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Hong Kong, Shanghai stocks rally, Hang Seng Index added 1.12pc, or 268.07 points HONG KONG: - Hong Kong and Shanghai stocks climbed Wednesday, with traders still broadly upbeat after last week's surprise Chinese interest rate cut.The Hang Seng Index added 1.12 percent, or 268.07 points, to 24,111.98 on turnover of HK$87.60 billion ($11.30 billion).Friday's announcement by the People's Bank of China to cut the deposit and borrowing rates fuelled hopes that China's leaders will embark on a series of monetary easing measures to drag the economy out of its growth slowdown."We foresee two more cuts in China's benchmark lending rates by the middle of next year," Capital Economics told Dow Jones Newswires. However, it added that it did not expect "the sizeable acceleration in credit that would be needed for a substantial pick-up in GDP growth".Wall Street provided a tepid lead after figures showing the US economy grew more than expected in July-September were offset by a drop in consumer confidence in November.The ...

Asian stocks mostly up after US data HONG KONG: Asian markets were mostly higher Wednesday following better-than-expected US economic growth data and news that Germany had narrowly averted recession.The dollar struggled to resume its uptrend against the yen, with analysts forecasting the pairing were close to finding their plateau.Tokyo dipped 0.14 percent, or 24.04 points, to 17,383.58 but Sydney rallied 1.15 percent, or 61.4 points, to 5,396.2 and Seoul was slightly higher, edging up 0.63 points to close at 1,980.84.Hong Kong added ...
Hong Kong, Shanghai stocks rally HONG KONG: Hong Kong and Shanghai stocks climbed Wednesday, with traders still broadly upbeat after last week's surprise Chinese interest rate cut.The Hang Seng Index added 1.12 percent, or 268.07 points, to 24,111.98 on turnover of HK$87.60 billion ($11.30 billion).In mainland China the benchmark Shanghai Composite Index gained 1.43 percent, or 36.74 points, to 2,604.34 -- the highest since August 2011 -- on turnover of 316.5 billion yuan ($51.6 billion).The Shenzhen Composite Index, which tracks ...
China stocks rise for 5th straight day as financials lead SHANGHAI: China stocks closed up on Wednesday due to gains for brokerages and other finance-sector shares that continued to welcome the central bank's surprise interest rate cut on Friday.It was the fifth straight session of gains in China.The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.4 percent, to 2,723.02, the highest level since February 2013, while the Shanghai Composite Index gained 1.4 percent, to 2,604.35 points, the highest level in ...
Samsung Electronics says to buy back 2.2trn won in shares SEOUL: South Korea's Samsung Electronics Co Ltd said on Wednesday that it will buy back 2.2 trillion won ($1.99 billion) worth of its own shares in order to stabilise its share price and boost shareholder value.Samsung, in a regulatory filing, said the buyback plan includes the purchase of 1.96 trillion won worth of common shares.It plans to buy the shares between Nov. 27 and Feb. 26, 2015.Copyright Reuters, 2014 ...
Tokyo shares end 0.14pc lower, Nikkei 225 index at the TSE edged down 24.04 points TOKYO: Tokyo stocks ended 0.14 percent lower Wednesday after a lacklustre session on Wall Street, while the yen picked up against the dollar.The Nikkei 225 index at the Tokyo Stock Exchange edged down 24.04 points to 17,383.58, while the Topix index of all first-section issues lost 0.20 percent, or 2.75 points, at 1,406.40.The US Commerce Department said Tuesday that third-quarter growth came in at 3.9 percent, up from a previous estimate of 3.5 percent and ...
South Korea to ease stock market rules to bolster trading SEOUL: South Korea said on Wednesday it would double the stock investment ceiling for the country's postal service and also double the daily price movement limit for individual stocks in a bid to boost transaction.Korea Post, which had 105 trillion won ($94.89 billion) in assets under management at the end of 2013, will be allowed to invest up to 20 percent of its 60 trillion won worth of deposited funds in stocks, from 10 percent ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln