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Pirelli, Gavio seen joining Alitalia cash call: sources MILAN: Two more Alitalia shareholders are expected to subscribe to the Italian airline's 300 million-euro ($400 million) share issue rights offer that ends on Wednesday, sources close to the matter said.Shareholders have until 2300 GMT to decide whether to subscribe to the cash call, which is part of a bigger rescue package engineered by the government to keep the cash-strapped airline in the air.Italian tyre maker Pirelli will subscribe to maintain its 1.8 percent stake, while financial holding company Finanziaria di Partecipazioni e Investimenti, part of construction firm Gavio, will subscribe up to 4 million euros, the two sources said.Alitalia said results of the capital increase will be announced early on Thursday.Some key investors and two large domestic banks have already pledged 240 million euros, including the Gavio and Pirelli stakes, this would bring the total so far to around 250 million euros.This includes the investment by Italy's state-owned postal ...

Britain's FTSE rises as United Utilities boosts sector LONDON: Britain's benchmark equity index edged up on Wednesday, helped by gains in utility stocks after United Utilities posted higher interim profits and lifted its dividend.A rise in the more defensive utility sector was complemented by appetite for more risk-sensitive stocks such as banks after German parties agreed a coalition deal two months after an election.United Utilities moved on to the FTSE's leaderboard with a 1.5 percent gain after its profit rise, helping drag up ...
European shares boosted by earnings, German coalition deal LONDON: European equities edged higher on Wednesday, supported by a long-awaited coalition deal in Germany and a trickle of solid earnings from the likes of Belgian discount grocer Colruyt.German conservatives and the centre-left Social Democrats (SPD) finally agreed to a "grand coalition" after all-night talks, paving the way for Chancellor Angela Merkel to form a government by Christmas."It's definitely a positive for sentiment, it gives the market a bit of certainly on a key issues," ...
German government deal lifts euro and shares LONDON: The euro touched a four-year high against the yen on Wednesday and European stocks rose after a deal was struck to form a new German government and more talk emerged of European Central Bank help for struggling firms.The single currency reached a peak of 138.16 yen, its best level since October 2009 and hit a near one-month high against the dollar of $1.3600.The approach of Thursday's Thanksgiving holiday in the United States and next ...
European stocks firm at open; London up 0.05pc LONDON: Europe's main stock markets rose slightly in opening deals on Wednesday, with London's benchmark FTSE 100 index up 0.05 percent to 6,693.25 points.Frankfurt's DAX 30 index won 0.20 percent to 9,308.96 points and in Paris the CAC 40 added 0.22 percent to 4,286.84 compared with Tuesday's closing values.Copyright AFP (Agence France-Presse), 2013 ...
Investors struggle with Nationwide's equity-like capital deal LONDON: Nationwide Building Society's success in selling one of the most aggressive forms of junior debt yet created will hinge on specialist investors and hedge funds, with traditional buyers struggling to view this as a fixed income instrument. The UK's largest building society on Monday began marketing the Core Capital Deferred Shares (CCDS), which it hopes will increase its core capital, thereby improving its leverage ratio without compromising its mutual status. Pricing is ...
European stock markets fall LONDON: European equities fell on Tuesday, with the alcoholic drinks sector hit ahead of the festive season by a profits warning from French giant Remy Cointreau.London's benchmark FTSE 100 index dropped 0.87 percent to close at 6,636.22 points, Frankfurt's DAX 30 slid 0.11 percent to 9,290.07 points, while the CAC 40 in Paris gave up 0.57 percent to 4,277.57 points.Remy Cointreau warned that slowing spirits sales in China would hit annual earnings, and posted a ...


Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln