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Oil hits two-year low; dollar rises ahead of Fed NEW YORK: Brent crude fell below $97 per barrel on Monday to its lowest in more than two years as lackluster Chinese economic data lowered prospects for demand at a time of abundant supply, while expectations that the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.Chinese factory output grew at the weakest pace in nearly six years in August as growth in other key sectors also cooled, raising fears that the world's second-largest economy may be at risk of a sharp slowdown.The Brent contract for October delivery, which expires later on Monday, fell as low as $96.21 a barrel, its weakest since July 2012. The contract later pared most losses to trade around $96.98, down 13 cents."Maybe the pullback on the China data was a little overdone," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut, echoing the ...

Nasdaq loses ground as tech sector weighs NEW YORK: The Dow Industrials were edging higher while both the S&P 500 and Nasdaq were losing ground, as investors exercised caution ahead of the U.S. Federal Reserve's policy statement and prepared for Alibaba's initial public offering later in the week.Alibaba Group plans to increase the size of its U.S. initial public offering because of "overwhelming" investor demand, people familiar with the deal said, giving a short-lived push to shares of Yahoo, who owns a ...
Wall St falls, weighed by tech shares NEW YORK: US stocks were falling on Monday, dragged down by the tech sector as investors make space in their portfolios for Alibaba's planned debut later this week and biotech shares weighed further on the Nasdaq.Alibaba's could be the largest initial public offer in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock was up 1.7 percent with 1.9 million shares ...
Alibaba IPO gives fresh life to Yahoo NEW YORK: China's Alibaba will star on Wall Street with its upcoming stock offering, but US-based Yahoo also gets a windfall, which may help the turnaround efforts of the fading Internet pioneer.Yahoo, which bought a 40 percent stake in the Chinese online giant in 2005 for $1 billion, still holds 22.4 percent of Alibaba. And the California company is expected to walk away with $7 billion to $9 billion by paring that stake down to ...
US stocks drop on Russia sanctions, Fed speculation NEW YORK: US stocks dropped Friday as the West slapped new sanctions on Russia and traders saw a higher chance the Federal Reserve next week will accelerate its timeline to raise interest rates.The Dow Jones Industrial Average declined 61.49 points (0.36 percent) to 16,987.28.The broad-based S&P 500 fell 11.91 (0.60 percent) to 1,985.54, while the tech-rich Nasdaq Composite Index lost 24.21 (0.53 percent) at 4,567.60.The US and European Union unveiled new sanctions on Russian banking ...
US stocks fall as traders await Scotland vote, Fed NEW YORK: Wall Street stocks moved lower in early trade Friday following a solid retail sales report and ahead of next week's Federal Reserve meeting and referendum on Scottish independence.About 35 minutes into trade, the Dow Jones Industrial Average dropped 58.96 points (0.35 percent) to 16,990.04.The broad-based S&P 500 lost 8.49 (0.43 percent) to 1,988.96, while the tech-rich Nasdaq Composite Index fell 18.58 (0.40 percent) 4,573.23.The Commerce Department reported that US retail sales grew 0.6 ...
Wall Street slips at midday; energy a drag NEW YORK: US stocks were lower at midday on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. The market was on track to break a five-week string of gains.The S&P energy index was down 1.1 percent and among the day's worst-performing sectors. The group has come under pressure this week, during which it has shed 3 percent as crude oil prices fell. Exxon Mobil Corp and ConocoPhillips ...

 



 
Index Closing Chg%
Arrow DJIA 17,031.14 0.26
Arrow Nasdaq 4,518.90 1.07
Arrow S&P 1,984.13 0.07
Arrow FTSE 6,804.21 0.04
Arrow DAX 9,659.63 0.09
Arrow CAC-40 4,428.63 0.29
Arrow Nikkei 15,948.29 0.25
Arrow H.Seng 24,356.99 0.97
Arrow Sensex 26,816.56 0.90





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln