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Asia markets sink after US losses, eyes on Fed meeting HONG KONG: Asian markets mostly retreated Monday following a fourth successive sell-off in New York, while investors await the US Federal Reserve's next policy meeting looking for a handle on its plans for interest rates.The dollar also remained weak after a disappointing read on the US housing market, while oil was also under pressure owing to a global supply glut.Tokyo fell 0.95 percent, or 194.43 points, to 20,350.10, Seoul gave up 0.35 percent, or 7.15 points, to 2,038.81 and in late trade Hong Kong shed 2.57 percent and Shanghai was 3.20 percent lower.However, Sydney ended higher, adding 0.43 percent on gains by retailers.Investors took a lead from their US counterparts, who continued to cash out on Friday as data showing sales of new single-family homes fell in June and May sales were much lower than previously reported.The news, which followed a downbeat Chinese manufacturing report, trumped forecast-busting earnings from online ...

Shanghai stocks down 5.22pc in afternoon trade SHANGHAI: China's benchmark Shanghai stock index slumped 5.22 percent in afternoon trade on Monday, dragged lower by worries over the economy.The Shanghai Composite Index plunged 212.64 points to 3,858.27. The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 4.54 percent, or 105.37 points, to 2,217.34.Weak economic data has hampered government efforts to prop up the market following a rout, dealers said.On Monday, the government said that profits of major industrial firms slipped ...

SABIC results may lift Saudi, but global background negative DUBAI: Saudi Basic Industries Corp (SABIC), the biggest listed company in the Gulf, may rise on Sunday after its second-quarter beat analyst estimates by a wide margin, but weak oil and depressed global equities may weigh on other stocks.SABIC posted a profit of 6.17 billion riyals ($1.64 billion) for the quarter on Sunday, down from 6.46 billion riyals ago but well ahead of the average estimate of seven analysts surveyed by Reuters who had expected ...

Saudi slips despite SABIC, Egypt edges up DUBAI: Saudi Arabia's stock market edged down in early trade on Sunday despite a strong performance by heavyweight Saudi Basic Industries (SABIC). Egypt's bourse rose on the back of property stocks.SABIC jumped 2.0 percent after posting a profit of 6.17 billion riyals ($1.64 billion) for the quarter, down from 6.46 billion riyals a year ago but well ahead of the average estimate of seven analysts surveyed by Reuters, 4.96 billion riyals.But the main Saudi stock ...

European stocks close down PARIS: Europe's main markets finished lower on Friday, with London's benchmark FTSE 100 index of top companies shedding 1.13 percent to 6,579.81 points.In the eurozone, the CAC 40 in Paris retreated 0.58 percent to 5,057.36 points, while Frankfurt's DAX 30 fell 1.43 percent to 11,347.45 points.Copyright AFP (Agence France-Presse), 2015

TSX extends losses, dragged by Valeant, banks, resources TORONTO: Canada's main stock index extended its losses for the week on Friday, hurt by profit taking on Canadian drugmaker Valeant Pharmaceuticals International Inc and continued declines in the key financials, materials and energy groups. The Toronto Stock Exchange's S&P/TSX composite index fell 40.95 points, or 0.29 percent, to 14,224.42 shortly after the open. Half of the index's 10 main sectors lost ground.Copyright Reuters, 2015

TSX extends slide on commodities rout, earnings TORONTO: Canada's main stock index fell on Friday as a rout in commodity prices pushed mining and energy stocks toward deeper losses, while disappointing earnings and some profit taking also added to the declines. "What we're into here is a bit of a malaise as concerns build about the economy in Canada and the state of the global commodities," said Michael Sprung, president at Sprung Investment Management Inc. "Toronto's just having a very tough time.Given ...


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