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TSB plans to bid for 1.4bn pounds of govt-owned mortgages: report LONDON: Britain 7th-largest lender, TSB, which recently floated on the stock market, is planning to bid for 1.4 billion pounds worth of state-owned mortgages, Sky news reported on its website on Saturday, without citing its sources. TSB is interested in acquiring the residential loan book of UK Asset Resolution (UKAR), a so-called zombie bank that is winding down the loans of Northern Rock and Bradford & Bingley. Both were two of Britain's customer-owned "building societies" which were nationalised in the run-up to the 2008 financial crisis. The British government has a 100-percent shareholding in UKAR Limited, which supports around 467,000 customers with 61.2 billion pounds ($104.6 billion) worth of loans. In June, UKAR said it had begun the potential sale of a portfolio of residential mortgages but said it would only complete the transaction if the price represented value to the taxpayer. TSB said it would not comment on Saturday's ...

European stocks mixed at the close LONDON: European stock markets were mixed on Friday, with London's benchmark FTSE 100 index gaining a modest 0.17 percent to close at 6,749.45 points.In Frankfurt, the DAX index slipped by 0.35 percent to 9,720.02 points, while in Paris the CAC 40 ended the day 0.44 percent higher at 4,335.31.Copyright AFP (Agence France-Presse), 2014 ...
Russian shares set biggest weekly drop since late April MOSCOW: Russian shares fell 1.3 percent on Friday, as the downing of a passenger airliner in eastern Ukraine looked likely to increase tensions with the West, contributing to the biggest weekly drop since late April. The rouble-traded MICEX closed down at 1,422.53 points, dropping 5 percent this week, the biggest loss in twelve weeks. The dollar-denominated RTS fell 1.8 percent to 1,276.80 points on Friday. News that a Malaysia Airlines plane was brought down in ...
European stocks mixed at the close LONDON: European stock markets were mixed on Friday, with London's benchmark FTSE 100 index gaining a modest 0.17 percent to close at 6,749.45 points.In Frankfurt, the DAX index slipped by 0.35 percent to 9,720.02 points, while in Paris the CAC 40 ended the day 0.44 percent higher at 4,335.31.Copyright AFP (Agence France-Presse), 2014 ...
European markets edge lower as global tension increases LONDON: Europe's stock markets fell back slightly on Friday, as edgy investors reacted to the crash of a Malaysian passenger plane in east Ukraine that killed almost 300 people, and an Israeli assault in Gaza.In afternoon trading, London's benchmark FTSE 100 was off by 0.08 percent at 6,732.96 points.In Frankfurt, the DAX 30 index was 0.63 percent lower at 9,692.57 and the Paris CAC 40 edged down by 0.03 percent to 4,314.74.Milan's stock index edged ...
Russian assets claw back some losses, stocks at two-week low LONDON: Emerging equities fell to two-week lows on Friday as events in Ukraine and Gaza put geopolitics firmly back on investors' radar, though Russian assets clawed back some of the previous session's sharp losses. MSCI's emerging equity index traded half a percent lower and was on track for its second consecutive week in the red, after the shooting down of a passenger jet in Ukraine on Thursday sparked Wall Street's biggest one-day drop since April. ...
European shares fall as downed plane revives Ukraine worries LONDON: European shares fell on Friday as the shooting down of a passenger plane over Ukraine stoked tensions between Russia and the West and sapped appetite for assets which depend on economic growth. Uncertainty over how the incident will affect the conflict between the Ukrainian government and separatists led many investors to close their long positions ahead of the weekend in case the situation deteriorates.But selling pressure was moderate and volatility low as the loss ...

 



 
Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln