonizing over whether to retain the 307-year union with England or back secession. Five surveys - from YouGov, Panelbase, Survation, ...


 



 
Index Closing Chg%
Arrow DJIA 17,265.99 0.64
Arrow Nasdaq 4,593.43 0.68
Arrow S&P 2,011.36 0.49
Arrow FTSE 6,819.29 0.57
Arrow DAX 9,798.13 1.41
Arrow CAC-40 4,464.70 0.75
Arrow Nikkei 16,067.57 1.13
Arrow H.Seng 24,168.72 0.85
Arrow Sensex 27,112.21 1.81





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln