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Franc falls as Swiss go sub-zero; stocks jump after Fed LONDON: The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.European shares opened sharply higher after an upbeat assessment of the U.S. economy and a promise to be patient in raising rates by the Federal Reserve had seen U.S. stocks enjoy their strongest session of the year so far.The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address from President Vladimir Putin, and oil prices steadied after one of the most turbulent spells on commodity markets in decades.The Swiss National Bank's (SNB) surprise move to introduce a charge on deposits was accompanied by a cut in its main rate band and saw the franc fall to its lowest ...

Upbeat Fed, higher oil lift emerging currencies, stocks LONDON: Emerging shares rose for a second straight day on Thursday while most currencies strengthened, lifted by the Federal Reserve's show of confidence in the U.S. economy, though Russia's rouble eased after two days of gains.Emerging market stocks rose 1.24 percent, the biggest daily gains in a month, after the Fed signalled it was on track to raise interest rates some time next year but would take a "patient" approach. That lifted U.S. stock markets, ...
ARM outperforms as Britain's FTSE extends gains on Fed boost LONDON: Britain's main equity index rose on Thursday, helped by the U.S. Federal Reserve's pledge for a "patient approach" to any interest rate increase.Technology group ARM was among the best-performing stocks on the blue-chip FTSE 100 index after an upbeat broker note.Federal Reserve Chair Janet Yellen said U.S. interest rates were unlikely to rise for "at least a couple of meetings," meaning April at the earliest, helping to ease concerns that a tightening in U.S. ...
European stocks steady ahead of US Fed decision LONDON: European stock markets steadied Wednesday after sharp gains the day before, while oil prices held close to recent lows as investors awaited the outcome of the US Federal Reserve meeting.Russia meanwhile sought to ease concerns over the deep plummet in the value of the ruble, announcing measures to support the financial system as Moscow scrambled to head off a run on the currency.Global markets have been in turmoil this week owing to concerns about ...
Russian turmoil knocks back European equities LONDON: European shares fell on Wednesday, reversing part of Tuesday's recovery, as a new drop in oil prices and financial turmoil in Russia hit the region's main stock markets.However, the hard-hit Greek market bounced up ahead of a tight parliamentary vote that will trigger elections unless the Greek Prime Minister can win backing from independents and smaller parties that have so far rejected helping his coalition.This week's slump in the Russian rouble has revived memories ...
FTSE resumes sell-off on oil slide and emerging-market woes LONDON: Britain's top share index resumed its slump on Wednesday after recovering the day before, with energy stocks and companies exposed to turbulent emerging markets bearing the brunt of the sell-off.The blue-chip FTSE 100 index fell 0.9 percent to 6,274.34 points at 1431 GMT after surging 2.4 percent in the previous session, but is down more than 6 percent so far this month because of growth concerns and a sharp drop in oil prices.A Reuters ...
European stock markets slide LONDON: European stock markets slid Wednesday after sharp gains the day before, while oil prices drifted to new lows, as investors awaited the outcome of the US Federal Reserve meeting.Oil prices extended their losses to fresh five-and-a-half-year lows, while the Russian ruble rebounded a bit after its recent plunge against the dollar.Global markets have been in turmoil this week owing to concerns about the effect of plunging oil prices on energy firms as well as ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln