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European shares hit 13-month low on growth, deflation worries LONDON/PARIS: European shares extended their recent steep losses on Thursday, with a benchmark index slipping to a 13-month low, on mounting concerns over weakness in the global economy and fears of deflation in the euro zone.At 1052 GMT, the pan-European FTSEurofirst 300 index was down 1.9 percent at 1,228.15 points after touching an intra-day low of 1,215.62, the lowest level since September last year. It has slumped more than 13 percent in four weeks."Nobody wants to sell at these levels, so this is not about investors taking the decision to cut positions, it's all about automatic stop-losses and forced sales due to margin calls," Christian Jimenez, fund manager and president of Diamant Bleu Gestion, said."And the more stocks go down, the more stop-losses get triggered. A negative spiral has started, and the news flow is clearly asymmetrical now. People only see the negative headlines. So it's definitely too early to ...


UK FTSE heads for steepest 2-day fall since 2011 LONDON: Britain's top equity index was heading for its steepest two-day fall in three years on Thursday as investors stampeded out of global equities on concerns about an economic slowdown and political instability in Greece.The blue-chip FTSE 100 index was down 1.9 percent at 6,096.17 points, having hit its lowest level since June 2013 at 6,072 points earlier. The index's 4.6 percent fall over the past two days is the steepest since the height of ...

Sri Lankan stocks slip, led by banks COLOMBO: Sri Lankan stocks slipped on Thursday, led by profit-taking in banks, though foreign investors bought into risky assets a day after yields on 364-day treasury bills reversed their falling trend.Stockbrokers said shares would continue to gain though there could be some volatility due to political concerns as the government is planning early presidential polls, and the reversal in the falling trend of interest rates.Sri Lanka's main stock index fell 0.44 percent, or 31.76 points, ...

European shares slip again as selling pressure resumes PARIS: European shares reversed an early rebound and slipped again on Thursday morning, resuming their month-long sell-off as worries over the strength of the global economy and fears of deflation in the euro zone kept investors on edge.At 0820 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,249.39 points, after gaining as much as 1 percent at the open.The index sank 3.2 percent on Wednesday, suffering its biggest one-day ...

Hong Kong shares end 1.03pc down HONG KONG: Hong Kong shares sank 1.03 percent Thursday, in line with a regional sell-off following losses on Wall Street as traders fret about the state of the global economy.The Hang Seng Index fell 239.11 points to 22,900.94 on turnover of HK$68.60 billion ($8.85 billion).In mainland China the benchmark Shanghai Composite Index fell 0.72 percent, or 17.17 points, to 2,356.50 on turnover of 203.8 billion yuan ($33.3 billion). The Shenzhen Composite Index, which tracks stocks ...

European shares reverse early rebound and drop again PARIS: European shares reversed an early rebound and dropped again on Thursday morning, resuming their month-long sell-off as worries over the strength of the global economy and fears of deflation in the euro zone kept investors on edge.At 0750 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,248.65 points, following on from a 3.2 percent slump on Wednesday."We have a 'sell' position on the market in the short term," ...

Japan Display shares plunge on loss forecast TOKYO: Shares in Apple supplier Japan Display slumped more than 18 percent in Tokyo on Thursday after the world's biggest maker of screens for smartphones and tablets warned it would post an annual net loss.The embattled firm's shares slumped 80 yen -- the maximum allowable one-day loss under bourse rules -- to 359 yen ($3.38) by the close.The company pointed to the costs of shuttering a domestic plant for an expected net loss of 10 ...


 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln