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Australia shares flat, held back by energy sector SYDNEY/WELLINGTON: Australian shares hovered at one-week highs on Thursday thanks to gains in the major banks, but losses in the energy and mining sectors kept a lid on the overall market. The S&P/ASX 200 index was a mere 0.13 percent higher at 5,403.4 by 0239 GMT, having rallied 1.2 percent in the previous session. The major banks did most of the heavy lifting with National Australia Bank up 1.3 percent at A$32.88. Energy stocks were on the defensive ahead of an OPEC meeting on whether to cut production to stem a slide in oil prices. A Gulf OPEC delegate told Reuters that a consensus not to cut oil output has been reached. "You're seeing a little bit of caution ahead of tonight's OPEC meeting. You don't want to be coming in and seeing your stocks down 2 percent. People are acting first and asking questions later," said Chris Weston, an ...

Asia shares edge higher, oil tumbles to 4-year low TOKYO: Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4 percent while Shanghai shares hit a three-year high, extending their rally after a surprise interest rate cut last week. They are up ...

Hong Kong stocks open up 0.45pc HONG KONG: Hong Kong stocks opened 0.45 percent higher on Thursday with traders still broadly upbeat after last week's surprise interest rate cut in China.The benchmark Hang Seng Index rose 107.68 points to 24,219.66 in the first minutes of trade.Copyright AFP (Agence France-Presse), 2014

China shares higher in morning trade SHANGHAI: Chinese stocks were higher on Thursday morning due to buying of heavyweight financial shares, as an interest rate cut last week continued to lift the market, dealers said.The benchmark Shanghai Composite Index rose 0.53 percent, or 13.72 points, to 2,618.06.The Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.38 percent, or 5.40 points, to 1,411.06Copyright AFP (Agence France-Presse), 2014

Asia stocks mixed, oil slumps ahead of OPEC meet HONG KONG: Asian stocks were mixed in lacklustre trade Thursday, while oil prices extended their losses ahead of a pivotal OPEC meeting expected to maintain the cartel's production levels despite a huge glut.Tokyo stocks were down 0.29 percent by the morning break as the yen gained ground against the dollar in subdued trade ahead of the Thanksgiving holiday, which will see US markets closed Thursday and open for shortened trade on Friday. Hong Kong gained ...

Tokyo stocks fall 0.29pc by break TOKYO: Tokyo stocks were down 0.29 percent Thursday morning as a stronger yen took the wind out of the market in subdued trade ahead of the US Thanksgiving holiday.The Nikkei 225 index at the Tokyo Stock Exchange was off 50.06 points at 17,333.52 by the break, while the Topix index of all first-section shares fell 0.44 percent, or 6.20 points, to 1,400.20."The US holiday break is going to suppress participation levels through Friday, and with ...

South Africa stocks end lower, naira hits MTN JOHANNESBURG: South African stocks slipped on Wednesday, driven by losses in Africa's largest telecoms operator MTN after the devaluation of the Nigerian currency.Nigeria is the biggest of MTN's 22 operations across Africa and the Middle East and contributed more than a third of the company's 72.8 billion rand ($6.6 billion) revenue in the first half of this year. The Nigerian central bank devalued its currency by 8 percent on Tuesday as the oil-producing nation takes ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln