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Wall St holds near flat as M&A counters Iraq worry NEW YORK: US stocks were little changed on Monday, as caution caused by turmoil in Iraq was countered by a flurry of merger activity.The United States is considering U.S. air strikes to help the Iraqi government fend off an Islamist insurgency, as well as possible discussions with neighboring Iran, U.S. Secretary of State John Kerry said on Monday."If the market really didn't back off because of (Iraq), people are concerned, they will keep watching it and unless it really implodes the market is just going to churn," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.Merger activity continued to support the market and keep declines in check. Medical device maker Medtronic Inc agreed to buy Dublin-based Covidien Plc for $42.9 billion and shift its executive headquarters to Ireland in the latest move by U.S. firms to harvest lower tax rates abroad. Medtronic shares ...

Oil gains on Iraqi violence; bonds rise on safety bid NEW YORK: Oil prices rose on Monday after advances by Sunni insurgents in Iraq raised concerns over potential disruption to crude supplies, while the Iraqi violence and renewed tensions in Ukraine drove a shift into safe-haven currencies and bonds.Fighting in Iraq and Ukraine damped global equity markets, even though merger activity offset some declines on Wall Street.Investor unease hit the Nikkei early in the day when Tokyo suffered its biggest fall in a month, while ...
Argentine stocks tumble after US court decision SAO PAULO: Argentine stocks plunged on Monday after the US Supreme Court declined to hear the country's appeal to avoid paying $1.33 billion to hedge fund creditors, sparking fears of a default.Other Latin American stocks also declined, with the MSCI Latin American stock index slipping for the third straight session as concern over escalating global geopolitical tensions sapped appetite for riskier investments.The US Supreme Court on Monday left intact lower court rulings that ordered Argentina ...
US stocks move higher amid big deals, Iraq violence NEW YORK: US stocks Monday moved higher in early trade as investors weighed gloomy headlines of more violence in Iraq with news of major corporate acquisitions. About 35 minutes into trade, the Dow Jones Industrial Average added a scant 2.51 points (0.01 percent) to 16,778.25.The broad-based S&P 500 rose 3.63 (0.19 percent) to 1,939.79, while the tech-rich Nasdaq Composite Index advanced 10.47 (0.24 percent) at 4,321.12.Sectarian fighting continued in Iraq, as militants pushed an advance ...
Intel lifts Wall St, but indexes set for lower week NEW YORK: US stocks rose on Friday, boosted by bullish news from the tech sector, though major indexes remained on track to snap a multi-week string of weekly gains.Despite the day's rise, investors remained cautious about ongoing violence in Iraq, which has taken oil prices to their highest since September. Analysts are worried about the impact a protracted period of high commodity prices could have on economic growth, especially with indexes near record levels. Intel ...
US stocks rise as investors keep eye on Iraq NEW YORK: US stocks Friday opened higher as a positive outlook from tech giant Intel and merger news offset worry about sectarian conflict in Iraq.Five minutes into trade, the Dow Jones Industrial Average rose 17.47 points (0.10 percent) to 16,751.66.The broad-based S&P 500 advanced 2.55 (0.13 percent) to 1,932.66, while the tech-rich Nasdaq Composite Index gained 14.79 (0.34 percent) at 4,312.42.Investors continued to keep close watch on Iraq, where a push by militants towards Baghdad ...
Oil prices spike on Iraq anxiety, stocks dip NEW YORK: Crude oil prices spiked on Thursday on worries over supply as violence escalated in Iraq, while a worldwide equities gauge edged down after Wall Street opened lower.Crude jumped after Iraqi Kurdish forces took control of the northern oil city of Kirkuk, in the face of a triumphant Sunni Islamist rebel march towards Baghdad that threatens Iraq's future as a unified state.Brent crude futures rose the most in more than three months to a ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyJuly 10, 2014
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