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Wall St edges up ahead of Fed statement NEW YORK: US stocks were rising slightly late on Wednesday morning ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.Materials sector shares were leading the advance, with DuPont up 4.3 percent at $68.64 after activist investor Nelson Peltz's Trian Fund Management, among the biggest shareholders in the company, urged it to separate its high-growth businesses from those with strong cash flows.The broader market focused on the Fed as it concludes a two-day policy meeting. It is expected to provide indications on how soon it may lift interest rates as it prepares for a shift in stance after years of near-zero interest rates.The market has overreacted with its hawkish expectations from the Fed, according to Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California.Fed Chair Janet Yellen "has consistently been very ...

Wall St ends up as views shift on Fed's next move NEW YORK: US stocks ended higher on Tuesday, with the S&P 500 notching its best performance in a month after a news report shifted investor expectations for the Federal Reserve's policy statement Wednesday. Based on the latest available data, the Dow Jones industrial average rose 100.96 points, or 0.59 percent, to 17,132.1, the S&P 500 gained 14.87 points, or 0.75 percent, to 1,999 and the Nasdaq Composite added 33.86 points, or 0.75 percent, to 4,552.76.Copyright ...
Microsoft boosts dividend 11pc, adds new directors SEATTLE: Microsoft Corp on Tuesday announced the smallest percentage increase in its quarterly dividend since 2009 and appointed new directors to replace two board members who decided not to seek re-election. The increase, 11 percent to 31 cents per share, is in line with the software company's revenue growth last fiscal year but half of last year's 22 percent hike.Microsoft, like rival Apple Inc, has been under pressure from activist shareholders to hand back more ...
Wall St higher on uncertainty over Fed's next move NEW YORK: US stocks were rising on Tuesday with markets reacting to wavering expectations over the language the Federal Reserve will use Wednesday to describe its future interest rate policy.Major indexes hit session highs in early afternoon, with participants citing a report in the Wall Street Journal as an indication the Fed would be if not dovish, at least less hawkish than some expect."Investors are getting squirrelly going into tomorrow's meeting, which we believe is ...
Stocks turn higher ahead of Fed meeting, oil up NEW YORK: Stock markets around the world rose on Tuesday, adding to earlier gains as investors bet that the U.S. Federal Reserve wouldn't adjust guidance about how soon the central bank would raise interest rates.There had been speculation that the Federal Reserve could raise interest rates sooner and faster than previously predicted, a theory that has supported the U.S. dollar and pressured equities of late, though U.S. indexes remain near record levels. However, those concerns ...
TSX edges lower as investors eye Fed meeting TORONTO: Canada's main stock index declined slightly on Tuesday as investors appeared hesitant to take major positions ahead of a key US Federal Reserve policy meeting.Investors expect the Fed to provide more clarity on interest rates at the end of a two-day policy meeting on Wednesday, with increasing speculation that the central bank might raise rates earlier than had been thought.The Toronto stock market was also wary ahead of a press conference by Bank of ...
Wall St ticks higher, led by energy; Apple drags NEW YORK: US stocks were rising on Tuesday, with energy stocks posting their best day in more than a month as crude prices bounced back.A 1.7 percent decline in Apple shares, however, kept the S&P's tech sector little changed and pressured the Nasdaq.Traders eyed a two-day Federal Reserve policy meeting which began Tuesday for clues on the short-term direction of U.S. interest rates. The Fed will release a statement Wednesday at 2:00 p.m. EDT (1800 ...


Index Closing Chg%
Arrow DJIA 17,156.85 0.15
Arrow Nasdaq 4,562.19 0.21
Arrow S&P 2,001.57 0.13
Arrow FTSE 6,780.90 0.17
Arrow DAX 9,661.50 0.30
Arrow CAC-40 4,431.41 0.50
Arrow Nikkei 15,888.67 0.14
Arrow H.Seng 24,376.41 1.00
Arrow Sensex 26,631.29 0.52

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln