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OPEC inaction sends Brent to four-year low, hits stocks LONDON: Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. With markets in the United States due to reopen following Thursday's holiday, futures on major US stock indexes were steady to 0.3 percent lower. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices. Europe's oil benchmark came off its lows to trade at $72.53, but remained poised to shed more than 15 percent in November -- its biggest monthly fall since for six years.US crude was last down 6.5 percent at $68.90.The slump dominated Asian and European trade. European oil & gas stocks dropped 4.3 percent, dragging the pan-European ...

Britain's FTSE hits one-week low as energy stocks slump LONDON: Britain's top share index slipped to a one-week low on Friday, with energy and mining stocks slumping following a further drop in oil prices to a new four-year trough. The UK Oil and Gas index was down 3.9 percent, after touching its lowest level since October 2011. BP, BG Group, Tullow Oil and Royal Dutch Shell fell between 2.9 and 7.6 percent, while mid-cap Premier Oil sank 12 percent. Trade in BG had exceeded ...
Tumbling energy shares halt European stocks' five-day rally LONDON\PARIS: European shares snapped a five-day winning streak on Friday, weighed down by steep falls in energy shares as oil prices hit fresh four-year highs on fears about oversupply. Oil major Statoil, explorer Premier Oil and gas firm BG Group fell by between 7 percent and 12 percent after Brent slipped below $72 following OPEC's decision on Thursday not to cut output, a move investors said would leave oil markets heavily oversupplied. A number of ...
Plunging oil prices hit European stock markets LONDON: European equity markets sank Friday, with the energy sector reeling as world oil prices plummeted to four-year lows following OPEC's decision to hold output.With US financial markets shut on Thursday for Thanksgiving, traders continued to focus on the outcome of this week's OPEC oil cartel meeting.In midday deals, London's benchmark FTSE 100 index fell 0.63 percent to 6,681.56 points, the Paris CAC 40 shed 0.48 percent to 4,361.59 and Frankfurt's DAX 30 lost 0.34 ...
European stocks open mixed LONDON: Europe's main stock markets diverged in opening trade on Friday, with London's benchmark FTSE 100 down 0.29 percent at 6,703.92 points.Frankfurt's DAX 30 index rose 0.16 percent to 9,990.70 points, while the CAC 40 in Paris fell 0.09 percent to 4,378.32 compared with Thursday's close.Copyright AFP (Agence France-Presse), 2014 ...
Bonds in Europe hit record, stocks gain on euro stimulus signs LONDON: German and French government bonds leapt Thursday to record peaks on the prospect of quantitative easing in the struggling eurozone, while stocks also pushed higher.The interest rate or yield on Germany's 10-year bond sank to 0.709 percent, below the previous all time-low of 0.719 percent that was hit last month. France's 10-year note fell to an historic low of 0.997 percent from 1.051 percent on Wednesday. Bond yields and prices move inversely.The European single ...
European shares rise, boosted by Germany's DAX LONDON: European shares rose on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank.The region's indexes were led higher by Germany's DAX , which was up 0.5 percent to outperform peers, rising for its 11th straight session.Germany's unemployment rate touched a record low in November, highlighting the gap between the euro zone's largest economy and its struggling euro zone partners.At the same ...

 



 
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