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Monte Paschi shares fall on capital worries MILAN: Shares in Banca Monte dei Paschi di Siena fell more than 2 percent in early trade on Friday, underperfoming a flat Milan stock market, as capital-raising woes continued to weigh on the troubled Italian lender. "The stock is still digesting reports yesterday it can't get away the sale of its consumer credit unit," a Milan trader said.Monte Paschi needs to plug a hole in its capital base following the results of a euro zone health check of European banks.It is planning a cash call of up to 2.5 billion euros which could be in March or May next year. "The shares continue to underperform the sector in view of the new significant and dilutive capital increase," local broker ICBPI said in a note.At 0830 GMT Monte Paschi shares were down 2.2 percent at 0.5085 while the European banking index was up 0.9 percent.Copyright Reuters, 2014 ...

Britain's FTSE could score biggest weekly rise in two years LONDON: Britain's top equity index was on track for its biggest weekly gain in two years on Friday, led by recent laggards such as insurer Aviva and media group WPP, as analysts recommended snapping up battered shares after a recent selloff. Barclays, which had fallen 11.6 percent in just over a week, rose 1.4 percent after the judge overseeing New York state's lawsuit accusing it of fraud in its alternative trading system raised questions about ...
Rouble's bounce draws investors back to emerging assets LONDON: Emerging-market stocks were set for their first weekly gain of the month and currencies were steady to higher on Friday, helped by a stabilisation of Russia's beaten-up rouble and a four-year high for Chinese shares. Following gains of more than 2 percent on Wall Street, the MSCI Emerging stocks index rose 0.8 percent as European investors finally found enough confidence to chase buoyant Asian markets after another wild week of swings.Russia's battered rouble was ...
Britain's FTSE set for biggest weekly rise in two years LONDON: Britain's top equity index was on track for its biggest weekly gain in two years on Friday, led by recent laggards such as insurer Aviva and media group WPP , as analysts recommended snapping up battered shares after a recent selloff.Fund managers and traders cited a gradual wind-down in trading activity as investors cut risk before the holiday season. British supermarket chain Tesco, which has been trading at levels not seen since 2003, was ...
European shares hit by drop in Italian banks, taking shine off rally LONDON: European stocks edged lower on Friday, reversing an early rise, as Italian banks came under pressure from a downgrade by S&P and Swiss drugmaker Roche saw two major drugs fail tests. The FTSEurofirst 300 index of top European shares was down 0.1 percent tot 1,355.47 points at 1113 GMT, retreating after a 3 percent advance on Thursday. The index was still set for a 2.6 percent rise this week, its biggest weekly gain in ...
Alstom shareholders back 12.35bn eur sale of power arm to GE PARIS: Alstom shareholders on Friday backed with 99.2 percent of votes the French engineering group's plan to sell most of its power equipment business to General Electric and refocus on its smaller rail arm. Alstom had said last month it could return up to 4 billion euros ($4.92 billion) in cash to shareholders from the 12.35 billion euro deal, struck with the US industrial giant in June after a two-month tug-of-war with the French government. ...
European stocks set for biggest weekly gain of 2014 LONDON: A three-day rally in world share markets started to peter out on Friday as worries emerged that the European Central Bank's money printing plans could come with a number of restrictive strings attached.Officials speaking to Reuters on condition of anonymity said the ECB may require countries such as Greece or Portugal to set aside extra money or provisions to cover potential losses from any bond-buying it embarks on next year. Concern that this could ...

 



 
IndexClosingChg%
ArrowDJIA 17,804.80 0.15
ArrowNasdaq 4,765.38 0.36
ArrowS&P 2,070.65 0.46
ArrowFTSE 6,545.27 1.23
ArrowDAX 9,786.96 0.25
ArrowCAC-40 4,241.65 0.18
ArrowNikkei 17,621.40 2.39
ArrowH.Seng 23,116.63 1.25
ArrowSensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln