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UK's FTSE ends week with a whimper as commodity stocks fall LONDON: Britain's main equity index fell for a fourth day on Friday, pulled down by commodity stocks as iron ore prices plunged and as a stronger US dollar weighed on mining shares. Energy shares such as BP and Royal Dutch Shell dipped too with lower oil prices, although cruise ship company Carnival rose 7.2 percent after posting higher-than-expected profits.The blue-chip FTSE 100 index, which hit a record intraday high of 7,065.08 points on Tuesday, fell 0.6 percent to 6,855.02 points. The FTSE recorded a weekly loss of 2.4 percent but remains up 4.4 percent so far this year. Iron ore futures slid on the prospect that global producers would continue to lift output in a well supplied market.The head of Rio Tinto, the world's second-largest iron ore extractor, dismissed as "harebrained" a suggestion by smaller rival Fortescue Metals that miners should cap output to boost prices. Rio Tinto fell 2.4 ...

European shares post 2015's biggest weekly fall despite Novo Nordisk surge LONDON: A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk.By the close, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,576.86 points, but down 2.1 percent for the week -- the biggest weekly drop for the index since December. European stocks had tumbled in ...
Europe stocks close mixed PARIS: Europe's main stock markets closed mixed on Friday, with London's benchmark FTSE 100 index ending the day down 0.58 percent at 6,855.02 points.Frankfurt's DAX 30 index added 0.21 percent to 11,868.33 points, while the CAC 40 in Paris rose 0.55 percent to 5,034.06 points.Copyright AFP (Agence France-Presse), 2015 ...
Genfit shares drop as much as 42pc after liver disease drug fails trial PARIS: Shares in French drugmaker Genfit opened down 42 percent on Friday after its liver disease drug failed a mid-stage trial.By 0844 GMT, the stock had recovered some ground to stand down 33 percent, nearly wiping out gains so far this year.The company was worth 1.23 billion euros ($1.33 billion) at the close of trading on Thursday Genfit said on Thursday that its treatment for liver disease NASH had failed a midstage trial due to ...
European stocks rise at open LONDON: Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index climbing 0.19 percent to 6,908.13 points.Frankfurt's DAX 30 index gained 0.63 percent to 11,918.79 points and the CAC 40 in Paris advanced 0.27 percent to 5,020.09 compared with Thursday's close.Copyright AFP (Agence France-Presse), 2015 ...
Kion shares in placement may be priced at Thursday close FRANKFURT: Shares in German forklift truck maker Kion, being sold by Goldman Sachs and KKR, may be priced at Thursday's market close of 38.15 euros ($41) a share, a person familiar with the transaction said on Friday. "The original price guidance was 37 euros to market close. but the guidance has just been updated and orders below market close risk losing out," the person said.Goldman Sachs and buyout group KKR said on Thursday that they ...
Britain's FTSE falls for 3rd day as tech, travel stocks are hit LONDON: Britain's top share index fell sharply on Thursday, led by tech stocks as investors grew nervous about their declining growth prospects and rich valuations.Britain's FTSE 100 closed 1.4 percent lower at 6,895.33 points, bringing the drop since a record high hit on Tuesday to 2.4 percent.Analysts at Citigroup on Thursday cut their forecasts for the smartphone sector and target prices on stocks highly exposed to China, the world's largest phone market, including Britain's ARM, ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyMarch 13, 2015
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