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Asian shares wobble after China rate cut HONG KONG: Asian stocks flip-flopped on Wednesday after China cut interest rates in a bid to restore confidence in its sagging economy, with trading volatile after days of heavy swings across world equities.The dollar edged up in Tokyo, after rebounding from this week's steep losses in New York as nervous investors searched for safety.Tokyo rose 0.40 percent by the break, bouncing after their worst two-day plunge since 2011, and Seoul added 1.05 percent as China's move to cut rates and free up cash for banks to lend spurred optimism. But Shanghai swiftly gave up gains in opening deals to fall 3.03 percent by mid-morning, and Hong Kong and Sydney both dropped 0.70 percent.China on Tuesday cut its key interest rate and slashed the amount of money banks must hold in reserve for the second time in as many months in a bid to spur growth and end its worst stock ...

Shanghai stocks rise 0.80pc by the break SHANGHAI: Shanghai stocks rose 0.80 percent by the break on Wednesday, with trading still volatile after China cut interest rates following days of heavy market falls, dealers said.The benchmark Shanghai Composite Index gained 23.79 points to 2,988.76. It fell as much as 3.85 percent and rose as much as 1.24 percent during morning trading.The Shenzhen Composite Index, which tracks stocks on China's second exchange, gave up 0.23 percent, or 4.02 points, to 1,745.05.Copyright AFP (Agence ...

Hong Kong stocks edge up 0.18pc by the break HONG KONG: Hong Kong stocks edged 0.18 percent higher by the break on Wednesday after a see-saw morning session, as investors remained nervous after a global market rout.The benchmark Hang Seng Index added 38.95 points to 21,443.91 by the end of morning trading on turnover of HK$56.11 billion ($7.24 billion).Copyright AFP (Agence France-Presse), 2015

US stocks end lower as morning rally fizzles NEW YORK: US stocks finished lower for the sixth straight session Tuesday, with the Dow posting another triple-digit decline after a morning rally fizzled. The Dow Jones Industrial Average shed 204.91 points (1.29 percent) at 15,666.44.The broad-based S&P 500 dropped 25.60 (1.35 percent) to 1,867.61, while the tech-rich Nasdaq Composite Index lost 19.76 (0.44 percent) at 4,506.49.US equity markets surged early and stayed high much of the day, but faded sharply in the last hour ...

Assets rebound, Hungary's central bank holds fire BUDAPEST: Central European assets recouped part of the previous session's sharp losses on Tuesday as some Asian stocks also rebounded.Stocks in the European Union's emerging markets extended gains after China cut rates to help its stuttering economy and try to calm its financial markets.The forint was flat at 312.65 against the euro at 1337 GMT after Hungary's central bank kept interest rates on hold at record lows as expected.The forint had already rebounded late in ...

European markets surge after 'Black Monday' losses PARIS: European stock markets roared back into the black Tuesday, with most indices regaining much of the steep losses suffered the previous session on fears of economic slowdown in China.In trading around 1130 GMT, London's FTSE 100 index was up 3.53 percent, the CAC 40 in Paris rose 4.58 percent and the DAX 30 in Frankfurt climbed 4.28 percent. The trio had closed 4.67, 4.7 and 5.35 percent lower respectively on Monday amid a global ...

SE Asia Stocks: Snap losing streak; foreign selling caps gains BANGKOK: Southeast Asian stock markets rebounded on Tuesday as bargain hunting emerged in battered stocks across Asia and share buybacks by some companies helped the key stock indexes in Indonesia and Thailand regain some lost ground.The Singapore Straits Times Index climbed 1.5 percent, recouping early losses and after dropping more than 4 percent in the previous session. Banking shares such as DBS Group Holdings led the rebound."Bargain hunting and short covering buoyed blue chips and ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln