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Emerging from the ashes, stocks end the week higher LONDON: Emerging markets stocks capped a turnaround from a calamitous China-driven start to the week on Friday with a second day of gains, though was not enough to save them from their worst month in three years.Investors were still on the hunt for bargains following the rout in Chinese and other key emerging economies that had sent global markets into panic on Monday.MSCI's benchmark EM stocks index was up just over 0.6 percent as a second straight 4-5 percent rebound in Shanghai and Beijing markets helped mask more lacklustre performances in eastern Europe and nudge it towards a 0.8 percent weekly rise.But it was still down 9 percent for the month, and momentum of the last few days for commodity producers like Russia had faded as oil cooled after its biggest jump since early 2009.Metals markets were also back in the red, which was expected to put markets like Chile ...

European stocks rise at open LONDON: Europe's stock markets opened higher Friday following strong gains across Asia inspired by revised second quarter figures in the US indicating better economic growth than previously thought.In initial trade, London's benchmark FTSE 100 index gained 0.24 percent to 6,207.05 points.In the eurozone, Frankfurt's DAX 30 edged up 0.20 percent to 9,687.70 and the CAC 40 in Paris crept 0.12 percent higher to 4,663.98 points.European markets rebounded Thursday on comments from Federal Reserve officials throwing ...
Britain's FTSE rallies, U.S. data eases concerns over China LONDON: Britain's top share index rose on Thursday, recouping all of its losses from this week's bruising sell-off after strong U.S. data calmed global markets rocked by concerns over Chinese growth.Britain's FTSE 100 closed up 212.83 points, or 3.6 percent, at 6,192.03, shadowing gains made on Wall Street and in Chinese stocks. It was broadly in line with the pan-European FTSEurofirst 300 index, up 3.7 percent.The U.S. gross domestic product growth number easily beat expectations, ...
Paris stock market jumps over three percent PARIS: Shares in Paris jumped on Thursday, with the leading CAC 40 index up by more than three percent as markets gained ground following a chaotic week fuelled by fears of economic slowdown in China.At 0900 GMT the CAC was up 3.08 percent at 4,639 points, after losing 1.4 percent on Wednesday.Copyright AFP (Agence France-Presse), 2015 ...
Britain's FTSE recovers some of its China losses LONDON: Britain's top share index fell on Wednesday but recovered some of its losses by midday, as worries over China's economy continued to weigh on equities around the world. Data showing an unexpected pick-up in UK retail sales and an increase in mortgage approvals offered encouraging signals on the domestic economy, however. The FTSE 100 index was down 0.9 percent by 1057 GMT, recovering from earlier steeper losses. European equities were broadly in line after ...
European stocks shed more than one percent at open LONDON: Europe's stock markets fell by more than one percent at the open on Wednesday despite gains in Asia, as investor enthusiasm waned over China's interest rate cut.In initial trade, London's benchmark FTSE 100 index lost 1.30 percent to 6,002.28 points, Frankfurt's DAX 30 tumbled 1.69 percent to 9,956.85 and the CAC 40 in Paris sank 1.44 percent to 4,499.23 points.European markets had rebounded Tuesday after China cut interest rates in an attempt to boost ...
Assets rebound, Hungary's central bank holds fire BUDAPEST: Central European assets recouped part of the previous session's sharp losses on Tuesday as some Asian stocks also rebounded.Stocks in the European Union's emerging markets extended gains after China cut rates to help its stuttering economy and try to calm its financial markets.The forint was flat at 312.65 against the euro at 1337 GMT after Hungary's central bank kept interest rates on hold at record lows as expected.The forint had already rebounded late in ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln