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Markets cheer Japan vote call as more stimulus eyed LONDON: European shares rose and bond yields fell on Tuesday on hopes that a snap election and delayed tax increase in Japan might lead to more economic stimulus measures, which also knocked the yen to its lowest since 2007.Investors were also cheered by a better-than-expected reading of German investor and analyst sentiment, which pointed to a more positive outlook for Europe's No. 1 economy.Japanese Prime Minister Shinzo Abe's call for parliament to be dissolved on Friday was widely expected and is seen potentially bringing more measures to stimulate growth after the Japanese economy unexpectedly slipped into recession. Abe also said an unpopular sales tax rise would be delayed.The yen fell to a seven-year low against the dollar after Abe's comments, extending recent losses in the wake of fresh stimulus measures announced by Japan's central bank at the end of October. It slid to a six-year trough against the euro."This is ...

European shares inch higher ahead of ZEW PARIS: European stocks rose adding to the previous session's rally on Tuesday after comments from ECB President Mario Draghi that were seen as raising the prospect of further stimulus steps. Investors were also betting on Germany's ZEW survey for November, due at 1000 GMT, to start showing some signs of a stabilisation and reverse 10 straight months of declines. Shares in European cable and telecoms company Altice bucked the trend, falling 3.8 percent after private ...
Britain's FTSE extends rally on bullish company updates EDINBURGH: Britain's blue-chip index edged higher on Tuesday, adding to weeks of gains after bullish updates from British Land and insurer Prudential. Real estate investment trust British Land rose 1.5 percent to be a top FTSE gainer after posting an 11.8 percent rise in half-year net asset value (NAV), reaping the benefits of London's booming property market. "There were concerns regarding another easing of house prices UK wide, but the numbers look strong," Guardian Stockbrokers ...
European stocks rise at open; London FTSE up 0.23pc LONDON: Europe's main stock markets advanced in opening trade on Tuesday, with London's benchmark FTSE 100 index up 0.23 percent to 6,687.16 points.Frankfurt's DAX 30 index of top companies rose 0.19 percent to 9,323.75 points and the CAC 40 in Paris gained 0.10 percent to 4,230.41 compared with Monday's closing values.Copyright AFP (Agence France-Presse), 2014 ...
ECB's Draghi helps European shares reverse early losses EDINBURGH: European shares turned solidly positive on Monday after ECB President Mario Draghi reasserted that he was ready to do more to fight deflation.Shrugging off worries that Japan's economy has unexpectedly slipped into recession, the market also drew confidence from earnings reports, merger and acquisition news and appetite for more volatile stocks.The FTSEurofirst 300 index of top European shares had risen 0.5 percent to 1,351.65 points at 1544 GMT, extending gains after the European Central ...
UK stocks fall on Japan, growth worries LONDON: Britain's top share index retreated from a six-week high on Monday, with banking and energy stocks losing ground after an unexpected economic contraction in Japan added to worries about global growth.Drugmaker AstraZeneca also underperformed, falling 2.7 percent after Pfizer dampened investors' expectations of a renewed bid for AstraZeneca by signing a major cancer drug deal with Germany's Merck KGaA, reducing the U.S. firm's need for Astra's products.The FTSE 100 was down 0.3 percent at ...
Russian assets gain after EU holds off on new sanctions MOSCOW: Russian stocks saw a small bounce on Monday, while the rouble was steady, after the European Union decided not to impose more sanctions against Russia for now over Moscow's actions in Ukraine.EU foreign ministers agreed to put more Russia-backed Ukrainian separatists on their sanctions list, but did not extend measures against Russia itself.The decision helped the rouble recover after falling early on Monday as the price of oil, Russia's major export, dropped more than ...


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

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