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US stock rally snaps 6-day skid; Dow up 3.95pc NEW YORK: US stocks surged Wednesday, snapping a six-day losing streak prompted by a big pullback in Chinese equities that has roiled global markets.The Dow Jones Industrial Average jumped 619.07 points (3.95 percent) to 16,285.51. The broad-based S&P 500 gained 72.90 (3.90 percent) at 1,940.51, while the tech-rich Nasdaq Composite Index bolted up 191.05 (4.24 percent) to 4,697.54.All 30 members of the Dow rose, led by Merck with 6.4 percent. Several other companies rose more than five percent, including Apple, JPMorgan Chase, Microsoft, Nike, Visa and ExxonMobil.US stocks opened sharply higher for the second straight day. However, unlike Tuesday, when a late-afternoon slump pushed the market into the red, US stocks picked up momentum in the afternoon and closed near session highs."The market has found its legs," said Chris Low, chief economist at FTN Financial. "I couldn't tell you that the low is in place, but I am very comfortable ...

US stocks surge in opening trade NEW YORK: Wall Street equities jumped in opening trade Wednesday as investors tried to snap a six-day losing streak prompted by turmoil in the Chinese stock market.About 20 minutes into trade, the Dow Jones Industrial Average stood at 15,985.73, up 319.29 points (2.04 percent).The broad-based S&P 500 rose 39.09 (2.09 percent) to 1,906.70, while the tech-rich Nasdaq Composite Index gained 105.82 (2.35 percent) at 4,612.30.The buoyant start in the US recalled Tuesday's confident open, which ...
US stocks end lower as morning rally fizzles NEW YORK: US stocks finished lower for the sixth straight session Tuesday, with the Dow posting another triple-digit decline after a morning rally fizzled. The Dow Jones Industrial Average shed 204.91 points (1.29 percent) at 15,666.44.The broad-based S&P 500 dropped 25.60 (1.35 percent) to 1,867.61, while the tech-rich Nasdaq Composite Index lost 19.76 (0.44 percent) at 4,506.49.US equity markets surged early and stayed high much of the day, but faded sharply in the last hour ...
US stocks cut losses as Apple, Intel gain NEW YORK: US stocks fought back from a bruising open Monday, as a midday rally in Apple and a handful of other major stocks eliminated most of the market's early losses.Near 1700 GMT, the Dow Jones Industrial Average stood at 16,334.51, down 125.24 (0.76 percent) after dropping more than six percent in the opening moments of trade.The broad-based S&P 500 fell 19.40 (0.98 percent) to 1,951.49, while the tech-rich Nasdaq Composite Index shed 21.02 (0.45 ...
Great fall of China sinks world stocks, dollar NEW YORK: World stock markets plunged on Monday, as a near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit. The Dow Jones Industrial Average dropped more than 1,000 points as Wall Street opened, and the benchmark Standard & Poor's 500 index slid more than 2.5 percent, a drop that puts it nearly 10 percent below its record high. A key measure of ...
Latin American stocks fall on China plunge SAO PAULO: Stocks in Brazil and Mexico, Latin America's two largest exchanges, fell sharply Monday as plunging Chinese shares unleashed fresh turmoil on global markets.Sao Paulo's IBOVESPA stock index fell 6.49 percent in opening trade before recovering slightly, with shares down 4.5 percent to 43,647 points at mid-morning.Mexico's IPC index meanwhile lost 2.18 percent, to 41,286.20 points.The losses appeared to be driven by concern over shrinking Chinese demand for raw materials.In Brazil, mining giant Vale, ...
Rout continues as TSX plunges 2 percent to 2015 low TORONTO: Canada's main stock index sank more than 2 percent on Thursday, hitting the lowest level of the year, as investor concern about prospects for global economic growth continued to cast a pall over markets.The TSX index suffered its ninth loss in 11 sessions, with most of its main sectors giving up more than 1.5 percent. The healthcare group lost nearly 5 percent."The selling is indiscriminate, it's panic-driven, and it doesn't help that the U.S. ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln