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US stocks soar on Fed, US debt ceiling progress NEW YORK: US stocks on Tuesday jumped more than one percent after new US Federal Reserve chair Janet Yellen confirmed she would continue existing Fed monetary policy.At the closing bell, the Dow Jones Industrial Average leaped 188.29 points (1.19 percent) to 15,990.08.The broad-based S&P 500 surged 19.53 (1.09 percent) to 1,819.37, while the tech-rich Nasdaq Composite Index added 42.86 (1.03 percent) at 4,191.03.Appearing in her first congressional hearing since taking the top post at the US central bank, Yellen said she expects to continue predecessor Ben Bernanke's plan to scale back stimulus and keep interest rates low until the labor market improves significantly.Also, House of Representatives Republicans signaled they would agree to extend the US borrowing authority without attaching controversial conditions. The announcement by House Speaker John Boehner averts a major showdown with President Barack Obama over raising the debt limit that could have rattled markets."The fact that Fed Chair ...

US stocks gain as Yellen says no change to Fed policy NEW YORK: US stocks moved higher in early trade Tuesday after new Federal Reserve Chair Janet Yellen told Congress she had no plans to change monetary policy set under predecessor Ben Bernanke.About 30 minutes into trade, the Dow Jones Industrial Average rose 58.66 points (0.37 percent) to 15,860.45The broad-based S&P 500 added 5.66 (0.31 percent) at 1,805.50, while the tech-rich Nasdaq Composite Index advanced 14.17 (0.34 percent) to 4,162.34.The early gains suggested the market was ...
Wall Street advances as Yellen keeps Fed policy intact NEW YORK: US stocks rose on Tuesday after new Federal Reserve Chair Janet Yellen reinforced the central bank's plan to trim its market-friendly stimulus, while also noting labor market conditions needed to improve. In her first public comments as Fed chief, Yellen emphasized continuity in the Fed's policy strategy, saying she strongly supports the approach of her predecessor, Ben Bernanke. "They are apparently loving what Janet Yellen has to say which is really, 'hold the ...
US stocks trade mixed ahead of Yellen testimony NEW YORK: US stocks were mixed in early trade Monday following their strongest week of the year, with investors keenly awaiting new Federal Reserve chief Janet Yellen's first testimony to Congress.Forty-five minutes into trade, the Dow Jones Industrial Average was down 23.57 points (0.15 percent) at 15,770.51.The broad-based S&P 500 edged down 0.81 (0.05 percent) to 1,796.21, while the tech-rich Nasdaq Composite Index rose 5.44 (0.13 percent) to 4,131.30.Yellen, who succeeded Ben Bernanke as Fed ...
US stocks rise despite some weak data NEW YORK: US stocks recovered from an early-week swoon to close the week with net gains, picking up enough momentum mid-week to override Friday's disappointing US jobs report.The Dow Jones Industrial Average finished the week up 95.23 (0.61 percent) to 15,794.08. The broad-based S&P 500 tacked on 14.43 (0.81 percent) to 1,797.02, while the tech-rich Nasdaq Composite Index advanced 21.98 (0.54 percent) to 4,125.86.The gains ended two straight weeks of declines and followed a dreary ...
US stocks rally despite Twitter disappointment NEW YORK: US stocks moved decisively higher Thursday ahead of Friday's much-watched US labor market report but shares of social networking high-flyer Twitter plummeted on disappointing user growth. About 45 minutes into trade, the Dow Jones Industrial Average gained 123.85 points (0.80 percent) at 15,564.08.The broad-based S&P 500 added 12.98 (0.74 percent) at 1,764.62, while the tech-rich Nasdaq Composite Index tacked on 37.43 (0.93 percent) at 4,048.98.Economic data were mixed. The US trade deficit rose ...
TSX climbs as oil prices lift energy shares TORONTO: Canada's main stock index advanced on Wednesday as higher oil prices helped boost shares of energy producers and positive sentiment prevailed after several days of choppy trading.The Toronto Stock Exchange's benchmark index, which gained 9.6 percent last year, has shed more than 400 points in the last two weeks.The market shrugged off data released by payrolls processor ADP showing that hiring by US private employers in January was the weakest since August, with cold ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln