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Shares in Chinese carmaker BYD fall over 45pc in Hong Kong SHANGHAI: Shares in Warren Buffett-backed Chinese carmaker BYD Co Ltd fell more than 45 percent in afternoon trade in Hong Kong on Thursday. BYD and other Chinese car makers have been losing market share to foreign rivals in an increasingly competitive auto market in China. BYD's shares in Shenzhen fell the maximum 10 percent.Copyright Reuters, 2014

South Korean won falls after Fed comments; Cheil Ind makes strong market debut SEOUL: The South Korean won fell against the dollar on Thursday, after the Federal Reserve expressed confidence in the US economy and said it would take a "patient" approach in deciding when to raise interest rates next year.The won was quoted at 1,101.5 to the dollar at the conclusion of onshore trade, compared to 1,094.9 at Wednesday's close.South Korean shares edged lower in chopping trading. Selling by foreigners pulled down the bourse, which underperformed regional ...

Asian markets up after Fed meeting HONG KONG: Asian markets rallied Thursday with investors rushing back after a recent sell-off, spurred by a Wall Street recovery and an indication from the US Federal Reserve that interest rates will not likely rise until mid-2015.While bank policymakers were reticent to give a firm date, their language indicated a change in tack, which analysts said suggested a rise in the first six months of the year. That lit a fire under the dollar.Easing concerns ...

Tokyo stocks close 2.32pc higher TOKYO: Tokyo stocks jumped 2.32 percent on Thursday, boosted by a rally on Wall Street and a weaker yen after the US Federal Reserve indicated it would hike interest rates by mid-2015.The Nikkei 225 index at the Tokyo Stock Exchange ended up 390.32 points at 17,210.05, while the Topix index of all first-section shares climbed 1.80 percent, or 24.31 points, to 1,376.32.Copyright AFP (Agence France-Presse), 2014

Wall St rallies after Fed statement; S&P has best day this year NEW YORK: The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. The rally, which followed a three-day losing streak, was also driven by a 4.2 percent gain in the S&P energy index. Following a two-day meeting, the US central bank gave a strong signal that it was on track ...

Australia shares seen higher after Fed, NZ stocks up SYDNEY: Australian shares are expected to open higher on Thursday, mirroring a rally on Wall Street after the Federal Reserve sounded more confident about the US economy at its policy meeting.The local share price index futures rallied 1.3 percent, a 67.1-point premium to the underlying S&P/ASX 200 index close on Wednesday. The benchmark made a rare gain, albeit tiny, in the last session following six sessions of losses.New Zealand's benchmark NZX 50 index edged up ...

Wall St adds to gains following Fed statement NEW YORK: US stocks extended gains on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates sometime next year, suggesting confidence in the US economy. At 2:04 p.m., the Dow Jones industrial average rose 248.56 points, or 1.46 percent, to 17,317.43, the S&P 500 gained 32.99 points, or 1.67 percent, to 2,005.73 and the Nasdaq Composite added 63.71 points, or 1.4 percent, to 4,611.55. Copyright Reuters, ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln