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China easing puts emerging stocks in buoyant mood LONDON: Emerging market assets started the week in buoyant mood as Asian bourses got their first chance to react to China's surprise monetary easing that came after local markets closed on Friday. The MSCI emerging stocks index rose one percent with the Asia ex-Japan benchmark up 1.2 percent. In China, Shanghai and Hong Kong stocks were both nearly 2 percent higher. Friday's surprise cut in rates, the first in more than two years, reflects a change of course by Beijing and the central bank, adopting a bold monetary policy step aimed at stabilising growth in the world's second-largest economy. Many analysts think monetary easing in China and from the Bank of Japan (BoJ) and European Central Bank (ECB), will help offset the impact of the US Federal Reserve scaling back its own stimulus. "Some of this has been building for a while. We had the BoJ, ECB and now the ...

Euro zone shares jump on German data, ECB easing bets LONDON: Euro zone shares rose on Monday, adding to Friday's strong gains, as expectations of more monetary stimulus in the bloc and some positive German economic data boosted sentiment. Investors were betting the European Central Bank would soon unveil new measures to expand its balance sheet, possibly including government bond purchases, after President Mario Draghi promised on Friday to use whatever means necessary to raise inflation. The euro zone Euro STOXX 50 index was up ...
FTSE steadies near 2-month high; Aviva, Petrofac fall LONDON: Britain's top share index steadied near a two-month high on Monday, with Aviva sliding after outlining a deal to buy Friends Life and Petrofac slumping after predicting a low net profit.Aviva fell 3.9 percent after saying on Friday it had agreed terms on a possible deal to buy rival Friends Life for 5.6 billion pounds ($8.8 billion), as British pension reforms put pressure on insurers to find new business. Friends Life rose 7.3 percent."The ...
European shares rise as ECB seen opening door to more stimulus LONDON: European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy. Speaking at a congress in Frankfurt, Draghi highlighted weak economic activity indicators from the bloc earlier this week and said the ECB would broaden the size, pace and composition of its asset purchase programme if needed. "Draghi recognised that acting in a speedy fashion is ...
European stocks rise at open LONDON: Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.30 percent to 6,698.83 points.Frankfurt's DAX 30 climbed 0.39 percent to 9,521.24 points and the CAC 40 in Paris gained 0.27 percent to 4,245.65 compared with Thursday's closing values.Copyright AFP (Agence France-Presse), 2014 ...
Shares punctured by two-pronged slowdown in China, Europe LONDON World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro on bets on more Japanese money printing.Wall Street was expected to fall around 0.4 percent when trading resumes as signs of a pick-up in underlying US inflation and more encouraging signals from the jobs market set the tone for manufacturing PMIs.Markets were also still digesting ...
Weak eurozone, Chinese data weighs on European stocks LONDON: Weak eurozone and Chinese data weighed on European stock markets and the euro Thursday after the Federal Reserve warned over potential threats to US growth.London's benchmark FTSE 100 index fell 0.64 percent to stand at 6,653.47 points approaching midday.The CAC 40 in Paris slid 1.13 percent to 4,218.02 points and Frankfurt's DAX 30 lost 0.64 percent to 9,411.80 compared with Wednesday's closing level, when Europe's top indices had ended on a steady note.In Thursday ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln