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Australia's RBA cuts rates to record low, market hankers for more SYDNEY: Australia's central bank cut its cash rate to an all-time trough of 2.25 percent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward pressure on the local dollar.The currency duly sank more than a full US cent after the Reserve Bank of Australia (RBA) ended its first policy meeting of the year by announcing the quarter point cut."Overall, the Bank's assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher, than earlier expected," said RBA Governor Glenn Stevens in a brief statement."This action is expected to add some further support to demand, so as to foster sustainable growth and inflation outcomes consistent with the target."Markets had been leaning toward a cut this week, though only 9 of 29 analysts in a Reuters poll had tipped ...

Australian shares rise on hopes of Europe stimulus package SYDNEY: Australian shares rose for a second session on Thursday as investors wagered the European Central Bank will unveil a stimulus package later in the day, while a rebound in oil and copper prices shored up the resources sector.The S&P/ASX 200 index rose 26.5 points or 0.5 percent to close at 5,419.9.New Zealand's benchmark NZX 50 index fell 25.7 points or 0.5 percent to finish the session at 5,647.1.Copyright Reuters, 2015 ...
Australia shares pare gains but end higher SYDNEY: Australian shares pared gains to close 0.2 percent higher on Monday as consumer staples and telecom stocks came under pressure in afternoon trades and as investors turned anxious ahead of economic data from China.The S&P/ASX 200 index came off highs to rise 9.86 points to 5,309.10 at the close of trade. The benchmark fell 0.6 percent on Friday and posted its biggest weekly drop since June 2013.Ozforex was the worst performer on the index. ...
Australia shares pare loses on better jobs data SYDNEY: Australian shares pared early losses to pull back from lows on Thursday, helped by robust jobs data and gains in energy-related shares after oil futures rebounded overnight.The S&P/ASX 200 index dropped 22.2 points, or 0.4 percent, to 5,331.4 at the close of trade, after falling 1 percent on Wednesday. The the declines sustain the current pace over Friday, it would mark the worst weekly performance since June 2013.The benchmark, which barely moved in 2014, ...
Australian shares slip on lower oil prices, NZ outperforms SYDNEY/WELLINGTON: Australian shares fell for a second session on Tuesday with investors giving some of the mining and energy shares a wide berth amid weakness in oil and iron ore prices. The benchmark S&P/ASX 200 index was down 0.6 percent, or 32.2 points, at 5,390.5 at 0156 GMT, extending a 0.8 percent decline in the previous session. Oil explorers and producers including Senex, Karoon Gas and AWE all suffered falls of between 3 and 5 ...
Australian shares end lower as weak commodity prices weigh SYDNEY: Australian shares closed lower for a second day on Tuesday with energy firms and iron ore miners pressured by weak commodity prices. The benchmark S&P/ASX 200 index fell 0.3 percent, or 18.00 points, to 5,404.7, taking losses since Monday to 1.1 percent. Mount Gibson Iron and Atlas Iron both tumbled 11 percent. Oil explorers and producers were also hit hard with Horizon Oil ending 7.1 percent lower. In contrast, investors snapped up gold miners ...
Australia shares fall as oil, iron slide outweighs upbeat jobs data SYDNEY: Australian shares fell on Monday as investors looked past upbeat domestic employment data and sold down resource sectors following continued weakness in the prices of oil and iron ore. Weak US jobs data and a negative lead from offshore equities markets also weighed down the bourse with most major sectors declining by mid-session. The S&P/ASX 200 index ended down 42.9 points or 0.8 percent at 5,422.7. New Zealand's benchmark NZX 50 index rose 0.4 ...


Index Closing Chg%
Arrow DJIA 17,619.51 0.13
Arrow Nasdaq 4,986.87 0.57
Arrow S&P 2,063.11 0.27
Arrow FTSE 6,520.98 1.50
Arrow DAX 10,944.97 1.25
Arrow CAC-40 4,790.20 1.63
Arrow Nikkei 20,235.73 0.63
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 27,780.83 0.49

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln