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Stock rout costs China's richest man $3.6bn in one day BEIJING: China's richest man lost $3.6 billion in a single day after global stock markets tanked and Chinese markets erased all their gains for the year.Wang Jianlin, chairman and founder of property and entertainment company Dalian Wanda, lost more than 10 percent of his total wealth on Monday, according to the Bloomberg Billionaires Index, which tracks the world's richest people. Shanghai shares Monday collapsed by 8.49 percent, the biggest daily loss since 2007, sparking a vast sell-off in global financial markets as concerns mounted that a slowdown in the world's second-largest economy could hurt global growth. Shanghai fell an additional 7.63 percent on Tuesday.The close was the lowest since December 15 last year -- and below the symbolically significant 3,000 point mark -- while Bloomberg News said it marked the steepest four-day rout since 1996. Wang was the biggest loser at the end of trading on Monday, according to the ...

Asian stocks tremble as Shanghai extends rout HONG KONG: Asian shares were mixed after a see-saw session on Tuesday, with Tokyo and Hong Kong diving as Shanghai extended its worst rout in almost 20 years, while other regional markets bounced into positive territory.The dollar was weak against other currencies and oil prices remained in the doldrums after finishing Monday below $40 a barrel for the first time in six years.Tokyo dropped nearly 4.0 percent to close 733.98 points lower at 17,806.70 -- ...
Tokyo stocks tumble almost 4pc as Hong Kong, Shanghai slump TOKYO: Tokyo's benchmark index dived nearly 4.0 percent to close at a fresh six-month low Tuesday, erasing a morning rebound as Hong Kong and Shanghai extended losses on worries over China's stalling growth.In wild trading, the Nikkei 225 at the Tokyo Stock exchange ended 733.98 points lower at 17,806.70 -- its sixth-straight losing session and the lowest finish since mid-February -- after briefly clawing back into positive territory by the midday break.The broader Topix index ...
India's shares gains in choppy trade; VIX hits 15-month high MUMBAI: Indian shares swung between gains and losses on Tuesday amid continued concerns about the spillover impact from dropping equity markets in China.India's volatility index, often called a fear gauge, was up 5 percent after earlier hitting its highest level since May 2014. The gauge surged 64.4 percent on Monday.The broader NSE index was up 0.51 percent at 1000 India time (0430 GMT) after falling as much as 0.15 percent and gaining as much as ...
Indonesia stock exchange caps daily share price declines at 10pc JAKARTA: Indonesia's stock exchange on Tuesday changed the daily limit on how much shares can fall to a maximum of 10 percent, in the latest move by authorities to try to cushion the impact of global market volatility. Daily limits on losses had previously ranged from 20 to 35 percent, it said in a statement. The cap on upper daily price moves will be kept at between 20 percent to 35 percent.Indonesia's stock index is ...
Hong Kong stocks rise 1.62pc by the break HONG KONG: Hong Kong stocks rose 1.62 percent by the break on Tuesday, clawing back early losses as regional markets bounced back from a global rout in financial markets.The benchmark Hang Seng Index added 344.17 points to 21,595.74 by the end of morning trading on turnover of HK$68.82 billion ($8.88 billion).Copyright AFP (Agence France-Presse), 2015 ...
Hong Kong stocks open 0.67pc lower HONG KONG: Hong Kong stocks fell 0.67 percent in early trade Tuesday, continuing a rout in world equities markets that have been battered by mounting concerns over global growth. The benchmark Hang Seng Index dropped 142.86 points to 21,108.71 in opening deals.Copyright AFP (Agence France-Presse), 2015 ...


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