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Founding family of Mexican homebuilder Homex sells more shares MEXICO CITY: The family that founded Homex, Mexico's second-biggest homebuilder, sold more of its shares this month, adding to woes for the company that is struggling under a heavy debt load.The De Nicolas family sold 1,196,667 of Homex's US-listed shares, cutting its stake to 17.09 percent of the company from 17.44 percent on June 7, according to a regulatory filing.The family, which has been selling off its stake since April, sold the shares in June to meet margin calls related to loans from 2008, 2009 and 2010, the filing said. The family has cut its stake by almost 40 percent since April to meet margin calls on loans, filings show.Homex's Mexican-listed shares have fallen 74 percent this year, as sales of its suburban homes have dried up and it has missed payments on debt and derivative positions.The company and the De Nicolas family have declined to respond to requests seeking ...

US stocks sink for 3rd day as Treasury yields jump NEW YORK: US stocks gave up early gains and sank Friday, with the Nasdaq dropping one percent, as Treasury bond yields jumped to their highest level in nearly two years.The 10-year Treasury note pushed to 2.50 percent, compared to 2.42 percent late Thursday, continuing a sell-off in bonds sparked by a slightly hawkish turn by the Federal Reserve that has raised expectations of higher interest rates all around.At midday (1600 GMT) the Dow Jones Industrial ...
US stocks mostly higher as global markets steady NEW YORK: US stocks Friday opened mostly higher as global markets steadied one day after recording steep declines in most markets.About 40 minutes into trade, the Dow Jones Industrial Average rose 52.75 (0.36 percent) to 14,811.07.The broad-based S&P 500 added 6.70 (0.42 percent) to 1,594.89 while the tech-rich Nasdaq Composite Index slipped 2.25 (0.07 percent) to 3,362.39.On Thursday, the US indices each tumbled by 2.3 percent or more. There were sharp declines in markets in ...
US high-yield bonds take beating as yields spike NEW YORK: The high-yield market took a beating on Thursday with bonds down several points as yields spiked after the Federal Reserve signaled it is gearing up to end its asset purchase program.The CDX HY20 dropped another point and a half today to 101.28. Recently priced tight BB paper has been particularly hard hit. Ball Corp's 4% notes due 2023, which are considered the poster boy for the market peak, were quoted at 91.75-92.75, down ...
Stocks, bonds, commodities slump on likely end to Fed stimulus NEW YORK: Global equity markets, bond prices and commodities fell sharply on Thursday in a deep selloff, a day after the Federal Reserve said the US economy was growing strongly enough for it to begin slowing its unprecedented stimulus.The Fed's bond-buying program, known as quantitative easing, has lifted both the US economy and world financial markets by pushing interest rates to historic lows.But comments by Fed Chairman Ben Bernanke on Wednesday, when he laid out ...
US stocks plunge more than 2pc on Fed, China worries NEW YORK: US stocks plunged on Thursday, continuing a global markets rout spurred by the Federal Reserve's plans to cut stimulus and more bad news in China's manufacturing and banking sectors.At the closing bell, the Dow Jones Industrial Average was down 353.87 points (2.34 percent) at 14,758.32.The broad-based S&P 500 fell 40.74 (2.50 percent) to 1,588.19, while the tech-rich Nasdaq Composite tumbled 78.57 (2.28 percent) to 3,364.63.The US fall followed large drops in Asian and ...
Wall St slumps after Bernanke hints at slowing bond buying NEW YORK: US stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.Equities have been closely tethered to ultra-loose monetary policy, which has been key to the S&P's climb of more than 14 percent so far this year. Benchmark 10-year US bond yields jumped to a 15-month high on expectations the ...

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln