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Europe follows Japan higher on stimulus hopes LONDON: European shares rose and bond yields fell on Tuesday on hopes that a possible snap election in Japan might lead to more economic stimulus measures and that Germany's ZEW survey would be upbeat.Investor sentiment was also lifted by comments from European Central Bank chief Mario Draghi on Monday that he was ready to do more to fight deflation.Investors were also betting that the ZEW survey for November, due out at 1000 GMT, would show some signs of stabilisation in Europe's biggest economy and reverse 10 straight months of decline."There has been a lot of disappointment on the ZEW in the past few months, and this time people expect to see some sort of stabilisation at least," IG France chief market analyst, Alexandre Baradez, said."Overall sentiment has improved after Draghi's comments yesterday, which were quite dovish even though he didn't unveil anything new."The pan-European FTSEurofirst 300 equity index was up ...

Indonesia stock near 4-week high; Bank Indonesia rate decision awaited  BANGKOK: Indonesia's key index hit a near four-week closing high on Tuesday as rate-sensitive stocks advanced before Bank Indonesia announced its interest rate decision, a day after the president raised subsidised fuel prices to help fund his reform agenda.The market awaited the central bank announcement due later in the day, while Finance Minister Bambang Brodjonegoro said the government is expected to save up to 140 trillion rupiah ($11.54 billion) next year from a cut in ...

European shares rise on German sentiment boost, stimulus bets LONDON: European stocks rose for a second straight day on Tuesday, helped by an improvement in German economic sentiment and speculation about fresh monetary stimulus in the euro zone.Frankfurt's DAX index rose 1.1 percent after the ZEW survey showed German analyst and investor sentiment rose in November for the first time in almost a year, beating expectations and raising hopes of an improvement in Europe's biggest economy."We do think that the German economy is going ...

Indian shares close little changed after hitting record high MUMBAI: Indian shares ended little changed on Tuesday, retreating from record highs hit earlier in the session, as investors booked profits even as rising confidence in the domestic economy and rate-cut hopes boosted firms such as Larsen & Toubro.Investors preferred shares of domestically-focused companies to those in export-driven firms such as Infosys Ltd.They hope Prime Minister Narendra Modi will unveil a slew of reforms including goods and services tax and changes in land acquisition laws.Meanwhile, ...

Markets cheer Japan vote call as more stimulus eyed LONDON: European shares rose and bond yields fell on Tuesday on hopes that a snap election and delayed tax increase in Japan might lead to more economic stimulus measures, which also knocked the yen to its lowest since 2007.Investors were also cheered by a better-than-expected reading of German investor and analyst sentiment, which pointed to a more positive outlook for Europe's No. 1 economy.Japanese Prime Minister Shinzo Abe's call for parliament to be dissolved on ...

European shares inch higher ahead of ZEW PARIS: European stocks rose adding to the previous session's rally on Tuesday after comments from ECB President Mario Draghi that were seen as raising the prospect of further stimulus steps. Investors were also betting on Germany's ZEW survey for November, due at 1000 GMT, to start showing some signs of a stabilisation and reverse 10 straight months of declines. Shares in European cable and telecoms company Altice bucked the trend, falling 3.8 percent after private ...

Britain's FTSE extends rally on bullish company updates EDINBURGH: Britain's blue-chip index edged higher on Tuesday, adding to weeks of gains after bullish updates from British Land and insurer Prudential. Real estate investment trust British Land rose 1.5 percent to be a top FTSE gainer after posting an 11.8 percent rise in half-year net asset value (NAV), reaping the benefits of London's booming property market. "There were concerns regarding another easing of house prices UK wide, but the numbers look strong," Guardian Stockbrokers ...


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