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Brazil markets drop on political turbulence SAO PAULO: Brazilian financial markets dropped on Friday as mounting political turbulence threatened President Dilma Rousseff's ability to pass reforms needed to pull Latin America's largest economy out of recession.The real weakened 1 percent after the speaker of Brazil's lower house of Congress, Eduardo Cunha, announced on Friday that he was breaking with Rousseff's government.Cunha's move does not necessarily mean an immediate departure of his PMDB party from Rousseff's coalition, but it could complicate her efforts to pass austerity measures crucial to protect Brazil's investment-grade rating. Cunha is also responsible in Congress for initiating a possible impeachment of Rousseff.Other Latin American currencies also fell as investors feared an expected increase in US interest rates that is likely to reduce the allure of high-yielding emerging market assets."We have domestic and external reasons for a stronger dollar today," said Jaime Ferreira, head of currency trading at brokerage Intercam in Brazil.The Mexican peso ...

US stocks firm on Yellen, euro falls before Greek vote NEW YORK: US stock prices held steady on Wednesday as Federal Reserve chair Janet Yellen affirmed a likely interest rate increase by year-end, while the euro fell ahead of a Greek government vote on whether to accept tough terms for a vital third bailout.Oil prices fell on worries of growing supply from Iran following a landmark deal that would lift sanctions that have curbed its oil sales for several years."If the economy evolves as we ...
US stocks mixed as Yellen sees 2015 rate hike NEW YORK: US stocks were mixed early Wednesday following solid Bank of America earnings and Federal Reserve Chair Janet Yellen indicating an interest rate hike was still seen in 2015.About 35 minutes into trade, the Dow Jones Industrial Average stood at 18,045.19, down 8.39 points (0.05 percent).The broad-based S&P 500 rose a scant 0.21 (0.01 percent) to 2,109.16, while the tech-rich Nasdaq Composite Index gained 13.86 (0.27 percent) at 5,118.75.Bank of America jumped 2.7 percent ...
Greek agreement lifts equities, but doubts remain NEW YORK: World equity prices climbed on Monday as investors welcomed a conditional agreement to open talks aimed at keeping Greece afloat with a bailout and within the euro zone.European equities jumped almost 2 percent while Wall Street gained about 1 percent after euro zone leaders made Greece surrender much of its sovereignty to outside supervision in return for agreeing to talks on an 86-billion-euro bailout.Investors remained anxious that a deal was not entirely in ...
US stocks rise on Greek deal to stay in eurozone NEW YORK: US stocks rose early Monday, joining a global rally after Greece reached a deal with eurozone leaders on the third bailout and avoided crashing out of the eurozone.About 35 minutes into trade, the Dow Jones Industrial Average was at 17,943.91, up 183.50 points (1.03 percent). The broad-based S&P 500 rose 19.03 (0.92 percent) to 2,095.65, while the tech-rich Nasdaq Composite Index gained 58.80 (1.18 percent) at 5,056.50.Under the deal, Greek Prime Minister Alexis ...
Stocks, euro jump on Greek bid to set debt deal NEW YORK: Global stock markets jumped while the euro rose broadly on Friday on optimism that last-minute concessions by Greek Prime Minister Alexis Tsipras would clinch a deal with the country's international creditors and save it from financial meltdown. US stocks were up about 1 percent in early trading, following gains in both European and Asian equities.The euro jumped more than 2 percent against the yen, while gold prices edged higher. The gains follow a ...
Outage shows NYSE's shrinking impact on stocks NEW YORK: When the New York Stock Exchange halted trade Wednesday morning, broadcasters showed images of brokers on the legendary exchange floor suddenly stopping orders.Yet screens used by investors everywhere continued to flash new trade prices in red and green for ExxonMobil, JPMorgan Chase and other NYSE blue chip stocks, as fresh transactions were executed on other platforms, including the Nasdaq, the NYSE's cross-town rival.The nearly four-hour outage underscored just how diminished the once world-leading ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln