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Russian assets fall on fears Ukraine conflict could escalate MOSCOW: Russian assets weakened on Monday on fears the conflict with Ukraine will escalate further after Russia responded in belligerent terms to the death of a man on its territory from a shell fired across the border.At 0620 GMT, the dollar-denominated RTS index was down 0.6 percent to 1,375 points and the rouble-traded MICEX lost 0.2 percent to 1,486 points. Both posted minor gains last week.Moscow threatened Ukraine with "irreversible consequences" after a Russian man was killed by a shell fired across the border, while Kiev said Ukrainian warplanes struck again at separatist positions in the east of the country, inflicting big losses."Today, focus will likely be back on Ukraine," analysts at Sberbank Investment Research wrote in a note. "The weekend saw rhetoric regarding Ukraine heat up dramatically."The rouble also traded weaker, reacting also to Friday's slump by more than $2 in the price of oil, Russia's main export. Brent ...

European shares rise, helped by Shire bid EDINBURGH: European shares rose on Monday, boosted by M&A activity in the pharmaceutical sector and rallying from near two-month lows after their biggest weekly loss in four months.UK-listed pharmaceutical Shire rose 2.6 percent after it said it was ready to recommend a new 53.20 pound ($90.53) per share offer from US firm AbbVie.Reuters had reported on Saturday that Shire had asked AbbVie to sweeten its offer to close to 53 pounds in order for it ...
Britain's FTSE rebounds, Shire hits record LONDON: UK shares bounced back on Monday after hefty falls last week, with drugmaker Shire hitting an all-time high on a bid offer from U.S. firm AbbVie .Shire said it was ready to recommend a new offer from AbbVie, which returned with a fifth bid valuing the London-listed drugmaker at 31.3 billion pounds ($53.3 billion).AbbVie, which wants to buy Shire to cut its tax bill and diversify its product line-up, made the offer of 53.20 ...
Balkan stocks fall on political uncertainties BUDAPEST: Stocks fell in Slovenia and Serbia on Monday after an election in the former and the resignation of the finance minister in the latter cast doubt on the future of economic reform in both.Elsewhere in Central Europe, stocks rallied along with the rest of the continent's.The main stock index of the Ljubljana bourse fell 1.2 percent after political novice Mirko Cerar won Slovenia's elections on Sunday and indicated he would rewrite measures already agreed ...
Stocks recover as worries about banks ease LONDON: Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the US Federal Reserve.Europe's biggest markets gained more than half a percent and Portugal rallied by 1 percent, after worries about a Portuguese bank last week caused the first sign this year of a return of nerves ...
European stock markets climb at open LONDON: Europe's main stock markets advanced at the start of trading on Monday, with London's benchmark FTSE 100 index up 0.24 percent to 6,706.14 points.Frankfurt's DAX 30 added 0.46 percent to 9,710.92 points and the CAC 40 in Paris won 0.26 percent to 4,327.66 compared with Friday's close.Copyright AFP (Agence France-Presse), 2014 ...
European markets benefit from easing tensions in Portugal LONDON: European equities scraped back some lost ground on Friday as officials in Lisbon moved to allay fears of a potential Portuguese banking crisis.London's FTSE 100 closed with a gain of 0.27 percent at 6,690.17 points, Frankfurt's DAX 30 tacked on 0.07 percent to 9,666.34 and the Paris CAC 40 won 0.35 percent to 4,316.5 points.Milan stocks were up by 0.62 percent while Madrid gained a slight 0.05 percent.In Portugal, Lisbon's PSI 20 index edged ...


Index Closing Chg%
Arrow DJIA 17,051.73 0.28
Arrow Nasdaq 4,424.70 0.17
Arrow S&P 1,973.63 0.23
Arrow FTSE 6,728.44 0.31
Arrow DAX 9,612.05 1.11
Arrow CAC-40 4,304.74 0.71
Arrow Nikkei 15,215.71 1.01
Arrow H.Seng 23,387.14 0.29
Arrow Sensex 25,715.17 0.29

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln