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European shares edge lower, commodity stocks weigh LONDON: European shares fell slightly after hitting a one-week high on Friday, with commodity stocks leading the market lower after prices of crude oil and major industrial metals dropped on supply-demand concerns. The European oil and gas index fell 1 percent as oil prices fell after producers' cartel OPEC indicated there would be no output cuts despite a huge global oversupply, while the STOXX Europe 600 basic resources index was down 1.8 percent after copper fell on lingering worries about the metals' demand in top consumer China."Concerning China, all eyes are on the release of tomorrow's important manufacturing and non-manufacturing PMIs. Further indications that the economy is still not anywhere close to turning the corner could certainly spook Chinese stocks again," Markus Huber, senior analyst at Peregrine & Black, said. A sharp sell-off in Chinese shares over the past weeks have stoked concerns about a growth slowdown in the world's ...

Britain's FTSE slips as mining stocks weaken LONDON: Britain's top equity index edge down on Friday as a pullback in mining stocks weighed on the market, which had risen for the last three sessions in a row. The blue-chip FTSE 100 index was down 0.1 percent at 6,661.53 points going into the middle of the trading session. Mining stocks such as Antofagasta and Glencore were among the worst performers as copper and metals prices dropped on persistent worries about demand in China. ...
European stock markets inch up at open LONDON: European stocks inched up at the start of trading on Friday following a healthy batch of growth data out of the United States and as investors awaited eurozone inflation and jobs data.London's benchmark FTSE 100 index rose 0.23 percent to 6,684.32 points, while in Paris the CAC 40 was up 0.34 percent at 5,063.47 points.In Germany, Frankfurt's DAX 30 rose 0.13 percent to 11,271.31.The US Commerce Department on Thursday said the world's top economy ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,745.98 0.03
Arrow Nasdaq 5,128.79 0.33
Arrow S&P 2,108.63 0.01
Arrow FTSE 6,668.87 0.57
Arrow DAX 11,257.15 0.40
Arrow CAC-40 5,046.42 0.58
Arrow Nikkei 20,522.83 1.08
Arrow H.Seng 24,497.98 0.49
Arrow Sensex 27,705.35 0.51

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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