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Shares fall on US GDP data, weak earnings; dollar slides NEW YORK: Stock markets worldwide slumped on Wednesday after a batch of weaker-than-expected corporate results and data showing US economic growth braked more sharply than expected in the first quarter, while the dollar plunged to a nine-week low. Commerce Department data showed US gross domestic product expanded at an only 0.2 percent annual rate, marking the weakest reading in a year, leading to a lower open on Wall Street. The data also hit European shares, which already suffered from weak corporate results from companies including Delhaize and Norsk Hydro. The FTSEurofirst 300 index of top regional shares was on track to close well over 1 percent lower for a second straight day. "The mixed economic data has been a concern. The low-rate environment is a bubble in itself and it's like riding a balloon until the pin pops," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey. ...

US stocks end higher; Twitter, Apple drag down Nasdaq NEW YORK: US stocks finished higher Thursday but an Apple selloff and the early release of what proved to be disappointing Twitter earnings drove the Nasdaq into the red.At the closing bell the Dow Jones Industrial Average was up 72.17 points (0.40 percent) at 18,110.14.The broader S&P 500 rose 5.85 (0.28 percent) to 2,114.77, while the tech-rich Nasdaq Composite gave up 4.82 (0.10 percent) at 5,055.42.Apple sank 1.6 percent despite its strong earnings and increase ...
US shares edge higher; oil pares gains after Iran ship seizure NEW YORK: US shares rebounded in afternoon trading on Tuesday, boosted by strong earnings from Merck and a dividend hike by IBM, while oil prices pared gains on expectations that U.S. crude stockpiles have reached record highs.Merck shares jumped 5.2 percent after the U.S. drugmaker beat quarterly earnings estimates. IBM shares rose 1.8 percent, the biggest positive influence on the Dow, after the company hiked its quarterly dividend by 18 percent.Data showing U.S. single-family home ...
Earnings weigh on shares, oil rises on Iran ship seizure NEW YORK: Disappointing corporate earnings handed European shares their biggest daily decline in over a week on Tuesday and left U.S. stocks little changed, while Iran's seizure of a cargo ship in the Gulf lifted oil prices.In U.S. markets, shares of handbag and accessories maker Coach slumped 6.1 percent, while Ford Motor slipped 1 percent in premarket trading. Results from both companies fell short of estimates."Most of the big corporations are missing on revenue and ...
TSX falls broadly as investors sidelined by Fed meeting TORONTO: Canada's main stock index fell on Tuesday as investors shied away from making big bets as the U.S. Federal Reserve kicks off its two-day meeting on monetary policy.A run of lukewarm U.S. economic data during the first quarter has pushed expectations of the Fed raising interest rates until the second half of 2015."(The market's) just trying to figure a timing on when we might see an uptick in interest rates," said Brian Pow, vice ...
Nasdaq sets new record 15 years after dot-com crash NEW YORK: The Nasdaq exchange smashed its 15-year-old record Thursday, breaking through the old mark set at the peak of the dot-com boom in 2000.The Nasdaq Composite Index added 0.42 percent (20.89 points) to finish at 5,056.06, finally making up all the nearly 4,000 points lost in a stunning crash that followed the previous closing mark of 5,048.62 set on March 10, 2000.A final-hour sell-off prevented the S&P 500 from surpassing its own previous record ...
Shares flat on earnings, oil jumps on Middle East worry NEW YORK: Stocks in major markets shook off soft data in big economies to hold near the unchanged mark on Thursday, while oil prices climbed on Middle East tensions.US stocks were little changed. Some strong earnings from AT&T, up 2.6 percent to $33.73, and eBay, up 3.7 percent to $58.84, and a rise in energy-related shares offset weaker manufacturing data along with lackluster reports on the housing and labor markets."There is a little bit less ...


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53

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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 21, 2015
Reserves $17.75 bln