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European markets mixed after early rally LONDON: Europe's main stock markets jumped out of the blocks early Friday as investors welcomed news that Scotland voted to reject independence from the United Kingdom, but ended the week mixed. London's benchmark FTSE 100 index, after impressive morning gains, closed up 0.27 percent to 6,837.92 points.In Paris, the CAC 40 slipped 0.08 percent to 4,461.22 points, while Frankfurt's DAX index ended virtually unchanged, edging up 0.01 percent to 9,799.26 points.Sterling hit a two-year euro high in anticipation of victory for the "No" campaign before recoiling. Markets were mixed on Wall Street."After the initial jubilation, traders have been wary of getting too excited about the (Scotland) result," said Tony Cross, market analyst at Trustnet Direct. "Perhaps most telling is the fact that the pound has retreated from earlier highs... there's uncertainty and as we well know, this isn't what the markets want to see."Scotland rejected independence in a referendum that ...

Russian stocks fall as economic concern mounts MOSCOW: Russian shares fell on Friday, bucking the trend on other stock markets, amid concern that Western sanctions over Ukraine are imposing a heavy toll on Russia's economy. At 0800 GMT, the dollar-denominated RTS index was down 0.6 percent to 1,180 points. The rouble-based MICEX was 0.7 percent lower at 1,439 points. Analysts said the Russian market was reacting to calls for the West to toughen sanctions against Russia over the Ukraine crisis. On Thursday, ...
British markets breathe sigh of relief as Scots vote ‘No’ LONDON: British stocks were set to open higher on Friday while previously inflated bets on high volatility in the currency market over the next week fell away as the "No" camp looked set for victory in Scotland's independence referendum. Scotland's First Minister Alex Salmond conceded defeat in the vote after the bulk of results had leant towards "No". Sterling, already pushed up on Thursday by speculation on markets that Salmond's nationalists had fallen short of ...
Dollar hits six-year peak versus yen, ECB loan demand disappoints LONDON: The dollar hit its highest levels in more than six years against the yen and four years against other major currencies on Thursday as markets eyed the widening policy split between the United States and other rich nations. The US Federal Reserve's outlook for rising interest rates had already illustrated the diverging path from other advanced economies but it was underscored even more firmly in Europe as the ECB opened its liquidity taps again.Lacklustre ...
European shares hit two-week high, Scottish vote drags on FTSE LONDON: European equities advanced on Thursday, with a key index climbing to a two-week high after the U.S. Federal Reserve renewed its pledge to keep interest rates ultra-low for a considerable time.British shares underperformed as voting got underway in Scotland's referendum on independence, keeping investors on edge ahead of the result on Friday.The FTSEurofirst 300 index of top European shares was up 1 percent at 1,399.09 points by 1401 GMT after rising up to 1,399.19, ...
European stocks climb with focus on Fed, Scotland LONDON: Europe's stock markets rose on Thursday, mirroring Fed-inspired gains overnight on Wall Street, but with attention focused on Scotland where an independence referendum is under way.London's benchmark FTSE 100 index added 0.45 percent to 6,811.18 points, while the British pound gained despite uncertainty over the outcome of the Scottish vote.In mid-afternoon deals in Paris, the CAC 40 index gained 0.75 percent to stand at 4,464.59 points and Frankfurt's DAX 30 advanced 1.11 percent to ...
Oil trades below $99, ample supplies weigh LONDON: Oil traded lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.S. dollar.Global benchmark Brent crude fell below $100 a barrel last week for the first time in more than a year, and hit a 26-month low on Monday, after data showing a slowdown in China's factory output raised demand concerns.Brent was down ...


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

Banking Review 2013

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln