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Britain's FTSE bounces off 10-week lows, led by Glaxo LONDON: Britain's benchmark share index rose on Thursday as investors seized on 10-week lows as an opportunity to re-enter the market, with GlaxoSmithKline leading the index higher following the approval of a new drug.Heavyweight pharmaceutical Glaxo rose 4.2 percent to add the most points to the index after a US panel recommended approval of new lung drug, prompting Deutsche Bank, Natixis and Kepler to raise their target prices for the stock.Glaxo contributed 13 points to gains on the FTSE 100 , half of the total 25.52 point rise. The index was up 0.4 percent at 6,269.73 points by 1040 GMT.The gains came after four straight sessions of losses on the FTSE 100, as worrying economic data from the United States and China and slumping commodity prices weighed on the market.It stabilised after falling 1 percent on Wednesday to its lowest close since early February - a level where some saw ...

European shares reverse early gains LONDON: European shares reversed early gains on Thursday, as weakness in the miners and a crop of weak corporate earnings overpowered tentative buying from investors seeing value in the market after the steep recent sell offs.The FTSEurofirst 300 was down 0.1 percent at 1,146.63 points by 0720 GMT, off an earlier session high of 1,147.73.Sodexo led the losers, down 6.8 percent, after the French catering and vouchers reported a below forecast first half operating profit.Miners, ...
Brazil stocks fall to 9-month low as rate hikes eyed MEXICO CITY: Brazilian stocks dropped to their lowest level in nearly nine months on Wednesday, hurt by expectations the country's central bank would start raising interest rates while the economy is still on shaky ground.Concerns over global economic growth also drove down shares in Brazil's commodities exporters, while Mexican stocks hit an almost one-month low.Brazil's Bovespa index shed 2.05 percent to 52,881.96, its lowest close since late last July, on heavy volume. The index bounced ...
US stocks slide on earnings, European gloom NEW YORK: US stocks closed sharply lower Wednesday in the wake of disappointing earnings reports and a 5.5 percent plunge in Apple shares, along with dreary economic sentiment in Europe.The Dow Jones Industrial Average dropped 138.19 (0.94 percent) to 14,618.59.The broad-based S&P 500 sank 22.56 (1.43 percent) to 1,552.01, while the Nasdaq Composite Index nose-dived 59.96 (1.84 percent) to 3,204.67.A disappointing earnings report from Bank of America sent it and other banking shares lower.Apple plunged ...
Shares, oil fall on growth concerns; gold rises NEW YORK: World equity markets and commodities fell on Wednesday as global growth concerns dented investor sentiment yet again and disappointing earnings reports weighed on Wall Street stocks.Copper, considered a barometer for manufacturing and China-related growth, fell more than 3 percent, weighed by worries about the global economy and a 10.3 percent decline in March European car sales, a key source of metals demand.US and European shares fell more than 1 percent after the car ...
Growth fears hit shares and oil, gold stable: GLOBAL MARKETS LONDON: World shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the United States and Japan.The growing belief the Federal Reserve will maintain its easier stance amid signs of weak US inflation also helped gold to recover from Tuesday's more than two-year low following three days of heavy selling.Growth concerns have been heightened by the latest report of the International Monetary Fund, ...
FTSE down for fourth day on weaker miners, Tesco LONDON: Britain's top share index extended losses for a fourth straight session on Wednesday, with economic worries weakening commodity stocks while Tesco dropped after confirming it would take a large write-off.Charts pointed to further declines for the blue chip FTSE 100 index, which fell 43.10 points, or 0.7 percent, to 6,260.18 by 1133 GMT, its lowest in nearly two weeks."The risk is skewed to the downside. With commodity prices pushing lower, we are looking for ...


Index Closing Chg%
Arrow DJIA 16,919.59 0.48
Arrow Nasdaq 4,527.52 0.43
Arrow S&P 1,981.60 0.50
Arrow FTSE 6,779.31 0.56
Arrow DAX 9,334.28 0.96
Arrow CAC-40 4,254.45 0.56
Arrow Nikkei 15,449.79 0.83
Arrow H.Seng 25,122.95 0.67
Arrow Sensex 26,420.67 0.11

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln