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US stocks open higher on Microsoft, earnings reports NEW YORK: US stocks Tuesday opened higher as Microsoft made a long-awaited announcement on a new chief executive and a handful of corporate results bested expectations.Five minutes into trade, the Dow Jones Industrial Average advanced 37.06 points (0.24 percent) to 15,409.86. The broad-based S&P 500 picked up 7.66 (0.44 percent) at 1,749.55, while the tech-rich Nasdaq Composite Index gained 19.62 (0.49 percent) at 4,016.58.Dow component Microsoft said that founder Bill Gates was stepping down as chairman to become a technology adviser and Satya Nadella, head of its cloud-computing division, would succeed Steve Ballmer as chief executive. Microsoft shares rose 1.4 percent.Investors were also cheered by strong reports from retailers JC Penney and Michael Kors Holdings and restaurant chain Yum Brands.Investors are hoping stocks recover after a weak start to 2014 that included a two percent retreat by US equities Monday.Copyright AFP (Agence France-Presse), 2014 ...

US, China data drag TSX to one-month low TORONTO: Canada's main stock index dropped to a one-month low on Monday as weak economic data from China and the United States made investors more circumspect about the global economic recovery, sending shares in every major sector lower.A report showed that the US manufacturing industry grew at a much slower pace in January as new order growth plunged by the most in 33 years, pulling overall factory activity to an eight-month low.Separate data indicated Chinese ...
US stocks sink more than 2pc on bad manufacturing data NEW YORK: US stocks on Monday fell more than two percent after a surprisingly weak US manufacturing report sparked another round of selling amid concerns about the strength of the global economy.The Dow Jones Industrial Average tumbled 326.05 points (2.08 percent) to 15,372.80.The broad-based S&P 500 fell 40.70 (2.28 percent) to 1,741.89 and the tech-rich Nasdaq Composite Index slumped 106.92 (2.61 percent) to 3,996.96."This is the beginning of the correction that we have been waiting ...
Weak US data sends dollar, equities lower: global markets NEW YORK: A weaker-than-expected report on US factory activity on Monday pushed global equity markets and the dollar lower, while adding to pressure on currencies and other assets in emerging markets. US stock indexes added to losses, the dollar fell to its lowest against the Japanese yen since late November and the yield on the benchmark 10-year US Treasury note fell to its lowest since early November after release of the ISM factory sector report. ...
US stocks tumble 1pc after weak manufacturing data NEW YORK: US stocks fell sharply in early trade Monday as lackluster reports on Chinese and US manufacturing activity added to concerns about economic growth and emerging-market economies.About 55 minutes into trade, the Dow Jones Industrial Average slumped 156.92 points (1.00 percent) to 15,541.93.The broad-based S&P 500 sank 18.85 (1.06 percent) to 1,763.74, while the tech-rich Nasdaq Composite Index fell 51.31 (1.25 percent) to 4,052.57.Global markets already were dampened by China's purchasing managers index for ...
TSX drops on emerging-market fears, economic data TORONTO: Canada's main stock index fell sharply on Friday as persisting concerns about emerging markets, coupled with mixed economic data out of Europe and the United States, fueled declines in every major sector.Investors also had an eye on TransCanada Corp, whose shares were little changed, ahead of a US environmental review of its proposed Keystone XL oil pipeline that is likely to say the project will not appreciably increase carbon emissions.Data from the euro zone ...
Futures tumble on euro zone data, emerging market worries NEW YORK: US stock index futures edged lower on Friday, setting Wall Street up for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets. Eurostat's first reading of January inflation showed it slowed back down to 0.7 percent, raising pressure on the European Central Bank to consider fresh policy action to counter deflation risks and support a weak euro zone recovery. ...


Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln