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Stocks fall on worries over dollar strength, Greece LONDON: Global stock markets edged down on Tuesday as investors worried about the impact of a strong dollar on U.S. company earnings and unease over Greece's debt crisis overshadowed news of a possible merger between two big European telecoms equipment firms.As investors awaited U.S. retail sales data that could add to the case for rate hikes from the Federal Reserve later this year, the dollar traded close to a 12-year high against a basket of a major currencies.News that Finland's Nokia was in talks to buy smaller French telecoms gear maker Alcatel-Lucent in a deal that could create a group worth over 40 billion euros ($42 billion) earlier lifted European stocks to 14-year highs.But despite a denial from its prime minister, investors were spooked by a report that cash-strapped Greece was preparing for a debt default, and shares in Greek banks skidded."Even if there's been an official denial, investors remain ...

Wall St edges up after JPMorgan, J&J results NEW YORK: US stocks rose modestly on Tuesday as investors digested the initial major earnings of the first-quarter reporting season, which showed some weakness despite companies topping lowered expectations.JPMorgan Chase & Co posted stronger-than-expected earnings growth, helped by a rebound in fixed-income trading. Revenue rose 5 percent. The stock rose 1.8 percent to $63.22 as the S&P 500's biggest percentage gainer. Wells Fargo & Co dipped 0.8 percent to $54.15 despite also reporting first-quarter earnings ...

European shares dip as worries over Greece offset M&A fever PARIS: European stocks dipped on Tuesday as renewed worries over Greece offset the positive impact from news of a tie-up between Nokia and Alcatel-Lucent.Shares in the French telecom gear maker surged 12.3 percent while its Finnish rival lost 6.5 percent after the two firms said they were in advanced talks for Nokia to take over Alcatel.The deal added to a recent wave of M&A activity that has helped driven European shares higher. However, it wasn't ...

FTSE moves closer to record highs as miners and banks gain LONDON: Britain's top equity index rose back within reach of record highs on Tuesday as steady metals prices helped mining stocks rebound, while Barclays rose after it was named as second-favourite European banking stock by Credit Suisse.Traders added that signs of takeover activity, with Nokia planning to buy telecoms peer Alcatel-Lucent just a week after Royal Dutch Shell's bid for energy rival BG, were also propping up stock markets. Alcatel-Lucent shares were up 12 percent.The ...

European stocks slip as Nokia rings up Alcatel takeover LONDON: Europe's main stock markets slid Tuesday despite news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent.The benchmark CAC 40 index in Paris dropped 0.71 percent to 5,216.50 points, while Frankfurt's DAX 30 shed 0.64 percent to 12,259 points.London's FTSE 100 nudged 0.01 percent lower to 7,063.80 points, as investors digested news that British annual inflation held at a record-low zero in March.The euro eased to $1.0552 from $1.0571 ...

Hong Kong shares retreat after eight-session rally HONG KONG: Hong Kong stocks fell back on profit-taking on Tuesday after surging over the previous eight sessions, with investors looking ahead to the release of Chinese economic growth data.The benchmark Hang Seng Index slipped 1.62 percent, or 454.85 points, to 27,561.49. Turnover was HK$237.60 billion ($30.66 billion).In mainland China the benchmark Shanghai Composite Index added 0.34 percent, or 13.84 points, to 4,135.56 on turnover of 814.6 billion yuan ($132.7 billion).The Shenzhen Composite Index, which ...

Asian share markets lacklustre, profit-taking hits Hong Kong HONG KONG: Hong Kong retreated on profit-taking Tuesday after a near-15 percent rise over eight days, while Tokyo was hurt by a stronger yen as Asian investors await the release of key data later in the week.The tepid performance among most Asian markets follows losses on Wall Street as US investors prepare for the corporate earnings season to get under way.Hong Kong ended down 1.62 percent, or 454.85 points, at 27,561.49 but Shanghai closed up ...


Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln