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European stocks close lower LONDON: European stock markets closed lower on Wednesday, with London's benchmark FTSE 100 index ending the day 0.32 percent lower at 6,674.48 points.Frankfurt's DAX 30 fell 0.31 percent to 8,919.86 points and the CAC 40 in Paris sank 0.81 percent to 4,260.66 points.Copyright AFP (Agence France-Presse), 2013

US stocks lower on earnings, China concerns NEW YORK CITY: US stocks Wednesday opened lower on mixed earnings results and reports that an increase in bad loans in China could crimp investment in the world's second-biggest economy.Five minutes into trade, the Dow Jones Industrial Average lost 42.77 points (0.28 percent) at 15,424.89.The broad-based S&P 500 fell 5.69 (0.32 percent) to 1,748.98, while the tech-rich Nasdaq Composite Index gave up 20.52 (0.52 percent) at 3,909.05.Strong earnings reports from Boeing and Eli Lilly were ...

Bank slide halts 9-day winning run for European stocks LONDON: European shares snapped a nine-day winning streak on Wednesday, hit by plans for a new, tougher stress test for euro zone banks, as well as by a crop of weak earnings numbers and forecast downgrades in other sectors.The STOXX Europe 600 Banks index dropped 2.1 percent on its weakest day in two months after the European Central Bank said it would review the quality of a broader-than-expected range of assets held by top regional ...

European stocks, euro retreat on ECB bank plan LONDON: Europe's main stock markets slid on profit-taking and the euro retreated from a two-year high against the dollar on Wednesday, as traders looked nervously on ECB plans to assess banks.London's benchmark FTSE 100 index fell 0.30 percent to 6,675.24 points in afternoon trading.Frankfurt's DAX 30 dropped 0.19 percent to 8,930.08 points, coming off a record high the day before, and the CAC 40 in Paris shed 0.74 percent to 4,263.51.Wall Street opened on a ...

UK's FTSE ends 9-day winning streak as banks fall LONDON: Britain's benchmark equity index fell on Wednesday to end a 9-day winning streak, as a drop in heavyweight banking shares pushed the stock market down from 5-month highs.Nevertheless, several traders felt any pullback would be relatively short-lived and saw the UK stock market rallying into the end of 2013.The benchmark FTSE 100 index was down by 0.5 percent, or 34.42 points, at 6,661.24 points in mid-session trade.Banks took the most points off the market, ...

European shares snap winning run as banks hit by ECB review LONDON: European shares fell in early trade on Wednesday, after falls in banks following an asset quality review and disappointing earnings reports from the likes of Heineken took the steam out of a nine day rally.The pan-European FTSEurofirst 300 fell 0.7 percent to 1,279.28 by 0759 GMT, retreating from a five year high, with all sectors in negative territory, even those usually resilient in falling markets.Banks dropped 1.5 percent, hit after the European Central Bank's ...

Wall St set to fall on concern over China, Europe banks NEW YORK: US stocks were set to fall at the open, following four straight days of record highs on the S&P 500, amid concern over tightening financial conditions in China and weakness in European banks.Two key Dow components highlighted a mixed earnings picture on Wall Street, with Caterpillar shares down 4.5 percent after cutting its full-year earnings forecast, and Boeing up 2.8 percent after raising its outlook for the year.Major global equity markets weakened as ...


Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12

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