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European stocks driven back by Greek worries and weak corporate figures LONDON: Renewed concern over Greece and weak results at companies such as Siemens and Philips put an end to a winning run for European stock markets on Tuesday. The pan-European FTSEurofirst 300 index, which had risen for the past eight sessions, closed down by 0.8 percent at 1,475.84 points.The euro zone's blue-chip Euro STOXX 50 index also declined 1.2 percent after a similar eight-day winning streak.Those gains were ignited by the European Central Bank's plans to buy government bonds to spur growth in the struggling euro zone economy. Greek shares underperformed for the second day in a row. The benchmark Athens ATG equity index closed down 3.7 percent and Greece's borrowing costs rose. Investors were worried Greece's new anti-bailout government would clash with the European Union over the terms of Greek's bailout. Syriza, the party that won Greece's election on Sunday, opposes those terms. Fears that investors could move deposits ...

Britain's FTSE slips from four-month high; banks weigh LONDON: Britain's blue-chip equity index ended lower on Tuesday after an eight-session run to a four-month high, with banks slipping on concerns the Greek crisis could spread and miners tracking weaker metals prices.Mid-cap oil producer Afren plunged 71 percent after saying it was in talks with its largest bondholders over its liquidity and funding needs. The benchmark FTSE 100 index ended 0.6 percent lower at 6,811.61 points, also reacting to UK data showing gross domestic ...
Oil producer Afren shares slump amid warning of imminent default LONDON: Oil producer Afren Plc's shares tumbled 72 percent on Tuesday after it said it had entered talks with its largest bondholders over immediate fund shortages, prompting dent ratings agency Fitch to warn of its imminent default.Tuesday's rout takes the decline in Afren shares to 97 percent since July, when the London-listed company suspended its chief executive and chief operating officer. Afren also said it was considering a 30-day delay to the payment of a ...
Athens stocks plunge on fears over bailout repayments ATHENS: The Athens stock market plunged more than six percent on Tuesday before recovering slightly at the close as investors fretted over whether the new radical left government will renege on Greece's international bailout.The main Athex index was down 6.39 percent in early trading, reaching a low of 761 points, before recovering to 783 points, off 3.69 percent at the close. The anti-austerity government of Prime Minister Alexis Tsipras, elected Sunday, is set on a ...
Greek fears, US data dampen European stocks LONDON: Anxiety over Greece's new anti-austerity leadership and unexpectedly poor US performance data weighed down European stock markets on Tuesday, analysts said.Frankfurt's DAX 30 index sank 1.57 percent to close at 10,628.58 points, while in Paris the CAC 40 shed 1.09 percent to 4,624.21 points.London's benchmark FTSE 100 index of top companies edged down 0.6 percent to end the day at 6,811.61 points, as investors also digested data showing Britain's economic growth slowed to 0.5 ...
Stocks fall as US earnings disappoint; euro up vs dollar LONDON: Global stock indexes fell on Tuesday following disappointing earnings results and weaker-than-expected US durable goods orders, while the euro rose for a second day against the dollar.All three major U.S. stock indexes were down around 2 percent in early trading.Shares of Microsoft and Caterpillar weighed on U.S. stocks. Microsoft's results showed the main engine of its historic earnings power, selling Windows and Office software to big businesses, is waning. Caterpillar's quarterly profit came in ...
FTSE falls from four-month high; commodities shares weigh LONDON: Britain's top equity index fell on Tuesday after rising for eight straight sessions to a four-month high, with commodities shares losing ground on weaker metals and oil prices.Mid-cap oil producer Afren plunged 66 percent after saying it was in talks with its largest bondholders over its liquidity and funding needs.The blue-chip FTSE 100 index was down 1 percent at 6,781.81 points by 1550 GMT, after rising for more than a week mostly on expectations ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln