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European shares mark time ahead of ECB; Standard Life surges LONDON/PARIS: European shares marked time on Thursday after sharp gains in the previous session as investors waited to see whether the European Central Bank would unveil further measures to avoid deflation.Shares in Standard Life bucked the trend and surged 7.9 percent after the financial services group agreed to sell its Canadian operations for about $3.7 billion to Manulife Financial.At 0929 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,384.23 points, edging off a two-month high hit in the previous session.The benchmark index has gained nearly 7 percent since early August, fuelled by speculation the ECB may do more to stimulate the economy, possibly launching an asset-purchase programme, known in the market as quantitative easing (QE)."Stocks have been retracing the summer correction, but the rally now lacks momentum ahead of the ECB. A lot has been priced in already so risks are on the downside ...

Stocks edge up to fresh 3-year high pre-ECB, China hits 15-month high LONDON: Emerging stocks traded at fresh three-year highs as markets looked to a European Central Bank meeting later on Thursday for possible monetary stimulus, while Chinese stocks hit 15-month highs.Russian stocks fell from one-week highs hit following euphoric trading after Ukraine and Russia signalled moves towards peace on Wednesday.The European Central Bank policy meeting is the first since President Mario Draghi, in a speech at a conference at Jackson Hole last month, ramped up expectations ...

Stocks bounce on sign ECB could launch ABS programme LONDON: European stock markets rose in morning trade on Thursday after sources told Reuters the European Central Bank was discussing launching a programme of asset-backed security purchases at its ongoing policy meeting.People familiar with the discussions said plans to launch an asset-backed securities (ABS) and covered bond purchase programme worth up to 500 billion euros were on the table at the meeting.Assuming there was no serious opposition, the ECB could begin buying the assets this ...

India's BSE snaps 9-day winning streak on profit taking ahead of ECB meet MUMBAI: India's BSE index snapped a nine-day winning streak on Thursday as investors pared positions in blue-chips such as ICICI Bank after a string of record highs earlier in the week, and as caution prevailed ahead of a key ECB meeting.The benchmark 30-share index gained 3.1 percent in its biggest rising streak since 11 sessions ending Oct. 3, 2007, compared with a 0.4 percent rise in MSCI's broadest index to gauge Asian shares ex Japan ...

Hong Kong shares end slightly lower, Hang Seng Index edged down 20.03 points HONG KONG: Hong Kong stocks ended marginally lower on Thursday as a late rally pared initial losses that were fuelled by profit-taking.The Hang Seng Index edged down 20.03 points to 25,297.92 on turnover of HK$86.22 billion ($11.13 billion).Traders took a breather after the index surged 2.30 percent Wednesday in response to strong US manufacturing data.Shares spent most of the day in negative territory despite a Federal Reserve Beige Book report that said the US economy ...

Vietnam index eases 0.1pc on profit taking HANOI: The VN Index in Ho Chi Minh City dipped 0.08 percent on Thursday as investors took profits from recent gains, with data showing Vietnamese shares in overbought territory.The index, Southeast Asia's top performer this year, has risen 4.5 percent in the past two weeks and has closed up in seven out of nine sessions after surpassing 610 points on Aug. 21, Reuters data showed. That was a closing high of nearly five years.Vietnamese equities ...

Nikkei snaps 3-day winning streak on profit-taking after BoJ outcome TOKYO: Japanese stocks fell on Thursday, snapping a three-day winning streak as most investors took profits from the recent gains after they quickly priced in the Bank of Japan's decision to maintain its massive monetary stimulus and its upbeat view on the economy.The Nikkei share average dropped 0.3 percent to 15,676.18, retreating from a seven-month high of 15,829.38 hit on Wednesday.The broader Topix dropped 0.4 percent to 1,296.39, and the JPX-Nikkei Index 400 also fell ...


Index Closing Chg%
Arrow DJIA 16,472.37 1.23
Arrow Nasdaq 4,707.77 1.74
Arrow S&P 1,951.36 1.43
Arrow FTSE 6,129.98 0.95
Arrow DAX 9,553.07 0.46
Arrow CAC-40 4,458.88 0.73
Arrow Nikkei 17,725.13 0.02
Arrow H.Seng 21,506.09 3.17
Arrow Sensex 26,220.95 0.25

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln