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Japanese stocks rise on recovery hopes, BoJ meet in focus TOKYO: Japanese stocks rose on Wednesday as investors held out hope for more robust growth after Prime Minister Shinzo Abe delayed a tax hike and called an early election to seek a fresh mandate for his aggressive policies to shore up the economy. MSCI's broadest index of Asia-Pacific shares outside Japan was a touch lower while Japan's Nikkei rose 0.6 percent after Abe's announcement late on Tuesday. "Considering the current economic conditions, postponing the consumption tax would be positive for stocks," Ryota Sakagami, chief strategist at SMBC Nikko Securities, said in report. Abe's tax-hike delay by 18 months is expected to help the world's third-biggest economy, which unexpectedly slipped back into a recession in the June-September quarter after an earlier sales tax increase clobbered consumption. "But the ruling party bloc is likely to reduce their seats.Their victory is unlikely to create hopes for big changes. So we do not anticipate ...

Asian stocks mixed, Tokyo gains on sales tax delay HONG KONG: Asian markets were mixed Wednesday despite record closing highs on Wall Street, with Tokyo stocks ticking higher after the government delayed a planned sales tax hike as Japan tipped back into recession.Hong Kong slipped 0.32 percent, Sydney dipped 0.36 percent and Seoul was down 0.24 percent while Shanghai traded flat.But Tokyo gained 0.23 percent after Prime Minister Shinzo Abe on Tuesday called for early elections to seek a mandate for delaying next year's ...

Tokyo's Nikkei index flat by break TOKYO: Tokyo's Nikkei 225 stock index was flat Wednesday morning, as investors await the outcome of a Bank of Japan meeting and comments from its chief on the government's decision to delay a sales tax rise.The benchmark Nikkei inched up 0.02 percent, or 3.70 points, to 17,347.76 by the break, while the Topix index of all first-section shares rose 0.22 percent, or 3.12 points, to 1,398.00 yen.The Japanese market ticked up at the start as ...

Australia shares dragged lower by iron ore, NZ stocks firm SYDNEY/WELLINGTON: Australian shares fell to four-week lows on Wednesday, as falling iron ore prices weighed on the resources sector while energy and basic materials also declined. The S&P/ASX 200 index eased 0.1 percent or 10 points to 5,389.7 by 01:31 GMT, following three sessions of decline.Miners continued to spiral downwards as prices of iron ore, Australia's largest export earner, dropped to five-year lows. Shares of Fortescue Metals Group slipped 4.7 percent, having fallen as far ...

Taiwan stocks rise, led by memory chipmakers TAIPEI: Taiwan stocks rose 0.82 percent on Wednesday, ahead of other regional bourses, led by memory chipmakers which rebounded from steep falls in previous sessions.As of 0142 GMT, the main TAIEX index was up 76.23 points at 8931.3, after closing down 0.3 percent on Tuesday.Local memory chip firms Nanya Technology Corp and Inotera Memories Inc gained 6.98 and 3.19 percent, respectively. The stocks posted significant losses in the previous two sessions after local media reported ...

Nikkei rises on tax relief, hopes for economic rebound TOKYO: Japanese stocks edged higher on Wednesday as investors breathed a sigh of relief at Prime Minister Shinzo Abe's decision to delay a planned sales tax rise, and held out hopes for a rebound in the economy after it unexpectedly slipped into recession.The Japanese premier confirmed late on Tuesday a widely-expected postponement to April 2017 of the planned tax hike, and said that he would dissolve the lower house on Friday. The vote is expected ...

Indonesian stocks open higher after central bank hikes rates JAKARTA: Indonesia's main stock index opened higher on Wednesday after the central bank raised interest rates following the government's move to cut subsidies and raise fuel prices. The index rose as much as 0.35 percent in early trade on Wednesday, extending Tuesday's near 1 percent gain. Bank Indonesia raised its key interest rate by 25 basis points to 7.75 percent and lending facility rate by 50 basis points to 8 percent on Tuesday, to anchor ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

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