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European shares gain after upbeat earnings reports; China still a drag LONDON: European equities enjoyed their third straight day of gains on Thursday with results from Siemens, Nokia and Safran underpinning the signs of recovery. Sentiment was also buoyed by the US Federal Reserve's relatively bright picture of improving labour-market conditions, without appearing any more aggressive than expected on the timing of an interest rate increase. However, concerns over China's growth and emerging markets weighed on companies, among them drinks group Anheuser-Busch InBev. Carmaker Renault warned of a "significant" emerging markets slowdown in 2015. Data from Germany, whose economy is the most export-dependent in Europe, showed an unexpected rise in unemployment in July. Construction company Saint-Gobain said the outlook for its German business remained uncertain. "There seems to be certainly more potential in euro zone (earnings) than in the US ... But markets with a higher domestic exposure should be more rewarding going forward than those that are internationally exposed," said ...

European stock markets climb on earnings, Fed LONDON: European stock markets rose Thursday on company updates and as investors assessed the US Federal Reserve's outlook for the economy.London's benchmark FTSE 100 index gained 0.76 percent to stand at 6,681.61 points in mid-afternoon deals in the British capital.Frankfurt's DAX 30 advanced 0.08 percent to 11,220.98 points and the CAC 40 in Paris was up 0.07 percent to 5,021.07 points compared with Wednesday's close.The euro fell to $1.0938 from $1.0990 late in New York ...
European stock markets climb at open LONDON: Europe's main stock markets rose at the open Thursday on company updates and as investors assessed the US Federal Reserve's outlook for the economy.London's benchmark FTSE 100 index gained 0.64 percent to 6,673.21 points compared with Wednesday's close.Frankfurt's DAX 30 advanced 0.83 percent to 11,305.46 points and the CAC 40 in Paris climbed 0.63 percent to 5,049.24.Asian stock markets mostly closed higher Thursday, tracking a rally in New York, while the dollar advanced after ...
FTSE finishes higher, Hikma and GlaxoSmithKline boost LONDON: Britain's top share index advanced on Wednesday, with Hikma Pharmaceuticals leading the market higher on positive broker comments and GlaxoSmithKline gaining after reporting a lower-than-expected fall in quarterly earnings. Hikma shares were the biggest blue-chip gainers after a target price update from Jefferies, adding 3.7 percent to an 11.6 percent jump on Tuesday, when it announced a deal to buy Boehringer Ingelheim's US generic drugs business Roxane for about $2.65 billion in cash and ...
European stocks close higher PARIS: European equities closed up on Wednesday, with London's FTSE 100 index gaining 1.16 percent to finish at 6,631 points.In the eurozone, the CAC 40 in Paris climbed 0.81 percent to end the day at 5,017.44 points, while Frankfurt's DAX 30 won 0.34 percent to close at 11,211.85 points. Copyright AFP (Agence France-Presse), 2015 ...
Greek stock market to stay shut Wednesday ATHENS: Greece's stock market will not reopen on Wednesday because authorities are still waiting for a ministerial decree to resume trading, a senior official at the country's securities regulator said.The Athens Stock Exchange (ASE) has been shut since June 29 when the government closed its banks and imposed capital controls to prevent them from collapsing in the face of mass withdrawals. The securities regulator's chairman told Reuters on Tuesday that the market could reopen on ...
European shares climb at open LONDON: Europe's main stock markets rose at the open on Wednesday, as traders reacted to a batch of company earnings updates ahead of the Federal Reserve's latest policy statement.London's benchmark FTSE 100 index gained 0.63 percent to 6,596.47 points.Frankfurt's DAX 30 won 0.67 percent to 11,249.30 points and the CAC 40 in Paris advanced 0.58 percent to 5,006.01 compared with Tuesday's close.Copyright AFP (Agence France-Presse), 2015 ...


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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln