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Stocks fall on worries over dollar strength, Greece LONDON: Global stock markets edged down on Tuesday as investors worried about the impact of a strong dollar on U.S. company earnings and unease over Greece's debt crisis overshadowed news of a possible merger between two big European telecoms equipment firms.As investors awaited U.S. retail sales data that could add to the case for rate hikes from the Federal Reserve later this year, the dollar traded close to a 12-year high against a basket of a major currencies.News that Finland's Nokia was in talks to buy smaller French telecoms gear maker Alcatel-Lucent in a deal that could create a group worth over 40 billion euros ($42 billion) earlier lifted European stocks to 14-year highs.But despite a denial from its prime minister, investors were spooked by a report that cash-strapped Greece was preparing for a debt default, and shares in Greek banks skidded."Even if there's been an official denial, investors remain ...

European shares dip as worries over Greece offset M&A fever PARIS: European stocks dipped on Tuesday as renewed worries over Greece offset the positive impact from news of a tie-up between Nokia and Alcatel-Lucent.Shares in the French telecom gear maker surged 12.3 percent while its Finnish rival lost 6.5 percent after the two firms said they were in advanced talks for Nokia to take over Alcatel.The deal added to a recent wave of M&A activity that has helped driven European shares higher. However, it wasn't ...
FTSE moves closer to record highs as miners and banks gain LONDON: Britain's top equity index rose back within reach of record highs on Tuesday as steady metals prices helped mining stocks rebound, while Barclays rose after it was named as second-favourite European banking stock by Credit Suisse.Traders added that signs of takeover activity, with Nokia planning to buy telecoms peer Alcatel-Lucent just a week after Royal Dutch Shell's bid for energy rival BG, were also propping up stock markets. Alcatel-Lucent shares were up 12 percent.The ...
European stocks slip as Nokia rings up Alcatel takeover LONDON: Europe's main stock markets slid Tuesday despite 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 0.71 percent to 5,216.50 points, while Frankfurt's DAX 30 shed 0.64 percent to 12,259 points.London's FTSE 100 nudged 0.01 percent lower to 7,063.80 points, as investors digested news that British annual inflation held at a record-low zero in March.The euro eased to $1.0552 from $1.0571 ...
European stocks hit by weak Chinese data LONDON: Europe's main stock markets closed mixed Monday as investors digested poor Chinese trade data that signalled fresh weakness in the world's second-biggest economy, dealers said.London's benchmark FTSE 100 index dipped 0.36 percent to close at 7,064.30 points, while Frankfurt's DAX 30 index was down 0.29 percent to 12,338.73 points.The CAC 40 in Paris however rose 0.26 percent to 5,254.12 points.In foreign exchange, the European single currency fell to $1.0583 from $1.0599 late in New ...
Britain's FTSE slips off record highs as weak China data hit miners LONDON: Britain's top equity index slipped from record highs on Monday as surprisingly weak data from China weighed on mining stocks, with investors also growing cautious before next month's UK election.The blue-chip FTSE 100 index, which touched a record high of 7,095.36 points on Friday, retreated 25.47 points, or 0.4 percent, to 7,064.30 points by the close. The FTSE remains up nearly 8 percent since the start of 2015.Miners such as BHP Billiton, Anglo American ...
Weak China trade data hammers Aussie, weighs on Europe shares LONDON: A shock fall in Chinese exports hammered the Australian dollar on Monday, though expectations of fresh economic stimulus from Beijing helped Asian stocks higherChinese shares, which have been rallying on expectations of further steps to boost the economy, hit seven-year highs on Monday even after data showed exports fell 15 percent in March while imports contracted at their fastest rate since May 2009. Economists had forecast a 12 percent increase in exports.The Australian dollar ...


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