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Potash market in shock after Uralkali halts Belarus venture MOSCOW: Shares in the world's leading potash firms plunged on Tuesday after Russia's top producer of the fertiliser announced it was cutting links with its Belarussian partner and triggered fears of a price crash.The announcement by Uralkali was seen by the market as representing an end to the cartel-like system that has supported the global potash market and heralding a possible crash in prices of the mineral.Uralkali itself said it expected that increased competition in the market and warned the potash price could potentially fall to $300 (225.6 euros) per tonne by the end of the year from the current $400.The Russian company said it had decided to halt all export sales through its joint venture with Belaruskali the Belarussian Potash Company (BPC) and direct all export volumes itself.Uralkali chief executive Vladislav Baumgertner said in a statement that that cooperation with the Belarussian side had hit "deadlock" after Belarus President ...

European shares gain ground in maelstrom of results LONDON: Europe's main stock markets rose on Tuesday as investors drew strength from mostly upbeat company earnings and bright economic data, analysts said.However, shares in British bank Barclays plunged by more than 8.0 percent as the market was shocked by a bigger-than-expected £5.8 billion ($8.9 billion, 6.7 billion euros) rights issue.In midday deals, London's FTSE 100 index of leading companies added 0.26 percent to 6,577.53 points, Frankfurt's DAX 30 advanced 0.37 percent to 8,289.09 points ...
European shares gain ground in maelstrom of results LONDON: Europe's main stock markets rose on Tuesday as investors drew strength from mostly upbeat company earnings and bright economic data, analysts said.However, shares in British bank Barclays plunged by more than 8.0 percent as the market was shocked by a bigger-than-expected £5.8 billion ($8.9 billion, 6.7 billion euros) rights issue.In midday deals, London's FTSE 100 index of leading companies added 0.26 percent to 6,577.53 points, Frankfurt's DAX 30 advanced 0.37 percent to 8,289.09 points ...
Dollar off lows, shares up on promising earnings, data LONDON: The dollar climbed off a five-week low and shares edged up on Tuesday as a heavy session of European data and earnings showed early promise before this week's trio of big central bank meetings.Signs that Spain's recession is easing and a pick-up in German consumer confidence set an upbeat tone ahead of euro zone business and consumer sentiment data later, and meetings of the ECB, US Federal Reserve and Bank of England.It was also ...
Upbeat earnings nudge UK's FTSE 100 higher LONDON: A wave of upbeat earnings from leading companies nudged Britain's benchmark equity index higher on Tuesday, enabling it to offset a slump in Barclays after the bank announced a capital hike.The blue-chip FTSE 100 index was up by 0.2 percent, or 11.99 points, at 6,572.24 points in mid-session trade.The index hit a 13-year high of 6,875.62 points in late May, but then fell to 5,897.81 points in June as expectations of a gradual scaling-back ...
European stocks climb at open; London up 0.28pc LONDON: Europe's main stock markets rose in opening deals on Tuesday, with London's benchmark FTSE 100 index adding 0.28 percent to 6,578.32 points.Frankfurt's DAX 30 index gained 0.52 percent to 8,302.14 points and in Paris, the CAC 40 advanced 0.36 percent to 3,983.10 compared with Monday's closing values.Copyright AFP (Agence France-Presse), 2013 ...
European stocks rise on M&A deals LONDON: European stock markets rose slightly on Monday thanks to huge merger and acquisition deals in the advertising and pharmaceutical sectors, dealers said.Wall Street dipped into the red in initial trading, with investors showing caution ahead of a busy week of economic news and earnings.In afternoon trading, London's FTSE 100 index of leading shares added 0.13 percent to 6,563.32 points, while Frankfurt's DAX 30 advanced a slight 0.01 percent to 8,245.53 points.In Paris, the CAC ...

 



 
Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
Arrow DAX 9,507.02 0.30
Arrow CAC-40 4,378.33 0.03
Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
Arrow Sensex 27,019.39 0.57





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln