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Great fall of China sinks world stocks, dollar NEW YORK: World stock markets plunged on Monday, as a near 9-percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exit. The Dow Jones Industrial Average dropped more than 1,000 points as Wall Street opened, and the benchmark Standard & Poor's 500 index slid more than 2.5 percent, a drop that puts it nearly 10 percent below its record high. A key measure of US equity volatility, the CBOE Volatility Index, or VIX, shot above the 50 mark for the first time since 2009, and the New York Stock Exchange was forced to implement special price-indication measures to allow for a more fluid start to trading. European stocks were more than 4.7 percent in the red after Asian shares slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand. Oil plunged ...

Latin American stocks fall on China plunge SAO PAULO: Stocks in Brazil and Mexico, Latin America's two largest exchanges, fell sharply Monday as plunging Chinese shares unleashed fresh turmoil on global markets.Sao Paulo's IBOVESPA stock index fell 6.49 percent in opening trade before recovering slightly, with shares down 4.5 percent to 43,647 points at mid-morning.Mexico's IPC index meanwhile lost 2.18 percent, to 41,286.20 points.The losses appeared to be driven by concern over shrinking Chinese demand for raw materials.In Brazil, mining giant Vale, ...
Rout continues as TSX plunges 2 percent to 2015 low TORONTO: Canada's main stock index sank more than 2 percent on Thursday, hitting the lowest level of the year, as investor concern about prospects for global economic growth continued to cast a pall over markets.The TSX index suffered its ninth loss in 11 sessions, with most of its main sectors giving up more than 1.5 percent. The healthcare group lost nearly 5 percent."The selling is indiscriminate, it's panic-driven, and it doesn't help that the U.S. ...
TSX sinks over 2pc to 2015 low TORONTO: Canada's main stock index tumbled more than 2 percent on Thursday in a broad-based rout that took energy stocks to their lowest level since 2004.The Toronto Stock Exchange's S&P/TSX composite index fell 299.63 points, or 2.13 percent, to 13,737. The materials sector was the lone gainer, while health care sank nearly 5 percent.Copyright Reuters, 2015 ...
Stocks tumble on China, growth fears; dollar fades NEW YORK: World stock markets tumbled and Brent oil prices remained under pressure on Thursday as another slump in the equity market of China, the world's No. 2 economy, stoked concerns about sluggish global growth.Wall Street was also weighed down by a drop in finance stocks and fell for a third straight session as expectations cooled for a U.S. interest rate hike in September, which also kept the dollar lower.The declines in equities put the ...
US stocks fall on worries about China, oil weakness NEW YORK: US stocks tumbled early Thursday as worries about slumping oil prices and weak growth in China weighed on investor sentiment.About 35 minutes into trade, the Dow Jones Industrial Average was at 17,130.73, down 218.00 points (1.26 percent).The broad-based S&P 500 dropped 23.07 (1.11 percent) to 2,056.54, while the tech-rich Nasdaq Composite Index fell 64.81 (1.29 percent) to 4,954.24.The losses in the US came on the heels of declines in leading European and Asian ...
US stocks drop on worries about China, low oil prices NEW YORK: US stocks fell decisively Wednesday, with petroleum-linked equities hit especially hard amid growing fears about the slowing Chinese economy. At the closing bell, the Dow Jones Industrial Average stood at stood at 17,351.60, down 159.74 points (0.91 percent).The broad-based S&P 500 fell 17.10 (0.82 percent) to 2,079.82, while the tech-rich Nasdaq Composite Index sank 40.30 (0.80 percent) to 5,019.05.China worries have dominated trade since the Chinese central bank unexpectedly devalued the currency last ...


Index Closing Chg%
Arrow DJIA 16,654.77 2.27
Arrow Nasdaq 4,812.71 2.45
Arrow S&P 1,987.66 2.43
Arrow FTSE 6,192.03 3.56
Arrow DAX 10,315.62 3.18
Arrow CAC-40 4,658.18 3.49
Arrow Nikkei 18,574.44 1.08
Arrow H.Seng 21,838.54 3.60
Arrow Sensex 26,231.19 2.01

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln