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European shares pare losses after Japan slips into recession EDINBURGH: European shares reclaimed early losses on Monday as concern over Japan's economy after it unexpectedly slipped into recession proved short-lived.Earnings reports, merger & acquisition news and appetite for more volatile stocks all provided support for the market.The FTSEurofirst 300 index of top European shares edged up 0.1 percent to 1,346.64 points.Pharmaceutical firm Merck rose 3.8 percent, the index's top riser, after agreeing a deal with Pfizer for sharing rights to develop its experimental immunotherapy drug with the U.S. drugmaker.Shares in Hennes & Mauritz, the world's second-biggest fashion retailer, also rose strongly, up 2.4 percent after it posted a 14 percent rise in October sales from a year ago, beating forecasts.Andrew Milligan, head of Global Strategy at Standard Life Investments, said that an encouraging earnings season in Europe pointed to strong economic fundamentals which should help a recovery in European equities before year-end."A major political shock could stop a recovery ...

Stocks fall, oil dips as Japan slips into recession LONDON: Shares fell and the oil price slid on Monday after data showed Japan had slipped into recession, raising concerns about global growth.European shares opened lower. They followed Tokyo's Nikkei index which lost 3 percent, its biggest one-day drop since August on news that the world's third-largest economy unexpectedly shrank by an annualised 1.6 percent in the third quarter.This followed a 7.3 percent contraction in the previous quarter caused by a rise in the national ...
European shares fall as Japan slips into recession PARIS: European shares dropped on Monday, hit by concern over the pace of global growth after data showed Japan, the world's third-largest economy, unexpectedly slipped into recession.Shares in Hennes & Mauritz bucked the trend, rising 1.3 percent after the world's second-biggest fashion retailer posted a 14 percent rise in October sales from a year ago, beating forecasts.At 0853 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,339.92 points.Japan's economy ...
Russia, Nigeria, Gulf extend slide as oil dips to $79 LONDON: Stocks and currencies from oil-exporting emerging economies fell on Monday as Japan's dip into recession underscored the fragile state of the world economy, with Russian, Nigerian and Gulf assets all extending losses.Chinese stocks closed weaker as a key pilot scheme linking the Shanghai and Hong Kong indexes kicked off. MSCI's emerging equities eased 0.3 percentBrent crude futures dropped to $79 a barrel after news that Japan's economy was in recession. Gloom over growth pervades ...
UK FTSE falls as Japan's dip casts shadow on global growth LONDON: Britain's main equity index fell on Monday as an unexpected economic contraction in Japan added to worries about global growth.Japan's economy unexpectedly shrank by an annualised 1.6 percent in the third quarter because of weak consumption and exports, adding to an already weak economic picture in the euro zone and some emerging markets.The FTSE 100 was down 31.36 points, or 0.5 percent, at 6,623.01 points by 0932 GMT, with sectors exposed to global growth ...
Turkey offers limited premium on new US dollar sukuk LONDON: Turkey opened books on a US dollar benchmark 10-year sukuk trade this morning, in what is becoming an annual excursion into the Islamic bond market.The sovereign, rated Baa3/BBB- by Moody's/Fitch, set initial profit thoughts of 220bp area over mid-swaps on the note.It is the sovereign's first 10-year tenor in the sukuk market, having issued a 2.803% 5.5-year note in its debut transaction in 2012 and a 4.557% five-year Islamic bond last year."Two years ago, ...
Japan's recessionary slide hits stocks, oil LONDON: Data showing Japan slipped into recession in the third quarter raised concerns on Monday about global economic health, hitting stocks and the price of oil.European shares fell and Wall Street looked set to open lower, according to index futures .Tokyo's Nikkei index lost 3 percent, its biggest one-day drop since August, after the news that the world's third-largest economy unexpectedly shrank by an annualised 1.6 percent in July-September.This followed a 7.3 percent contraction in ...


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