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FTSE holds firm near record highs, commodity shares up LONDON: Britain's top share index hovered just below last month's record highs on Thursday, with expectations China will launch further stimulus to support its economy helping miners and energy stocks tracking gains in oil prices.The UK Oil and Gas index rose 0.9 percent as crude rose for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in oil-producing Iraq. Oil majors Royal Dutch Shell and BP both rose about 1 percent.Miners BHP Billiton and Antofagasta gained nearly 1 percent each after a survey showed Chinese factory activity contracted for a third month in May, suggesting weakness persists in the world's biggest metals consumer. That helped lift the UK mining index 0.4 percent."Investors are viewing 'bad news as good news'. I feel China will continue to be aggressive and cut rates and launch other forms of stimulus to meet its growth targets," ...


European stocks fall, pound boosted LONDON: European stocks fell Thursday after a largely downbeat session in Asia and losses on Wall Street, with dealers uncertain over the exact timing of a hike in US interest rates.But on the currency market, the British pound hit two-month highs against the euro on upbeat retail sales data.In midday stock deals, London's benchmark FTSE 100 index dipped 0.08 percent to 7,001.93 points, with the British retail numbers trimming losses.In the euro area, Frankfurt's DAX ...

Major euro zone share indexes fall after mixed PMI data LONDON: European shares fell on Thursday after data pointed to a mixed picture for the euro zone's economic recovery, with German private-sector growth slowing again in May even as France extended its timid recovery.The pan-European FTSEurofirst 300 index was down 0.1 percent at 1107 GMT at 1612.55, with Germany's DAX down 0.5 percent.Blue-chip German stocks underperformed other indexes after Markit's flash composite Purchasing Managers' Index (PMI) for Europe's largest economy showed a drop in May, ...

FTSE holds firm to hover near record highs, miners up LONDON: Britain's top share index hovered just below last month's record highs on Thursday as miners gained ground on expectations that China, the world's largest metals consumer, will launch more stimulus measures to support its economy.The UK mining index rose 0.6 percent, the top sectoral gainer, after a survey showing Chinese factory activity contracted for a third month in May indicated a persistent weakness in the world's second-largest economy."Investors are viewing 'bad news as good ...

Indonesia stock ends at near 1-month high after S&P upgrades outlook  BANGKOK: Indonesia's key stock index closed at a near one-month high on Thursday as Standard & Poor's upgraded the country's sovereign ratings outlook, while the Malaysian benchmark hit a two-month closing low after Prime Minister Najib Razak laid out his government's growth strategy for the next five years.Standard & Poor's on Thursday raised the outlook on Indonesia's BB-plus sovereign rating to positive from stable, acknowledging the Southeast Asian nation's improved policies aimed at better monetary ...

Indian shares end little changed in range bound trade MUMBAI: Indian stocks ended little changed on Thursday, but still became the third best performing market in Asia Pacific so far this month amid resumption of buying by foreign investors and forecast of a timely monsoon.Shares have risen nearly 3 percent so far this month, after foreign portfolio investors, key behind stocks hitting record highs in March, bought cash shares worth nearly $345 million in the past four sessions.Profit-booking in some blue chips after shares ...

Shares subdued by mixed China, euro zone PMI data LONDON: World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signalled an increase in US interest rates is still some way off.European markets opened largely subdued, however, as disappointing German purchasing manager data (PMI) offset an improvement in France. That left the region's main bourses down as much as 0.6 percent and investors preferring bonds.The euro gained to $1.1150. Top ...


 



 
Index Closing Chg%
Arrow DJIA 18,162.99 0.67
Arrow Nasdaq 5,106.59 1.47
Arrow S&P 2,123.48 0.92
Arrow FTSE 7,033.33 1.21
Arrow DAX 11,771.13 1.26
Arrow CAC-40 5,182.53 1.95
Arrow Nikkei 20,472.58 0.17
Arrow H.Seng 28,081.21 0.60
Arrow Sensex 27,564.66 0.12





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln