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US stocks sink after China devaluates yuan NEW YORK: US stocks sank in opening trade Tuesday after China's surprise devaluation of the yuan, seen as a bid to prop up weaker Chinese exports that would further strengthen the dollar. About five minutes into trade, the Dow Jones Industrial Average was down 147.89 points (0.84 percent) at 17,467.28. The broad-based S&P 500 dropped 13.76 (0.65 percent) to 2,090.42, while the tech-rich Nasdaq Composite Index fell 23.65 (0.46 percent) to 5,078.15. China shook markets after announcing Tuesday a sharply lower daily reference rate for the yuan against the US dollar -- the 1.86 percent cut was the largest since the yuan was unpegged from the greenback in 2005. The government explained the move was part of making its exchange rate regime more market-oriented."Market participants see an alternate agenda given the timing of things," said Patrick O'Hare of, noting weak Chinese trade data released last weekend that included a ...

Stocks off ahead of US jobs data, oil falls further NEW YORK: Weak earnings dragged stocks lower on Thursday and oil fell on continued oversupply concerns, while Treasuries prices rose ahead of US jobs numbers seen as key to determine the timing of a rate hike from the Federal Reserve. Sterling fell sharply against the US dollar after just one Bank of England official voted for higher interest rates at a meeting in which the bank said a strong pound and low oil prices would ...
Disney shares tumble on worries over cable business NEW YORK: Wall Street pummeled Disney shares Wednesday as it trimmed its outlook for its cable television business and faced questions on the threat to cash-cow ESPN from emerging technologies.Near 1645 GMT, shares of the media and entertainment giant were off 9.0 percent at $110.68 after closing at a 52-week high Tuesday. The decline came after Disney reported an 11 percent rise in earnings for its fiscal third quarter of $2.5 billion, translating into a ...
US stocks open higher as Disney shares tumble NEW YORK: US stocks opened higher Wednesday after three straight down days, despite a report showing disappointing private-sector jobs growth and a sharp fall in shares of Dow member Disney.Five minutes into trade, the Dow Jones Industrial Average was at 17,593.59, up 42.90 points (0.24 percent).The broad-based S&P 500 gained 12.03 (0.57 percent) at 2,105.35, while the tech-rich Nasdaq Composite Index jumped 30.61 (0.60 percent) to 5,136.15.Payroll firm ADP estimated the US private sector added ...
US stocks edge up as oil prices rally NEW YORK: US equities rose modestly early Tuesday as oil prices rallied and the Chinese stock market notched strong gains following new government measures to counter volatility. About 40 minutes into trade, the Dow Jones Industrial Average stood at 17,615.53, up 17.33 points (0.10 percent).The broad-based S&P 500 added 1.84 (0.09 percent) at 2,099.88, while the tech-rich Nasdaq Composite Index gained 7.02 (0.14 percent) at 5,122.40.Dow member Chevron added 0.7 percent and EOG Resources rose ...
Soft data weighs on oil, stocks; Europe shines NEW YORK: Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Canadian dollar hit its weakest in more than a decade against its US peer, weighed by lower crude. The pace of growth in the US manufacturing sector slowed in July and missed expectations, while China's ...
Latam markets fall on China data, commodity prices SAO PAULO: Latin American financial markets fell on Monday after disappointing factory data from China weighed on the price of the region's commodity exports.Nearly every currency in the region weakened against the dollar, with the Brazilian real falling as low as 3.46 per dollar, its weakest level in over 12 years. All major stock markets sank, with the broader MSCI Latin American stock index wiping out the previous session's gains.China's factory activity shrank more than ...


Index Closing Chg%
Arrow DJIA 16,654.77 2.27
Arrow Nasdaq 4,812.71 2.45
Arrow S&P 1,987.66 2.43
Arrow FTSE 6,192.03 3.56
Arrow DAX 10,315.62 3.18
Arrow CAC-40 4,658.18 3.49
Arrow Nikkei 18,574.44 1.08
Arrow H.Seng 21,838.54 3.60
Arrow Sensex 26,231.19 2.01

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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