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TSX surges as Talisman deal sparks jump in oil shares TORONTO: Canada's main stock index surged on Wednesday as oil and gas shares wounded in the rout of oil prices regained some vitality on the $8.3 billion bid by Spain's Repsol to buy Talisman Energy Inc.The energy group on the benchmark TSX index has shed more than a third of its value since June as the price of crude oil has plummeted to near 5-1/2 year lows. But Tuesday's news of Repsol's deal for Canada's fifth-largest independent producer has encouraged investors to reassess."The much beleaguered energy group on the heels of the Talisman takeover is drawing attention to the undervalued nature of the oil patch and so you're seeing an uptick of this very sorry group," said John Ing, president of Maison Placements.In the oil and gas group, Suncor Energy rose 3.5 percent to C$34.15, Cenovus Energy was up 4.8 percent at C$20.80, and Canadian Natural Resources added 3.2 percent ...

Wall St climbs after 3-day drop; Fed decision on tap NEW YORK: US stocks rose on Wednesday on the heels of a three-session losing streak and ahead of the U.S. Federal Reserve's final statement of the year that may set the stage for interest rate hikes in 2015.A strengthening U.S. economy is expected to trump global economic worries and the Fed is likely to signal it is still on track to raise rates, with many investors devoting attention to whether the central bank drops its ...
Rising rouble calms Latam markets after recent rout SAO PAULO: Latin American stocks and currencies were mostly stronger on Wednesday after Russia's rouble rebounded against the dollar, easing investor jitters over global financial stability.Debt, equities and foreign exchange markets in Latin America have been hammered this month after a sharp drop in oil prices and a plummeting Russian rouble sapped demand for riskier investments from emerging markets.On Wednesday the rouble halted its decline and strengthened about 7 percent after the government sold dollars ...
Wall St climbs ahead of Fed decision NEW YORK: US stocks were higher shortly after the open on Wednesday, following a three-session losing streak for major Wall Street indexes, as investors awaited the U.S. Federal Reserve's final statement of the year that may set the stage for interest rate hikes in 2015.A strengthening U.S. economy is expected to trump global economic worries and the Fed is likely to signal it is still on track to raise rates.U.S. consumer prices recorded their biggest ...
Brazil markets melt as oil, ruble spook investors SAO PAULO: Brazilian financial markets opened sharply lower on Tuesday as falling oil prices and a plunge in the Russian ruble drove investors toward safer assets.The Brazilian real fell to 2.73 per dollar, near its weakest in ten years, while the Bovespa stock index crossed below the 46,000-point mark for the first time since March.Brent crude fell over $1 per barrel on Tuesday to below $60 for the first time since July 2009 as a ...
Canada's TSX boosted by Repsol purchase of Talisman TORONTO: Canada's main stock index jumped on Tuesday, with Talisman Energy Inc surging 46 percent after Spanish oil major Repsol agreed to buy the independent producer for $13 billion.The Toronto Stock Exchange's S&P/TSX composite index was up 172.61 points, or 1.26 percent, at 13,877.75 in mid-morning trading."People are recognising that there is a difference between stock prices and business value," said Barry Schwartz, a portfolio manager at Baskin Financial Services. "At some point it's cheaper ...
US stocks fall as oil, Russian ruble tumble NEW YORK: US stocks opened lower Tuesday amid another dramatic fall in oil prices and the Russian ruble.Five minutes into trade, the Dow Jones Industrial Average stood at 17,109.49, down 71.35 points (0.42 percent).The broad-based S&P 500 plummeted 22.45 (1.12 percent) to 1,979.88, while the tech-rich Nasdaq Composite Index lost 26.56 (0.58 percent) at 4,578.60.US oil prices dropped again, sinking below $55 a barrel for the first time since May 2009. Investors have been unnerved ...

 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln