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Dow hits new record; Alibaba soars in debut NEW YORK: The Dow on Friday notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.The Dow Jones Industrial Average advanced 13.75 points (0.08 percent) to close at 17,279.74.The S&P 500 finished down 0.96 of a point (0.05 percent) at 2,010.40, narrowly missing a record high a day after setting one. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 percent) to 4,579.79.Shares of Alibaba bolted 38.1 percent higher to $93.89 on its first day of trade after its IPO raised $25 billion, the largest in history on any market.Anticipation of the Alibaba trade helped push the market higher Friday morning, gains that were further propelled by Scotland's referendum vote on Thursday rejecting independence from Britain.But all three indices retreated from their peaks as Alibaba began trading before 1600 GMT. "The higher the opening indication for ...

Dow hits new record; Alibaba soars in debut NEW YORK: The Dow Friday notched its third straight record close in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.At the closing bell, the Dow Jones Industrial Average stood at 17,282, up 16.32 points (0.09 percent).The S&P 500 finished down 0.78 of a point (0.04 percent), narrowly missing a record for a second straight day. The tech-rich Nasdaq Composite Index fell 13.64 (0.30 percent) to ...
Alibaba jumps more than 40pc in trading debut NEW YORK: Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history. More than two hours after trading began at the New York Stock Exchange, the stock opened at $92.70 and rose from there, hitting a high of $99.70 in active trading, during which more than 100 million shares change ...
Alibaba makes Wall Street debut NEW YORK: Alibaba made its long-awaiting Wall Street debut Friday on the heels of a record stock offering that opens the door to its global expansion for the Chinese online retail giant.Company founder Jack Ma was on the floor of the New York Stock Exchange as trading opened, while a group of Alibaba customers rang the opening bell.A trading price was not available in the early minutes after the opening, which is not uncommon for ...
TSX steady as investors digest Fed, eye Scottish vote TORONTO: Canada's main stock index was little changed on Thursday as a drop in gold-mining shares on weakness in the price of bullion offset gains in most other sectors, while investors continued to digest US Federal Reserve comments on its policy outlook.The Fed renewed its pledge on Wednesday to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving on interest ...
US stocks rise as market awaits Scotland vote result NEW YORK: Wall Street stocks moved higher Thursday in early trade following mixed US economic data as the market awaited the outcome of Scotland's independence referendum.About 35 minutes into trade, the Dow Jones Industrial Average advanced 67.21 points (0.39 percent) to 17,224.06, building on Wednesday's record after the Federal Reserve signaled it would keep interest rates near zero well into 2015. The broad-based S&P 500 rose 7.61 (0.38 percent) to 2,009.18, while the tech-rich Nasdaq ...
Indian shares gain most in over three months MUMBAI: Indian shares surged nearly 2 percent on Thursday, posting their biggest daily gain in over three months, on hopes foreign buying would continue as country can better weather any Fed-related volatility due to improving fundamentals.Traders said a report from news channel Zee Business that Standard & Poor's would raise its rating on India had also boosted shares. S&P officials were not immediately reachable for comment.However, analysts say a full grade upgrade is unlikely given ...

 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln