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Great fall of China sinks world stocks, dollar tumbles LONDON: Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. European stocks were more than 5 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year lows as a three month-long rout in Chinese equities threatened to get out of hand. Oil plunged another 4 percent, while safe-haven government US an German bonds and the yen and the euro rallied as widespread fears of a China-led global economic slowdown and currency war kicked in. "It is a China driven macro panic," said Didier Duret, chief investment officer at ABN Amro. "Volatility will persist until we see better data there or strong policy action through forceful monetary easing." Many traders had hoped that such support measures, which could include an interest rate cut, ...

Brussels shares tumble 5pc in China-driven sell-off BRUSSELS: The Brussels stock market tumbled 5.2 percent on Monday with investors shaken by the rout in Asian markets over the cooling Chinese economy.The Bel 20 index fell by 5.2 percent in mid-day trade to 3258.59 points, led by a nearly seven percent fall by retailer Delhaize, a dominant player in Europe and the US. Copyright AFP (Agence France-Presse), 2015 ...
European shares fall sharply after China factory contraction LONDON: European shares fell sharply on Friday, tracking a drop in Asian equity markets and US stock futures after a survey showed Chinese factories contracted at their fastest pace since the global financial crisis in 2009.The pan-European FTSEurofirst 300 was down 1.6 percent at 1,453.62 by 0703 GMT, hitting its lowest level since January and set for its biggest weekly fall of the year.The Caixin/Markit manufacturing index showed activity in China's factory sector shrank at ...
European stocks slump on China's economic woes LONDON: European stock markets fell on Thursday, weighed down by concerns over the health of China's economy and sliding oil prices.London's benchmark FTSE 100 index closed down 0.56 percent compared with Wednesday's close at 6,367.89 points. In the eurozone, the CAC 40 in Paris sank 2.06 percent to end the day at 4,783.55 points, while Frankfurt's DAX 30 dropped 2.34 percent to finish at 10,432.19 points. In foreign exchange, the euro jumped to $1.1210 from ...
European stocks finish lower on China woes LONDON: European stock markets closed lower on Wednesday, dragged down by volatile trading in Shanghai amid concerns over China, the world's second biggest economy.Shanghai's index managed to close 1.23 percent higher, thanks to late bargain hunting after a more than five percent plunge in morning trade.London's benchmark FTSE 100 index finished the day down 1.88 percent at 6,403.45 points in the British capital.Frankfurt's DAX 30 ended 2.14 percent lower at 10,682.15 points and the CAC ...
European stocks drop on China woes LONDON: European stock markets slid on Wednesday, dragged down by volatile trading in Shanghai amid concerns over the world's second biggest economy China, traders said.Shanghai's index managed to close 1.23 percent higher, thanks to late bargain hunting after a more than five percent plunge in morning trade.London's benchmark FTSE 100 index fell 1.02 percent to stand at 6,459.87 points during mid-afternoon trade in the capital.Frankfurt's DAX 30 dropped 1.49 percent to 10,753.58 points and the ...
European stocks fall, Carlsberg slumps LONDON: European stock markets fell on Wednesday, extending a recent losing streak on the back of persistent worries over China, while drinks group Carlsberg slumped after cutting its outlook.The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell by 0.6 percent.Carlsberg was the worst-performer on the FTSEurofirst index, falling 7 percent after the brewing company cut its profit forecast.Copyright Reuters, 2015 ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln