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Wall St falters in volatile session on Fed worries NEW YORK: US stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon.The minutes followed comments from Chairman Ben Bernanke, who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.The comments were a blow to a market that had accelerated after Bernanke said the central bank needed to see further signs of traction in the economy before it tapered stimulus."This is a very sensitive market and particularly sensitive to any notion ...

Stocks, oil fall after Bernanke; dollar gains NEW YORK: Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the US central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.Remarks by Bernanke, in testimony to Congress, that the bond purchases would remain in place for now initially drove sharp gains on Wall Street and sent the ...
TSX edges up as Fed talk buoys golds, drags banks TORONTO: Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the US Federal Reserve will keep its easy money policy in place for now was tempered by fears of a stimulus rollback.The resource-heavy market, which advanced for the fourth straight session, reached its highest in more than two months due to early gains.Fed Chairman Ben Bernanke said the central bank's monetary stimulus is helping ...
US stocks fall as market eyes possible Fed retreat NEW YORK: US stocks Wednesday ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve's exceptionally loose monetary policy.The Dow Jones Industrial Average dropped 80.41 (0.52 percent) to 15,307.17.The broad-based S&P 500 gave up 13.81 (0.83 percent) at 1,655.35, while the tech-rich Nasdaq Composite Index sank 38.82 (1.11 percent) to 3,463.30.Stocks had rallied in the morning during the early part of Federal Reserve Chairman Ben Bernanke's highly ...
Dow, S&P end at records on Fed officials' reassurance NEW YORK: US stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.Dow component Home Depot gave the market a lift after the world's largest home improvement chain raised its profit outlook, driving its stock to a record intraday high.JPMorgan also bolstered the Dow, rising more than 1 percent to a ...
TSX glides near 2-month high as major sectors rally TORONTO: Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism following positive economic data from Europe.British inflation fell twice as fast as expected last month, giving incoming Bank of England Governor Mark Carney more leeway for stimulus. Another report showed that Germany is on track for a solid recovery due to a pickup in demand for its products ...
US stocks rise ahead of Bernanke testimony NEW YORK: US stocks Tuesday closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke.At the closing bell, the Dow Jones Industrial Average rose 52.99 (0.35 percent) to 15,388.27.The broad-based S&P 500 added 2.90 (0.17 percent) to 1,669.19, while the tech-rich Nasdaq Composite Index increased 5.69 (0.16 percent) to 3,502.12.FTN Financial's Chris Low expects a status-quo update from Bernanke's upcoming ...

 



 
IndexClosingChg%
ArrowDJIA 15,307.17 0.52
ArrowNasdaq 3,463.30 1.11
ArrowS&P 1,655.35 0.83
ArrowFTSE 6,840.27 0.53
ArrowDAX 8,530.89 0.69
ArrowCAC-40 4,051.11 0.37
ArrowNikkei 15,627.26 1.60
ArrowH.Seng 23,261.08 0.45
ArrowSensex 20,062.24 0.25






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln