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Weaker Tullow and Vivendi drag European shares from highs LONDON: Europe's FTSEurofirst 300 index retreated from a seven-year high on Monday, with Tullow Oil down on concerns that it could be dropped from Britain's blue-chip index after a quarterly reshuffle and Vivendi falling after a stake disposal. Greek banks also came under pressure from lingering concerns over its debt repayment plans. Tullow Oil slid 6.8 percent to feature among the top fallers on the FTSEurofist 300 on concerns the stock could be replaced on Britain's FTSE 100 index by Hikma Pharmaceuticals this month, traders said. "Investors are worried that a likely drop from the FTSE will prompt tracker funds and some exchange-traded funds to sell Tullow Oil shares to reduce their weightings," Jawaid Afsar, trader at Securequity, said. Vivendi fell 5.1 percent after the French media group agreed to sell its remaining stake in Numericable-SFR to Altice at a price analysts and traders viewed as low.Vivendi slipped despite announcing ...

Oil falls to $61 on dollar, Iran, supply concerns LONDON: Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifts sanctions, which could boost the country's oil exports. Oil prices were also depressed by a stronger dollar and reports of a rise in Libyan crude output, traders said. Brent crude hit a low of $60.86 a barrel and was at $62.00 ...
Czech O2 shares fall to 13 year low on spin-off plan PRAGUE: Shares in O2 Czech Republic fell on Monday after the telecoms company announced plans to spin off its telecoms infrastructure assets into a separate $1.9 billion business. The company has been facing rising competition from the Czech local units of T-Mobile and Vodafone as well as virtual operators, which squeezed its profitability, and has been looking for ways to turn around the business.PPFThe shares were down 10.6 percent at 186.05 crowns at 1407 GMT, ...
UK's FTSE touches new record high as Intertek and miners rise LONDON: Britain's top equity index climbed on Monday to set a new record high, breaking through last month's peak, as a rise in mining stocks and Intertek lifted the market.The blue-chip FTSE 100 equity index rose as much as 0.3 percent to a record intraday high of 6,972.01 points. The index is up around 6 percent since the start of 2015."The FTSE is moving slowly towards 7,000 points. Momentum-wise, it's looking pretty positive, and you've ...
Vivendi shares drop, Altice's climb after stake disposal PARIS: Vivendi shares fell about 5 percent on Monday and Numericable-SFR's climbed by a similar amount after news the media group had agreed to sell its remaining stake in the business at a price analysts and traders see as low.Vivendi said on Friday that it will sell its 20 percent stake in Numericable-SFR to billionaire Patrick Drahi, who will carry out the 3.9 billion euro ($4.36 billion) purchase via his holding company Altice and Numericable-SFR ...
Trinity Mirror to resume dividends after slim profit rise LONDON: British newspaper publisher Trinity Mirror Plc will pay its first dividend since 2008 after tight cost controls and growing digital sales helped it post a slight rise in full-year earnings.Trinity, which has been battling falling circulation and lower advertising rates at its Daily and Sunday Mirror titles, said on Monday it would pay a final dividend of 3 pence per share and planned to increase that to 5 pence in 2015.Trinity said trading had ...
Shares in Banca Carige up 9pc after investor buys stake MILAN: Shares in Italy's Banca Carige rose sharply after Malacalza Investimenti agreed to buy 10.5 percent of the mid-sized bank, becoming the top investor.Vittorio Malacalza told Italian daily La Stampa on Monday he did not rule out increasing the stake in Genoa-based Carige to 24 percent.At 0850 GMT shares in Banca Carige were up 9.77 percent to 0.0719 euros, outperforming a 1 percent rise in Italian banking index. The stock initially failed to start trading ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln