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Stocks tumble on China, growth fears; dollar fades NEW YORK: World stock markets tumbled and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the world's No. 2 economy, stoked concerns about sluggish global growth.Wall Street was also weighed down by a drop in finance stocks and fell for a third straight session as expectations cooled for a U.S. interest rate hike in September, which also kept the dollar lower.The declines in equities put the S&P 500 back into negative territory for the year. The Nasdaq suffered its biggest daily percentage drop since April 10, 2014.Stocks in China tumbled again, with both the Shanghai and Shenzhen markets down more than 3 percent.Investors have been concerned a weak currency and slowing economy may spur further capital outflows."The largest issue is certainly the fact that we don't know how much the Chinese economy is slowing," said Art Hogan, chief market strategist at ...

US stocks fall on worries about China, oil weakness NEW YORK: US stocks tumbled early Thursday as worries about slumping oil prices and weak growth in China weighed on investor sentiment.About 35 minutes into trade, the Dow Jones Industrial Average was at 17,130.73, down 218.00 points (1.26 percent).The broad-based S&P 500 dropped 23.07 (1.11 percent) to 2,056.54, while the tech-rich Nasdaq Composite Index fell 64.81 (1.29 percent) to 4,954.24.The losses in the US came on the heels of declines in leading European and Asian ...
US stocks drop on worries about China, low oil prices NEW YORK: US stocks fell decisively Wednesday, with petroleum-linked equities hit especially hard amid growing fears about the slowing Chinese economy. At the closing bell, the Dow Jones Industrial Average stood at stood at 17,351.60, down 159.74 points (0.91 percent).The broad-based S&P 500 fell 17.10 (0.82 percent) to 2,079.82, while the tech-rich Nasdaq Composite Index sank 40.30 (0.80 percent) to 5,019.05.China worries have dominated trade since the Chinese central bank unexpectedly devalued the currency last ...
US stocks dip as Walmart earnings disappoint NEW YORK: Wall Street stocks finished lower Tuesday following a mixed batch of earnings from retailers, including Wal-Mart Stores, which tumbled 3.4 percent after slashing its profit forecast.The Dow Jones Industrial Average lost 33.84 points (0.19 percent) at 17,511.34. The broad-based S&P 500 shed 5.52 (0.26 percent) at 2,096.92, while the tech-rich Nasdaq Composite Index fell 32.35 (0.64 percent) to 5,059.35.Dow member Walmart led the blue-chip index downward after higher operating costs and the strong ...
Disney, Apple advance helps lift US stocks NEW YORK: Gains by Disney, Apple and some other large equities helped lift US stocks into positive territory Monday ahead of earnings from Wal-Mart Stores and Federal Reserve meeting minutes.The Dow Jones Industrial Average rose 67.78 points (0.39 percent) to 17,545.18.The broad-based S&P 500 advanced 10.90 (0.52 percent) to 2,102.44, while the tech-rich Nasdaq Composite Index jumped 43.46 (0.86 percent) to 5,091.70Disney rose 1.8 percent following a weekend presentation on plans to add to theme ...
Markets gain modestly, Wall St shakes off weak data NEW YORK: World equity indexes gained modestly on Monday after a rout last week, with rosy U.S. housing data helping Wall Street shrug off a weak manufacturing report, while the prospect of higher U.S. interest rates lifted the dollar for a third day.U.S. equities rebounded from a lower open as a report showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade.Earlier, stocks had dropped as Empire State data ...
TSX extends decline as resources fall, Canadian Tire profit misses TORONTO: Canada's main stock index fell for a third straight session on Thursday as weaker commodity prices squeezed energy and mining shares but the drop was cushioned by a Chinese central bank assurance that there was no reason for the yuan to fall further.This week's devaluation of the Chinese currency had pulled down commodity prices on concern that China would not be able to import as much.Putting more pressure on the market was retailer Canadian ...


Index Closing Chg%
Arrow DJIA 16,351.38 1.82
Arrow Nasdaq 4,749.98 2.46
Arrow S&P 1,948.86 1.83
Arrow FTSE 6,083.31 0.41
Arrow DAX 10,048.05 0.32
Arrow CAC-40 4,554.92 0.30
Arrow Nikkei 18,095.40 0.39
Arrow H.Seng 20,934.94 1.18
Arrow Sensex 25,453.56 0.95

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln