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US stocks extend sell-off on China jitters NEW YORK: US stocks Friday moved lower in early trade as a wave of selling pressure continued following a weak report on Chinese manufacturing activity.About 30 minutes into trade, the Dow Jones Industrial Average fell 98.51 points (0.61 percent) to 16,098.84.The broad-based S&P 500 dropped 13.28 (0.73 percent) to 1,815.18, while the tech-rich Nasdaq Composite Index declined 35.69 (0.85 percent) to 4,183.18.The sell-off followed steep declines Thursday after a report said Chinese manufacturing activity in January contracted for the first time in six months. European stock markets were also down sharply Friday following the report, which raised concerns about the world's second-biggest economy and one of its most important growth markets.Analysts also have attributed the Wall Street retreat to disappointment that US corporate earnings have not been better."Uncertainty has gripped the market, and when uncertainty does that, there is a tendency to sell first and ask questions later, particularly when ...

Wall Street slides as emerging-market currencies plunge NEW YORK: US stocks fell on Friday, on the heels of a selloff in emerging market assets, hurt by growth concerns in China and as expectations grew that the Federal Reserve will trim its market-friendly stimulus measures further. A rout in emerging market assets spread to developed countries in Europe on worries about Fed policy, slowing growth in China and political problems in Turkey, Argentina and Ukraine. Friday's slide put the S&P 500 on track ...
Latam stocks at 4-year low in emerging markets selloff: emerging markets SAO PAULO: Latin American stocks tumbled to their lowest level in 4-1/2 years on Friday as investors dumped shares of banks and commodities producers amid a global sell-off of emerging markets securities and currencies.The MSCI Latin American stock index fell 2.37 percent to 2,910.06, its lowest level since July 2009.Emerging markets stocks and currencies, and to a lesser extent bonds, have been pummeled in recent sessions as investors fret over issues including slower growth in ...
Emerging markets selloff picks up: global markets NEW YORK: A full-scale flight from emerging market assets accelerated on Friday, setting global shares on course for their worst week this year and driving investors to safe-haven assets including US Treasuries, the yen and gold. US stocks slumped, with the benchmark S&P 500 falling as much as 1.5 percent. Concerns about slower growth in China, reduced support from US monetary policy and political problems in Turkey, Argentina and Ukraine drove the selling. ...
US stocks fall on poor Chinese manufacturing data NEW YORK: US stocks Thursday fell sharply in early trade after a report showed that Chinese manufacturing contracted for the first time in six months in January.Abut 35 minutes into trade, the Dow Jones Industrial Average lost 144.41 (0.88 percent) at 16,228.93.The broad-based S&P 500 sank 13.74 (0.74 percent) to 1,831.12, while the tech-rich Nasdaq Composite Index declined 32.01 (0.75 percent) to 4,210.99.HSBC's China manufacturing sector purchasing managers index fell to 49.6, below the line ...
US stocks end mixed on mediocre earnings NEW YORK: US stocks Wednesday finished mixed as investors continued to react cautiously to a series of uneven earnings reports.At the closing bell, the Dow Jones Industrial Average fell 38.01 (0.23 percent) to 16,376.43.The broad-based S&P 500 rose 1.18 (0.06 percent) to 1,844.98, while the tech-rich Nasdaq Composite Index added 17.24 (0.41 percent) at 4,243.00.Companies are "not beating expectations by very much," said Michael Gayed, chief investment strategist at Pension Partners. The results are "not ...
Icahn says he has $3bn in Apple stock NEW YORK: Activist investor Carl Icahn said on Wednesday he has invested some $3 billion in Apple, and claimed the tech giant is "doing a disservice to shareholders" by not increasing its share buyback.Icahn's comments made on Twitter suggested tensions rising with the iconic California maker of iPads and iPhones, after having met chief executive Tim Cook for dinner last year to press his case to do more for shareholders."Having purchased $500 million more $AAPL ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln