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Tobacco stocks weigh on UK's FTSE after RJR fine LONDON: Britain's top equity index fell on Monday as tobacco stocks were hit by a multi-billion-dollar fine against US rival RJ Reynolds.The blue-chip FTSE 100 index was down 0.3 percent - or 18.27 points - at 6,731.18 points in early trading.The decline was tempered by a rally in supermarket group Tesco on news of a leadership change.A 0.8 percent fall at British American Tobacco and a 1 percent drop at Imperial Tobacco together took the most points off the FTSE 100, after a Florida jury imposed punitive damages of $23.6 billion against RJ Reynolds Tobacco Company.Central Markets trading analyst Joe Neighbour said that even though it was unlikely the fine would be paid out in full, it was nevertheless damaging for the sector."It's bad for sentiment. It's a landmark case and it could open up the way for further lawsuits down the line," he said.Tesco rose 2.3 percent as investors ...

Ukraine nerves send European shares lower LONDON: European stock markets fell across the board on Monday, concerned by an escalation in tensions between Russia and the West and reports the Ukrainian army was moving on a major rebel stronghold.The step up in rhetoric over Russia's involvement following last week's downing of a Malaysian airliner had offered hope for some investors that stronger action by Western powers could push the conflict toward a peaceful conclusion.But reports that Ukrainian forces were moving into ...
Russian stocks extend losses; Dubai volatile LONDON: Russian markets, under the shadow of new sanctions, slumped 1.4 percent on Monday, extending last week's 5 percent slide, while UAE property stocks came under renewed pressure, hit by troubled building company Arabtec.The increasingly deadly conflict between Israel and Gaza-based militants, fighting in eastern Ukraine and new sanctions on Russia over its perceived role in the Ukraine crisis were capping further advances in global equities, with MSCI's emerging index half percent off recent 16-month ...
European stock markets flatten at open LONDON: Europe's main stock markets flattened at the start of trade on Monday, as cautious investors tracked geopolitical developments in Ukraine and the Middle East.In initial deals, London's benchmark FTSE 100 index was almost unchanged at 6,749.12 points, Frankfurt's DAX 30 dipped 0.09 percent to 9,711.68 points and the CAC 40 in Paris drifted 0.02 percent lower to 4,334.62 compared with Friday's close.Copyright AFP (Agence France-Presse), 2014 ...
TSB plans to bid for 1.4bn pounds of govt-owned mortgages: report LONDON: Britain 7th-largest lender, TSB, which recently floated on the stock market, is planning to bid for 1.4 billion pounds worth of state-owned mortgages, Sky news reported on its website on Saturday, without citing its sources. TSB is interested in acquiring the residential loan book of UK Asset Resolution (UKAR), a so-called zombie bank that is winding down the loans of Northern Rock and Bradford & Bingley. Both were two of Britain's customer-owned "building societies" ...
European stocks mixed at the close LONDON: European stock markets were mixed on Friday, with London's benchmark FTSE 100 index gaining a modest 0.17 percent to close at 6,749.45 points.In Frankfurt, the DAX index slipped by 0.35 percent to 9,720.02 points, while in Paris the CAC 40 ended the day 0.44 percent higher at 4,335.31.Copyright AFP (Agence France-Presse), 2014 ...
Russian shares set biggest weekly drop since late April MOSCOW: Russian shares fell 1.3 percent on Friday, as the downing of a passenger airliner in eastern Ukraine looked likely to increase tensions with the West, contributing to the biggest weekly drop since late April. The rouble-traded MICEX closed down at 1,422.53 points, dropping 5 percent this week, the biggest loss in twelve weeks. The dollar-denominated RTS fell 1.8 percent to 1,276.80 points on Friday. News that a Malaysia Airlines plane was brought down in ...

 



 
Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln