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China shares rise the most in a month, helped by auto and liquor makers HONG KONG: China shares posted their best daily gain in a month on Monday as carmakers extended recent gains after the government announced a fresh boost for the sector.Chinese liquor makers also rose strongly.The Shanghai Composite Index ended up 1 percent at 2,066.65 points, a four-week high, while the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.1 percent.It was the best day for both indexes since June 10.In Shanghai, SAIC Motor Corp rose 2.4 percent, following Friday's 1.6 percent gain, to close at its highest since May 2013. BYD leapt 3.9 percent in Shenzhen.In a notice published on Sunday, China urged government officials to use more electric and plug-in hybrid cars as part of its drive to cut pollution. It aims to put 5 million such vehicles on the road by 2020.Kweichow Moutai, the country's leading high-end liquor producer, jumped 5.6 percent, the top boost on both ...

Hong Kong shares rise, Chinese telecoms strong HONG KONG: Hong Kong shares finished higher on Monday as China's three state-owned wireless carriers outperformed after they announced a deal on a joint infrastructure firm,The Hang Seng Index closed up 0.5 percent at 23,346.67 points.The China Enterprises Index of the leading offshore Chinese listings in Hong Kong climbed 0.8 percent, its third straight daily gain.Leading gains on the Hang Seng was China Unicom, which spiked 4.7 percent. China Mobile and China Telecom moved up ...

European shares rise, helped by Shire bid EDINBURGH: European shares rose on Monday, boosted by M&A activity in the pharmaceutical sector and rallying from near two-month lows after their biggest weekly loss in four months.UK-listed pharmaceutical Shire rose 2.6 percent after it said it was ready to recommend a new 53.20 pound ($90.53) per share offer from US firm AbbVie.Reuters had reported on Saturday that Shire had asked AbbVie to sweeten its offer to close to 53 pounds in order for it ...

Britain's FTSE rebounds, Shire hits record LONDON: UK shares bounced back on Monday after hefty falls last week, with drugmaker Shire hitting an all-time high on a bid offer from U.S. firm AbbVie .Shire said it was ready to recommend a new offer from AbbVie, which returned with a fifth bid valuing the London-listed drugmaker at 31.3 billion pounds ($53.3 billion).AbbVie, which wants to buy Shire to cut its tax bill and diversify its product line-up, made the offer of 53.20 ...

Balkan stocks fall on political uncertainties BUDAPEST: Stocks fell in Slovenia and Serbia on Monday after an election in the former and the resignation of the finance minister in the latter cast doubt on the future of economic reform in both.Elsewhere in Central Europe, stocks rallied along with the rest of the continent's.The main stock index of the Ljubljana bourse fell 1.2 percent after political novice Mirko Cerar won Slovenia's elections on Sunday and indicated he would rewrite measures already agreed ...

Indian shares end flat, foreign selling drags MUMBAI: Indian shares remained under pressure on Monday, ending flat after falling in the previous four consecutive sessions as foreign investors turned sellers, hitting blue chips such as ICICI Bank and Hindustan Unilever.The benchmark BSE index provisionally closed 0.07 percent lower at 25,006.98, while the broader NSE index also ended 0.07 percent down at 7,454.15.Shares in ICICI Bank Ltd provisionally closed 0.83 percent lower, while Hindustan Unilever Ltd ended down 3.1 percent.Copyright Reuters, 2014

Stocks recover as worries about banks ease LONDON: Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the US Federal Reserve.Europe's biggest markets gained more than half a percent and Portugal rallied by 1 percent, after worries about a Portuguese bank last week caused the first sign this year of a return of nerves ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln