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Stocks gain on Royal Dutch Shell bid, dollar slips NEW YORK: Global equity markets rose on Wednesday, with European shares hitting eight-year highs on Royal Dutch Shell's $70 billion bid for energy firm BG Group, while the dollar slipped ahead of the release of U.S. Federal Reserve minutes.Equity markets briefly sold off after U.S. Energy Information Administration data showed stockpiles of U.S. crude saw their largest weekly build since March 2001, leading crude oil prices to fall further.News of the first major merger in the energy industry in more than a decade boosted European shares, led by a rally in energy stocks that had tumbled as prices for crude oil and gas plunged since last summer.The STOXX energy sector index in Europe, which rose as much as 6.1 percent, was last up 2.6 percent, while the pan-European FTSEurofirst 300 index of leading regional shares was up 0.04 percent."The sector has been ripe for consolidation given the bearish outlook for ...

Wall St ticks up but energy weighs after crude drop NEW YORK: US stocks pared initial gains to trade slightly higher on Wednesday as energy stocks sold off after a large buildup in crude stockpiles sent oil futures reeling.Brent slid 3.3 percent and U.S. crude lost more than 4 percent after data from the U.S. Energy Information Administration showed the largest weekly build in oil inventories since March 2001.Energy stocks, which had been supported by Royal Dutch Shell's $70 billion bid for rival BG Group, ...
US stocks rise after huge Shell deal NEW YORK: US stocks opened higher Wednesday following news of Royal Dutch Shell's $70 billion takeover of BG Group as the market awaited the kickoff of earnings season.Five minutes into trade, the Dow Jones Industrial Average was at 17,924.79, up 49.37 points (0.28 percent).The broad-based S&P 500 rose 5.92 (0.29 percent) to 2,082.25, while the tech-rich Nasdaq Composite Index gained 16.32 (0.33 percent) at 4,926.56.Analysts said Shell's £47 billion acquisition of BG could set off ...
Wall St ends lower as utilities fall NEW YORK: US stocks ended down slightly on Tuesday, reversing course late in the session as utility shares fell and offset optimism about deal news. The Dow Jones industrial average fell 8.44 points, or 0.05 percent, to 17,872.41, the S&P 500 lost 4.47 points, or 0.21 percent, to 2,076.15 and the Nasdaq Composite dropped 7.08 points, or 0.14 percent, to 4,910.23. Copyright Reuters, 2015 ...
TSX hits one-month high as resources gain TORONTO: Canada's main stock index advanced to its highest in more than a month on Tuesday, lifted by gains among its biggest banks and some major energy companies as oil prices climbed. The broad gains were echoed in global markets, with potential deal activity boosting European indexes as well as Wall Street. "The TSX is starting to pick up, and one of the reasons is the boiling over of oil prices," said Barry Schwartz, a ...
TSX hits one-month high as resources gain TORONTO: Canada's main stock index advanced to its highest in a month on Tuesday, lifted by strength in its energy and mining sectors as oil, copper and other commodities prices climbed.The benchmark index recorded its fourth straight daily gain as it benefited from recent strength in commodity prices, including a 6 percent jump in U.S. crude oil in the previous session.With the U.S. Federal Reserve set to release minutes from its latest policy meeting later ...
Wall St up on deals, biotech boost NEW YORK: US stocks rose on Tuesday, extending two sessions of gains for the S&P 500, with deals including a bid from FedEx for a Dutch peer indicating companies still see value in the market.Shares of FedEx rose 3.3 percent to $172.14 as it seeks to buy Dutch package delivery company TNT Express for $4.8 billion. Two years ago, competition regulators blocked United Parcel Service's bid for TNT because, unlike FedEx, that suitor already had ...


Index Closing Chg%
Arrow DJIA 17,928.20 0.79
Arrow Nasdaq 4,939.33 0.84
Arrow S&P 2,089.46 1.18
Arrow FTSE 6,927.58 0.84
Arrow DAX 11,327.68 2.51
Arrow CAC-40 4,974.07 2.12
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 27,755.54 1.13
Arrow Sensex 27,440.14 0.18

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln