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Turkish shares set for worst week in five years LONDON: Turkish stocks crashed 4 percent on Friday, heading for their biggest weekly loss since 2008, and the lira plumbed new record lows as a deepening political crisis threatened to derail economic growth and company profits. Investors stampeded out of Turkish assets as the high-level graft case engulfed swathes of Turkey's government, civil service and judiciary, revealing fissures within the ruling AK Party before next year's elections. The biggest casualty so far has been the lira, which shed 2 percent to a new record low, bringing year-to-date losses to more than 17 percent against the dollar, and forcing the central bank to lift its Dec. 30 dollar auction to $600 million. The bank has already signalled it is ready to spend up to $6 billion next month to defend the lira. But this response has alarmed investors who reckon usable reserves are below $50 billion, compared with more than $100 ...

European stocks rise in Wall Street wake LONDON: European stock markets rose in light pre-holiday trading on the coattails of Wall Street gains on renewed confidence in the strength of the US economic recovery, with Frankfurt setting a new record high.London's benchmark FTSE 100 index gained 1.09 percent to 6,678.61 points and the CAC 40 in Paris added 0.51 percent to 4,215.29 points.Frankfurt's DAX 30 meanwhile rose 0.94 percent to a record close of 9,488.82 points.Madrid's IBEX 35 and Milan's FTSE MIB ...
European stocks close higher LONDON: European stock markets closed higher on Monday, with London's benchmark FTSE 100 index ending the day up 1.09 percent at 6,678.61 points.Frankfurt's DAX 30 rose 0.94 percent to a record close of 9,488.82 points, and the CAC 40 in Paris added 0.51 percent to 4,215.29 points.Copyright AFP (Agence France-Presse), 2013 ...
Takeover activity buoys European equities LONDON: European shares rose for the fourth consecutive session on Monday, buoyed by corporate takeover activity and by gains on Germany's DAX index which hit a record high. The pan-European FTSEurofirst 300 index closed up 0.7 percent at 1,296.83 points. The euro zone's blue-chip Euro STOXX 50 index also advanced 0.7 percent to 3,070.91 points.While Germany's DAX rose 0.9 percent to a record closing high of 9,488.82 points. Signs of a revival of merger and ...
Chinese broker applies to trade on LME floor LONDON: A unit of one of China's top securities brokers has applied to trade on the floor of the London Metal Exchange in the latest move by Chinese institutions to expand into global natural resource markets. The move comes as western banks that trade raw materials face increased regulatory and political pressure, allowing Chinese firms to expand in the space. It is also a boon for the LME. The exchange, which has one of the ...
Strong ARM helps FTSE notch up 4-session winning streak LONDON: Britain's shares rose for a fourth straight day on Monday as chip designer ARM was boosted by the prospect of more orders from key client Apple and optimism about U.S. growth underpinned the broader market.ARM topped the FTSE 100 leader board, up 3 percent at 1,101.18 pence, after Apple secured an agreement with China Mobile to sell iPhones through the world's biggest network of mobile phone users."Flows in ARM are largely biased towards the ...
Britain's FTSE extends gains into 4th day, ARM strong LONDON: Britain's shares rose for a fourth straight day on Monday as chip designer ARM was boosted by the prospect of more orders from key client Apple and optimism about U.S. growth underpinned the broader market.Shares in ARM rallied 2.4 percent to 1,095.18 pence as Apple secured an agreement with China Mobile to sell iPhones through the world's biggest network of mobile phone users."Flows in ARM are largely biased towards the buy side, with accounts ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln