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Drop in Royal Mail puts Britain's FTSE under pressure EDINBURGH: Britain's main equity index snapped a four-day rally on Wednesday as falling iron ore prices hit mining stocks and trading updates from Royal Mail and testing firm Intertek disappointed investors.Royal Mail Group reversed slight early gains to drop 8.2 percent to the bottom of the index.Although Royal Mail's 21 percent fall in six-month operating profit to 279 million pounds was less severe than many analysts had feared, it warned that online retailer Amazon's delivery service will more than halve the growth potential for the parcel business of the formerly state-owned company."The outlook is not so positive because of the impact of competition in parcels, where Royal Mail is at a disadvantage," Jasper Lawler, analyst at CMC Markets, said."Amazon just want to expand as quickly as possible, and long term they will be able to control costs better if they don't have to rely on a third party like the ...

European shares edge lower ahead of Fed minutes LONDON: European shares edged lower from a seven-week high late on Wednesday, tracking a fall in U.S. equities, with investors trading cautiously ahead of minutes from the most recent Federal Reserve policy meeting.The market also came under pressure from a sharp decline in mining shares after China's iron ore futures dropped nearly 5 percent to a record low. That also pushed down spot prices, which have slumped to their weakest in more than five years ...
European shares slip; Areva sinks after suspending targets PARIS: European shares inched lower in early trade on Wednesday after a sharp fall in iron ore prices pummeled mining stocks and French nuclear group Areva also took a big hit.Shares in Areva tumbled 19 percent after it suspended its 2015 and 2016 financial targets, blaming delays in a Finnish atomic project, the slow restart of Japan's reactors and a lacklustre nuclear market."Another profit warning," a Paris-based trader said. "There's a complete lack of visibility ...
Shares fall, dollar gains as economic outlooks diverge LONDON: Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world's major economies.Oil prices stayed near 4-year lows on signs of disagreement between OPEC members before a meeting next week.European shares opened lower, dragged down by miners after a sharp fall in iron ore prices. The pan-European FTSEurofirst 300 index was down 0.3 percent."There's ...
European shares edge higher, Swiss index hits 7-year high LONDON: European shares turned positive in morning trading on Wednesday, helped by some encouraging broker upgrades, with Switzerland's SMI equity index hitting the 9,000-point mark for the first time since late 2007.Prudential rose 1.1 percent to lead insurers after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630 pence. AstraZeneca was up 1.4 percent, helping the European healthcare index after Natixis raised its price target for the stock.At 1050 GMT, ...
Royal Mail reversal puts Britain's FTSE under pressure EDINBURGH: Britain's main equity index snapped a four-day winning streak on Wednesday as heavyweight mining stocks were hit by a fall in iron ore prices and disappointing trading updates from Royal Mail and testing firm Intertek.Royal Mail Group reversed slight early gains to drop 8.9 percent to the bottom of the index.Although Royal Mail's 21 percent fall in six-month operating profit to 279 million pounds was not as bad as many analysts had feared, it ...
Switzerland's SMI stock index hits 9,000 mark LONDON: Switzerland's SMI equity index hit the 9,000 point mark for the first time since late 2007 on Wednesday, tracking recent gains in stock indexes worldwide.The index was up 0.3 percent at 8,994.78 points by 1003 GMT after hitting an intra-day high of 9001.84 points. The Swiss index has gained nearly 10 percent so far this year, outpacing all European major stock indexes including Germany's DAX , down 0.7 percent over the same period.Copyright Reuters, ...

 



 
Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln