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European shares up, weaker euro seen boosting earnings LONDON: European shares extended the previous session's rebound on Thursday as a further drop in the euro fuelled expectations of a boost to the region's corporate earnings.The single currency fell to its lowest level in nearly two years, reflecting a widening divergence between the monetary policies outlooks of the U.S. Federal Reserve and the European Central Bank.After proving a major headwind for exporters in the first part of the year, the sharp slide in the euro - down 9 percent against the dollar since early May - is seen bringing much-needed breathing space for European companies."The currency headwind reversed in the third quarter and became a tailwind. And the U.S. economy is performing pretty well which should also benefit European earnings. We see the European stock market grinding higher in the medium-term," Robert Parkes, director of equity strategy at HSBC, said."We believe that earnings will surprise on the upside. Improving ...


Sri Lanka stocks fall on profit-taking; seen gaining COLOMBO: Sri Lankan stocks fell for the second straight session on Thursday as investors booked profits, but stockbrokers expect the market to continue its gaining streak due to persistent foreign buying, lower interest rates, and positive economic outlook.The main stock index ended down 0.3 percent, or 21.45 points, at 7,232.98, further slipping from its over three-year high close hit on Tuesday. It has gained in six of the last eight sessions till Thursday."Market is down ...

Asia slips as Wall Street cheer fizzles out, kiwi slides TOKYO: Asian stocks slipped on Thursday, giving back earlier gains as initial cheer from a rebound on Wall Street fizzled out, while the New Zealand dollar hit a one-year low when the central bank governor decried the currency's recent strength. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, edging towards a four-month low hit the previous day on geopolitical jitters. Tokyo's Nikkei retained earlier momentum and rose 1.1 percent, heartened as the ...

Vietnam index drops below 600 mark HANOI: Vietnam's benchmark VN Index dropped below the key 600-mark several times during Thursday's morning session and was headed for its ninth consecutive fall, prompting investors to sell stocks to cut further losses.The index closed the morning trade at 599.78, above the session's low of 598.53 points, the lowest since Aug. 1, following eight consecutive falls since Sept. 15 due partly to a portfolio review by exchange-traded funds.In the short term, the risks involving the ...

Dubai's Marka may jump on listing, likely to be volatile DUBAI: Shares in start-up Dubai retailer Marka are likely to gain when it lists on Thursday, but they may be volatile as there is little institutional interest in the stock and much retail investor cash is tied up in the initial public offer of Emaar Malls Group. Marka raised 275 million dirhams ($75 million) in April through an initial public offer that was 36 times subscribed at a price of 1 dirham per share - ...

Asia slips as Wall Street cheer fizzles, kiwi slides TOKYO: Asian stocks slipped on Thursday, giving back earlier gains as initial cheer from a rebound on Wall Street fizzled out, while the New Zealand dollar hit a one-year low after the central bank governor decried the currency's recent strength. Spreadbetters expected a steady start for Europe, forecasting Britain's FTSE to open virtually flat, and Germany's DAX and France's CAX to both edge up 0.1 percent. MSCI's broadest index of Asia-Pacific shares outside Japan fell ...

South Korean shares reverse early gains to close flat; won edges lower SEOUL: South Korean shares surrendered early gains to close effectively unchanged on Thursday as nagging worries over slowing growth in China and Europe took the shine off positive US economic data. The Korea Composite Stock Price Index (KOSPI) ticked 0.08 percent lower to close at 2,034.11 points. The South Korean won fell as the dollar resumed its rally on continuing signs of divergent economic fortunes between the U.S and other major economies. The local currency ...


 



 
Index Closing Chg%
Arrow DJIA 17,071.22 0.25
Arrow Nasdaq 4,505.85 0.14
Arrow S&P 1,977.80 0.25
Arrow FTSE 6,646.60 0.04
Arrow DAX 9,422.91 0.71
Arrow CAC-40 4,358.07 0.83
Arrow Nikkei 16,310.64 0.50
Arrow H.Seng 23,229.21 1.90
Arrow Sensex 26,597.11 0.11





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln