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European stocks advance as Fed hints at rate rise LONDON: European stock markets climbed on Thursday, cheered by hints the US Federal Reserve could raise interest rates sooner than expected in view of US growth, despite mixed eurozone data.London's benchmark FTSE 100 index rose 0.19 percent to 6,768.30 points in mid-afternoon deals in the British capital.Frankfurt's DAX 30 gained 0.46 percent to 9,357.23 points and in Paris the CAC 40 index won 0.83 percent to 4,275.90 compared with Wednesday's close."European equities have opened higher today after the Fed kept the market happy," said Spreadex trader David White.Minutes from the July 29-30 Fed meeting showed policy makers increasingly at odds over how strong the US labour market is and what that means for inflation -- a key issue in planning rate rises next year.The intensifying debate signalled an increased, albeit still measured, level of hawkish sentiment in the Fed that could speed up any rate rise, dealers said."We're certainly seeing ...

Russian shares edge up, VTB shrugs off weak results MOSCOW: Russian shares moved slightly higher on Thursday, extending a nine-day rally, with VTB Bank shrugging off disappointing first half results to outperform the market.At 0930 GMT, the dollar-denominated RTS index was up 0.1 percent to 1,259 points, while the rouble-based MICEX traded 0.3 percent higher at 1,452 points.Analysts said the rally was linked to hopes of a de-escalation of the crisis in neighbouring Ukraine. Russian President Vladimir Putin and Ukrainian President Petro Poroshenko were ...
Healthcare stocks lift UK's FTSE 100 LONDON: Britain's top equity index rose on Thursday on gains in healthcare stocks, led by AstraZeneca on speculation rejected US suitor Pfizer might make another bid.AstraZeneca rose 2.3 percent while domestic rival GlaxoSmithKline advanced by 1.4 percent, adding the most points to the FTSE 100.Beaufort Securities sales trader Basil Petrides said there was a good chance Pfizer would come back with a new bid, and that shareholders would put pressure on AstraZeneca to respond. "AstraZeneca ...
Euro steadies at 11-month low as dollar reigns LONDON: Some reassuring data from Germany eased pressure on the euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high.Share markets also got a lift from the PMI report, which showed the German private sector grew for a 16th month running in August. Stocks had started the day looking flat after a disappointing survey on Chinese manufacturing overnight.The German data suggested Europe's largest ...
German data helps Europe shares extend 2-week rally PARIS: European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch.At 1115 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,352.52 points, reaching a level not seen since late July.Markit's flash composite Purchasing Managers' Index (PMI) for Germany -- which tracks growth in the manufacturing and service ...
Germany's DAX climbs to 3-week high, European shares up LONDON: European shares rose on Thursday, with Germany's DAX index climbing to a three-week high after a survey showed the country's private sector grew for the 16th month running in August.The DAX rose 0.5 percent to 9,355.57 points by 0826 GMT after the PMI survey raised expectations that Europe's largest economy could expand robustly in the third quarter after it suffered a surprise contraction in the second."It's a relief rally. There were concerns that the ...
European shares edge lower, miners weigh LONDON: European equities edged lower in early trading on Thursday, with miners slipping after a disappointing manufacturing survey from China, the world's biggest metals consumer. The STOXX Europe 600 Basic Resources index fell 0.8 percent, the biggest sectoral decliner in Europe, after the HSBC/Markit Flash China Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 in August from July's 18-month high of 51.7, badly missing a Reuters forecast of 51.5. Miners Rio Tinto, BHP Billiton and ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln