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Henan Shuanghui says 2012 net profit will rise up to 127pc BEIJING: Henan Shuanghui Investment & Development Co Ltd, China's leading meat products maker, forecasts a rise of as much as 127 percent in net profit in profit in 2012 compared with the year before.   Net profit for 2012 is expected to be between 2.85 billion-2.96 billion yuan ($452 million-470 million), the company said in a filing to the Shenzhen Stock Exchange late Friday.   That adds up to a rise of between 118.8 and 127.3 percent compared to 2011, the company said.   Copyright Reuters, 2013

European stocks close with modest gains  PARIS: Europe's main stock markets closed with modest gains on Friday, with London's FTSE 100 index of leading companies posting the largest increase of 0.33 percent to 6,121.58 points.   Frankfurt's DAX 30 added a slight 0.09 percent to 7,715.53 points, while in Paris the CAC 40 edged up by 0.08 percent to 3,706.02 points.   Copyright AFP (Agence France-Presse), 2013

JobsOhio Beverage System to sell $1.5bn revenue bonds NEW YORK: The JobsOhio Beverage System is planning to sell $1.5 billion of statewide senior lien liquor profits tax-exempt and taxable revenue bonds in two parts, during the week of Jan. 21, said a market source on Friday.   The sale consists of $423 million of tax-exempt bonds which will be sold through lead manager Bank of America Merrill Lynch and $1.1 billion of taxable bonds to be sold via lead manager Citigroup.   Copyright Reuters, 2010

US stocks open lower; Wells Fargo falls on earnings  NEW YORK: US stocks were mixed in opening trade Friday, held down by disappointing November foreign trade data and signs in Wells Fargo's quarterly earnings that its interest margin had tightened.   Five minutes into trade the Dow Jones Industrial Average was down 19.05 points (0.14 percent) to 13,452.17.   The broad-based S&P 500 lost 1.28 (0.09 percent) to 1,470.84, while the Nasdaq Composite slipped 0.19 (0.01 percent) to 3,121.57.   Wells Fargo, the country's fourth largest bank, fell 2.0 percent ...

Kenyan shares rally to a 23-month high, shilling steady NAIROBI: Benchmark Kenyan shares rallied for the eighth straight session on Friday to a 23-month high as investors bet on a better economic outlook after policymakers cut interest rates, while the shilling ended steady against the dollar.   The central bank cut its key lending rate by 150 basis points to 9.50 percent, larger than the 100 basis point reduction markets were anticipating, to boost lending.   "Lower interest rates will mean more money in investors hand and this ...

Upbeat outlook keeps shares near 20 months highs: GLOBAL MARKETS LONDON: World shares hovered near a 20-month high on Friday as upbeat comments from the European Central Bank and a massive stimulus plan in Japan boosted optimism over the global economic outlook.   US stock index futures pointed to a steady start on Wall Street, a day after the S&P 500 hit a five-year high, with record profits by Wells Fargo, the first big bank to report this season, likely to support sentiment.   The MSCI index of world ...

Asian shares retreat after China CPI, yen slides  TOKYO: Asian shares fell on Friday as a pick-up in Chinese inflation prompted profit taking but underlying sentiment was supported by an improving outlook for global economies, while the yen slid on renewed expectations for bold monetary easing in Japan.   China's annual consumer inflation rate accelerated to a seven-month high of 2.5 percent in December on rising food prices, narrowing the scope for the central bank to boost the economy by easing monetary policy.   The producer price ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln