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Hong Kong shares up 0.35pc at break HONG KONG: Hong Kong stocks rose 0.35 percent Tuesday morning on hopes Greece and its creditors will reach a bailout reform deal, but mainland markets plunged again as investors returned from a long weekend.The Hang Seng Index added 93.51 points to 27,174.36 on turnover of HK$72.05 billion (US$9.30 billion).In Shanghai the composite index tumbled 2.44 percent, or 109.20 points, to 4,369.16, extending losses after a major sell-off last week.The Shenzhen Composite Index, which tracks stocks on China's second exchange, plummeted 3.25 percent, or 88.99 points, to 2,653.19.Copyright AFP (Agence France-Presse), 2015


South African stocks rise as Mediclinic buys British hospital group JOHANNESBURG: South African stocks rose on Monday, led by Mediclinic International and investment group Brait SE, although gold mining shares fell.Mediclinic, South Africa's largest private hospital group, said it would buy nearly a third of British group Spire Healthcare for 8.6 billion rand (about $700 million). The shares dipped 3 percent in early trading but pared losses to close 3.16 percent stronger on 102.80 rand, the biggest gain on the JSE's Top 40 Index.Brait also ...

Stocks climb on hopes over Greek deal, gold falls NEW YORK: A new offer by Greece on a reform package to avoid a default on its debts raised hopes that a tangible deal with international creditors was still possible, lifting world stock indexes and pushing down gold prices on Monday.Gold prices fell more than 1 percent, while crude oil futures also eased.Euro zone finance ministers left a meeting with Greek officials optimistic over Athens' offer, with talk of more work ahead to achieve a ...

European shares rise as Greek talks make progress; Athens index surges LONDON: European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors.The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom reignited hopes for more corporate deals.Greek stocks climbed 9 percent, with local banking shares jumping nearly 21 percent. Investors have been nervous that deposit outflows may prompt capital controls."It's a relief rally, ...

European stocks surge on hope of Greece deal this week LONDON: European stock markets surged Monday on hope that Greece would seal a deal with its EU-IMF creditors this week to save the country from default and a possible euro exit.Eurogroup head Jeroen Dijsselbloem sounded an optimistic note following a meeting of eurozone finance ministers in Brussels to review new reform proposals by Greece.Athens' plans are a "welcome step" and "an opportunity to get that deal later this week and that is what we will ...

Asia markets mostly up on Greece hopes HONG KONG: Asian markets mostly rose Monday after Greece gave creditors new proposals on reforming its bailout, fuelling hopes of averting a default and possible exit from the eurozone.The euro also advanced after Brussels said it had received the plans a day before a emergency European summit Monday, with the office of Greek Prime Minister Alexis Tsipras calling it a "mutually beneficial deal".Tokyo rallied 1.26 percent, or 253.95 points, to 20,428.19 and Seoul gained 0.40 ...

Athens stock market soars 7.15pc on hopes of deal ATHENS: The Athens stock market surged 7.15 percent at opening Monday on rising hopes of a bailout accord between Greece and its international creditors.At 0745 GMT the ATHEX Composite index jumped 7.15 percent to 736.46 points.Copyright AFP (Agence France-Presse), 2015


 



 
Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln