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Europe shares at 14-year high on central bank largesse LONDON: European shares hit a 14-year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too.Financial markets remain driven by policy action from the world's major central banks, with Tuesday's softer U.S. retail sales supporting the view that the Federal Reserve will not rush to raise interest rates in June.The ECB is almost certain to keep rates unchanged at record lows at its meeting later in the day, and also tipped to quash talk it might scale down sooner than planned the 1 trillion euro quantitative easing scheme it launched last month.A banking source told Reuters on Tuesday the ECB raised the cap on emergency liquidity assistance that Greek banks can draw from the country's central bank, taking some of the heat off Athens.Data earlier in the day ...

European stocks rally ahead of ECB meeting set to keep policy loose PARIS: European stocks rallied on Wednesday, with one regional benchmark hitting a level not seen since late 2000, ahead of a European Central Bank meeting at which the bank is expected to affirm its loose monetary stance.Shares in France's Alcatel-Lucent dropped 13 percent, slipping back from its sharp rally on Tuesday as rival Nokia unveiled the details of its all-share takeover offer for Alcatel, which values it at 15.6 billion euros ($16.6 billion).Shares in resource-related ...
Europe shares at 14-year high on generous central banks LONDON: European shares hit a 14-year high on Wednesday before a meeting at which the European Central Bank is expected to affirm its loose policy stance, as weak data from China raised prospects of monetary easing there too.Firmer commodity prices and merger news also helped hoist European stocks, and U.S. stock index futures pointed to a firmer start on Wall Street, bucking a softer trend in Asia.Financial markets remain broadly driven by policy action from ...
Retailers help Britain's FTSE to fresh record high LONDON: Britain's top share index hit an all-time high on Wednesday, helped by gains for domestically-exposed retail stocks such as Next, Dixons Carphone and Sports Direct.Dixons Carphone, the electricals and mobile phone retailer, was up 2.1 percent after German mobile telephone company Drillisch agreed to buy the UK firm's telecoms shop chain The Phone House Deutschland for a combination of shares and future cash flows.Fashion chain Next rose 1.5 percent after JPMorgan upgraded the shares ...
European stocks dip at open before ECB rate decision LONDON: European stock markets slid in cautious opening trade on Wednesday on the back of weak Chinese and US economic data, and before the latest eurozone interest rate decision.Investors also digested news that Finnish telecoms giant Nokia has struck a 15.6-billion-euro deal to buy Franco-American rival Alcatel-Lucent to create the world's biggest supplier of mobile phone network equipment.In initial deals, the benchmark CAC 40 index in Paris gained 0.25 percent to 5,230.98 points, despite a ...
European shares fall as worries over Greece offset M&A fever PARIS: European stocks fell on Tuesday as renewed worries over Greece offset news of a tie-up between Nokia and Alcatel-Lucent. A rebound in the euro during the session also prompted investors to book recent gains on the shares of exporters. Luxury goods maker LVMH fell 2.5 percent and airplane maker Airbus lost 2.6 percent. Shares in the French telecom gear maker Alctel surged 16 percent after the two companies announced they were in advanced talks ...
European stocks disconnect as Nokia rings up Alcatel takeover LONDON: Europe's main stock markets diverged Tuesday after news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent.The benchmark CAC 40 index in Paris dropped 0.73 percent to 5,215.59 points in mid-afternoon deals, while Frankfurt's DAX 30 shed 0.83 percent to 12,236.09 points.London's FTSE 100 however edged up 0.05 percent to 7,068.11 points, as investors digested news that British annual inflation held at a record-low zero in March.Also Tuesday, the ...

 



 
IndexClosingChg%
ArrowDJIA 18,080.14 0.12
ArrowNasdaq 5,092.09 0.71
ArrowS&P 2,117.69 0.23
ArrowFTSE 7,070.70 0.24
ArrowDAX 11,810.85 0.74
ArrowCAC-40 5,201.45 0.44
ArrowNikkei 20,020.04 0.83
ArrowH.Seng 28,060.98 0.84
ArrowSensex 27,437.94 1.07





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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
WeeklyApril 16, 2015
Reserves $16.818 bln