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Candy Crush maker King Digital raises $500 mn in IPO NEW YORK: King Digital Entertainment, the creator of the wildly popular video game Candy Crush, priced its initial public offering at $22.50 per share Tuesday, raising $500 million in its Wall Street debut. The British game developer sold 22.2 million shares in an offering priced at the midpoint of the $21-$24 range previously targeted.King will begin trading on the New York Stock Exchange Wednesday under the ticker "KING" with a market valuation of $7.1 billion.The money raised in the issue could reach $574 million depending on market demand for an additional 3.33 million that could be issued underwriters, the company said.Established in 2002, King' business has soared in the last two years thanks to the spectacular popularity of Candy Crush, which boasts some 97 million players worldwide, its Tetris-like format requiring players to line up sweets and bon bons through 500 increasingly difficult levels.The game's popularity has benefited from ...

Wall St ends down, led by tech shares NEW YORK: US stocks fell on Monday, with some of the market's recent best performers like technology and biotech shares leading the way down.Based on the latest available data, the Dow Jones industrial average fell 26.08 points or 0.16 percent, to end unofficially at 16,276.69.The S&P 500 dropped 9.08 points or 0.49 percent, to finish unofficially at 1,857.44. The Nasdaq Composite slid 50.403 points or 1.18 percent, to close unofficially at 4,226.385. Copyright Reuters, 2014 ...
China data pulls TSX lower, gold miners slump TORONTO: Canada's main stock index slipped on Monday as disappointing economic data from China weighed on sentiment and a slump in the price of bullion sent gold-mining shares tumbling to their biggest single-day drop in more than three months.A survey showed that China's manufacturing industry contracted in the first quarter of 2014, adding to a slew of recent data indicating that China, a big buyer of Canadian resources, is struggling to maintain growth.Investors also digested ...
Tech share sell-off drags US stocks lower NEW YORK: A second straight sell-off of popular technology shares dragged US stocks lower Monday, as tensions with Russia over Ukraine kept investors on edge.At the closing bell the Dow Jones Industrial Average was down 25.88 points (0.16 percent) at 16,276.89.The broad-based S&P 500 lost 9.08 (0.49 percent) at 1,857.44, while the tech-rich Nasdaq Composite fell 50.40 (1.2 percent) to 4,226.38.Stocks eventually halved their early losses the Nasdaq having given up more than 2.0 percent ...
Morgan Stanley pays fine after index hedge topped soymeal limits WASHINGTON: Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures for two days while attempting to hedge a commodity index investment, US regulators said on Monday. The fine, while small, highlights how tougher rules meant to apply tighter speculative trading limits in other raw material markets, such as oil and metals, risk curtailing banks' business in selling broad commodity baskets to investors, one of ...
TSX up 0.75pc on week; energy bucks broad decline TORONTO: Canada's main stock index ended slightly lower on Friday but many energy stocks gained as crude prices rose on the possibility of Russian supply disruptions, while retailers benefited after regulatory approval for a major takeover in the sector.The otherwise broad decline capped weekly gains at 0.75 percent in cautious end-of-week trade."Energy stocks have been the focus really since the Russian annexation" of Crimea, said John Ing, president of Maison Placements Canada.Cenovus Energy jumped 2 ...
US stocks pull back amid caution ahead of weekend NEW YORK: The S&P 500 his a new intraday record Friday but stocks then pulled back ahead of the weekend amid profit taking and caution over the Ukraine crisis.At the closing bell, the Dow Jones Industrial Average was down 30.79 points (0.19 percent) at 16,300.26.The broad-based S&P 500 lost 5.60 (0.30 percent) at 1,866.41, while the tech-rich Nasdaq Composite slid 42.50 (0.98 percent) to 4,276.79. Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 16,514.37 0.40
Arrow Nasdaq 4,161.46 0.97
Arrow S&P 1,815.69 0.95
Arrow FTSE 6,681.76 0.85
Arrow DAX 9,600.09 2.02
Arrow CAC-40 4,484.21 1.18
Arrow Nikkei 14,388.77 0.85
Arrow H.Seng 23,003.64 0.79
Arrow Sensex 22,758.37 0.03

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln