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FTSE edges away from record high, led down by Barclays LONDON: Britain's leading share index gave up early gains on Wednesday and edged lower, led down by Barclays after a broker downgraded the stock.The blue-chip FTSE 100 index was down 9.09 points, or 0.1 percent, at 7,010.59 points by 1512 GMT, having hit a record intra-day high of 7,065.08 on Tuesday.The index has gained nearly 7 percent so far this year and is up about 15 percent since the middle of December, helped by a strong recovery in the British economy and a bond-buying programme by the European Central Bank.The index had rallied for six straight days before ending lower on Tuesday after reaching its peak."I'm not surprised to see us pause at these levels, as after the strong run we've seen, the index has hit a region of resistance around 7,050," said Fawad Razaqzada, technical analyst at Gain Capital, adding that the index should be supported by previous resistance ...


Wall St, dollar slip on US growth worries NEW YORK: Wall Street stocks and the dollar slipped on Wednesday as government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets.A modest lift at the opening bell for U.S. stocks on news of a deal between Kraft Foods and Heinz Co to create North America's third-largest food company failed to hold, with stocks fading after data showed unexpectedly weak U.S. durable goods orders.The ...

DAX declines as European shares dip below multi-year highs LONDON: European shares retreated further from 7-1/2-year highs hit last week as a rebound in the euro pegged back stock markets and pushed the German market back off record highs.Germany's DAX equity index, which hit a record of 12,219.05 points last week, fell 0.6 percent to 11,928.88 points.Data on Wednesday showed German business morale rose for the fifth month in a row in March, hitting its highest level since July 2014, while French business morale ...

South African stocks end lower, Nampak slips on write-down JOHANNESBURG: South African stocks fell more than 1 percent on Wednesday, with packaging firm Nampak sliding after saying it would write-down the value of its flexibles division before selling it while cancelling the sale of another unit.Shares in Nampak, Africa's biggest packaging company, which plans to sell non-core assets, fell 3.3 percent to 40.50 rand."It will effect earnings in the short term because they had to write down the value of the asset before selling ...

Tech stocks drag European shares from multi-year highs LONDON: European shares retreated further from 7-1/2-year highs hit last week, led lower by weaker technology stocks that slid on the back of a sell-off in their U.S. peers.The STOXX Europe 600 Technology Index fell 2.9 percent, with traders citing concerns over weak computer sales weighing on the U.S technology sector.British chipmaker ARM fell 5.9 percent while Dutch semiconductor company ASML declined by 5.2 percent.Germany's DAX equity index, which hit a record of 12,219.05 points ...

European stock markets retreat LONDON: European stock markets fell Wednesday as worries over Greece offset positive German data, analysts said, with focus also on the aviation sector as more details of the Alps plane crash emerged.London's benchmark FTSE 100 index edged down 0.04 percent compared with Tuesday's close to 7,016.71 points, while Frankfurt's DAX 30 index slid 0.44 percent to 11,952.29 points and the CAC 40 in Paris shed 0.83 percent to stand at 5,045.99.The euro climbed to $1.0980 ...

Wall Street mixed; Kraft jumps 32pc on Heinz merger NEW YORK: Blue chips and tech stocks sagged after solid opening gains on Wall Street Wednesday, but shares in Kraft Foods soared 32 percent on the announcement of its merger with Heinz. About 50 minutes into trade, the Dow Jones Industrial Average was down 28.22 points (0.16 percent) at 17,982.92The broad-based S&P 500 was barely up by 0.49 point (0.02 percent) at 2,091.99, while the tech-rich Nasdaq Composite Index fell 21.73 (0.44 percent) to 4,973.00.Kraft ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln