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European shares edge higher, pinned back by French telecoms EDINBURGH: European shares rose slightly on Wednesday, following fresh highs in U.S. markets and a three-year peak for Asian stocks, though dashed hopes for deal-making in the French telecoms sector kept a lid on gains.The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,384.52 by 0800 GMT, with benchmark indexes in Germany and the UK in positive territory.The French blue-chip CAC 40 index, however, fell 0.2 percent, with Orange, Bouygues and Iliad down between 3 percent and 4.2 percent after Orange said on Wednesday it was dropping the idea of taking part in tie-ups in the French telecoms market.The STOXX Europe telecommunications sector as risen roughly a third in the last year, partly on hopes that more relaxed regulation would allow large-scale mergers in the sector."Last-year we saw a huge excitement about consolidation, with the European regulator changing its view on telcos. We saw big gains on the back ...

Miners boost Britain's FTSE on bullishness over China's economy LONDON: British shares rose on Wednesday, taking their cue from overnight gains on Wall Street and in Asia, with mining stocks drawing continued support from recent upbeat data out of China, the world's top metals consumer.Miners rose 0.9 percent, the best performing sector, extending gains from Tuesday when factory activity data from China reinforced signs of stabilisation in its economy."It's just a spillover from yesterday," Michael Hewson, CMC Markets' senior analyst said."(Miners) have been some ...
Stocks fall on Iraqi violence; Gulf markets stabilise LONDON: Emerging markets came under pressure on Wednesday as conflict in Iraq kept oil prices near their nine-month highs, but stock markets in the Gulf stabilised as construction firm Arabtec slowed a three-day slump.Markets have gained confidence that the U.S. Federal Reserve will not start raising interest rates before mid-2015. But they are being spooked by high oil prices and the prospect of Western air strikes on Iraq, where militants are fighting government forces less ...
Europe markets buoyed by US, Asia gains, data in focus LONDON: European shares rose on Wednesday after Asian shares hit a three-year peak, with investors looking to see if U.S. employment figures continue a run of upbeat data that has driven Wall Street to record highs.Economic indicators in most regions are pointing to a pick-up in production and offering support to equities despite stretched valuations.Risk appetite has also been whetted by dovish central bank monetary policy, with the lack of rate hike hints from the ...
European stock markets steady at open LONDON: Europe's main stock markets steadied at the start of trading on Wednesday, with London's benchmark FTSE 100 index down 0.06 percent to 6,798.65 points.Frankfurt's DAX 30 rose 0.11 percent to 9,913.00 points, while in Paris the CAC 40 index nudged 0.01 percent lower to 4,460.62 compared with Tuesday's closing level.In Paris, telecom shares fell sharply after Orange said it had decided not to play a role in consolidating the French telecoms market, with the ...
European stock markets gain on miners, banks LONDON: European stock markets advanced on Tuesday, with leading French bank BNP Paribas gaining after agreeing to pay a huge fine and miners leading the way in London after well-received Chinese data.Traders also reacted to eurozone official data showing the unemployment total within the bloc dipped by 28,000 in May to 11.6 percent, with continued signs of improvement in Portugal and Ireland.Wall Street stocks barrelled higher in mid-morning trade following strong US auto sales for ...
European stocks close higher LONDON: Europe's main stock markets closed up on Tuesday, with Frankfurt's DAX 30 up 0.71 percent to 9,902.41 points. London's FTSE 100 index of top companies ended up 0.87 percent at 6,802.92 while the CAC 40 in Paris rose 0.87 percent to 4,461.12 points compared to Monday's closing levels.Copyright AFP (Agence France-Presse), 2014 ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln