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European shares up, RSA and Melrose surge on M&A news LONDON: European shares bounced in early trading on Tuesday after falling in the previous five sessions, with some strong company results and mergers and acquisitions news supporting the market.RSA Insurance Group surged 12.9 percent after Zurich Insurance said it was weighing up a bid for the British group with a market capitalization of 4.4 billion pounds ($6.85 billion).Engineering turnaround specialist Melrose jumped 15 percent after saying it would sell its Elster business to Honeywell International for 3.3 billion pounds ($5.14 billion) in cash..Shares in Kering rose 5.6 percent, after Gucci, the flagship brand of the French luxury and sportswear group, posted a 4.6 percent rise in underlying second-quarter sales, marking a much sooner than expected rebound under its new creative and management duo. The FTSEurofirst 300 index of top European shares was 0.4 percent higher at 1,536.12 points by 0712 GMT after hitting a two-week low in the previous session.Copyright ...

Shanghai stocks close down 1.68pc SHANGHAI: China's benchmark Shanghai stock index closed down 1.68 percent on Tuesday, slashing losses from earlier in the day but still defying government efforts to improve sentiment after a plunge on Monday.The Shanghai Composite Index fell 62.56 points to 3,663.00 on turnover of 685.1 billion yuan ($112.0 billion) after falling as much as 5.0 percent and rising up to 0.93 percent during the day. Its 8.48 percent plummet on Monday was the biggest single-day loss ...

Tokyo stocks down at close as China stock rout weighs TOKYO: Tokyo stocks slipped 0.10 percent Tuesday, recovering earlier losses in line with Chinese shares which had dived in morning trade, a day after the mainland market's heaviest one-session loss in more than eight years.The Nikkei 225 index at the Tokyo Stock Exchange closed down 21.21 points to 20,328.89, while the broader Topix index of all first-section shares eased 0.52 percent, or 8.44 points, to 1,629.46.Copyright AFP (Agence France-Presse), 2015

Asian markets sink as Shanghai falls further HONG KONG: Asian markets tumbled further Tuesday, dragged down by another massive sell-off in Shanghai a day after the mainland Chinese market's heaviest one-day losses in more than eight years.Fears of a resumption of the rout that strafed Chinese shares over a month until July 8 sent global traders running Monday, with Wall Street falling for a fifth day in a row and safe-haven gold edging back up after a recent slip.The dollar weakened against ...

Tokyo stocks down 0.94pc by break TOKYO: Tokyo stocks fell 0.94 percent Tuesday morning as Shanghai suffered another sell-off a day after the mainland Chinese market's heaviest one-day losses in more than eight years.The Nikkei 225 index at the Tokyo Stock Exchange was down 191.47 points at 20,158.63 by the break, while the broader Topix index of all first-section shares eased 1.14 percent, or 18.66 points, to 1,619.24.Chinese stocks plunged on Tuesday morning, despite the government's renewed pledge of continued support, ...

Hong Kong stocks up 1.52pc by break HONG KONG: Hong Kong stocks recovered from initial losses to end the morning 1.52 percent higher Tuesday after slumping more than three percent in the previous session, in line with a collapse in mainland markets.The benchmark Hang Seng index added 393.33 points to 24,721.29 on turnover of HK$72.56 billion (US$9.36 billion).Copyright AFP (Agence France-Presse), 2015

China stocks down at midday, defying government moves SHANGHAI: Chinese shares sank on Tuesday morning, a day after Shanghai's steepest slide in eight years, defying renewed government vows of support that analysts warned were not enough to settle nervous investors.The fresh losses, in a volatile session, came despite an unprecedented effort by the government of the world's second largest economy to shore up prices following a month-long rout.The recent turmoil followed a stock boom encouraged by the authorities, and their willingness to intervene ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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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