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European shares steady; weaker oil hits energy sector PARIS: European stocks were steady on Thursday afternoon, taking a breather following the previous session's sell-off, although energy shares sank along with Brent crude prices.Brent futures tumbled nearly 2 percent to below $79 a barrel, hitting a four-year low, dragged down in part by data showing China's economy further losing momentum in October.Total was down 1.4 percent and BP down 0.9 percent, while oil services firms Seadrill and Saipem both dropped 4.1 percent."$80 per barrel is the pain threshold," said Alexandre Baradez, chief market analyst at IG France."Below that, a lot of the oil majors' projects are not profitable and a lot of oil-producing countries start to have serious budget issues. It's also a problem for the euro zone because it drags down inflation."The prospect of belt-tightening by energy majors as oil prices plunge has hurt the oil services sector, with some shares plummeting between 30 percent and 65 percent ...

Dixons outperforms as UK's FTSE advances LONDON: Britain's top equity index bounced back from the previous day's fall to rise to one-and-a-half month highs on Thursday, with retailer Dixons Carphone among the top performers.The blue-chip FTSE 100 was up by 0.3 percent at 6,629.62 points going into the close of the trading session, continuing its recovery from 15-month lows reached in October.Dixons Carphone was the best-performing FTSE stock in percentage terms, rising 2.3 percent, which traders attributed to expectations it could ...
European stocks stage rebound LONDON: Europe's main stock markets rebounded on Thursday from the previous day's falls as investors digested broadly upbeat company results.London's benchmark FTSE 100 index rose 0.36 percent to stand at 6,634.96 points nearing midday in the British capital.Frankfurt's DAX 30 added 0.94 percent to 9,298.26 points and in Paris the CAC 40 won 0.71 percent to 4,209.64 compared with Wednesday's closing values.The key indices had fallen on Wednesday as global regulators fined six top European ...
European shares stage small bounce as Iliad, KBC rally LONDON: European shares staged a modest rebound on Thursday as a boost from strong results from telecoms firm Iliad and financial group KBC was curbed by new gloomy updates in the utilities sector.Shares in KBC rose 6 percent to the top of the pan-European FTSEurofirst 300 index after the Belgian financial group reported a better-than-expected net profit for the third quarter, thanks to a rise in income from its banking activities.French low-cost telecom firm Iliad ...
Firmer financial stocks lift UK's FTSE 100 LONDON: A rise in financial stocks outside the banking sector lifted Britain's top equity index on Thursday, which hovered around its highest level in one-and-a-half months.The blue-chip FTSE 100 was up by 0.3 percent at 6,631.77 points in mid-session trading, continuing its recovery from 15-month lows reached in October.The London Stock Exchange was the best-performing FTSE 100 stock in percentage terms, advancing by 2.8 percent after posting an 18 percent rise in first-half revenues.Private equity ...
Oil below $80 as China slowdown chimes with OPEC warning LONDON: Oil fell below $80 a barrel for the first time since 2010 on Thursday, as more evidence of a slowdown in China's resource-hungry economy chimed with OPEC warning of a substantial drop in demand next year.Data from Beijing showed below-forecast factory output and investment growth hitting a near 13-year low, reinforcing signs that the world's second-biggest economy will see its weakest growth for almost 24 years this year.Stock markets, however, were not put off, ...
London Stock Exchange first-half revenue up 18pc LONDON: London Stock Exchange Group reported an 18 percent rise in first-half revenue on Thursday, as its diversification strategy continued to bear fruit. Revenue for the six months to September 30 rose to 592.6 million pounds ($934.7 million) from 504.2 million a year earlier. Operating profit - adjusted to take into account the impact of the acquisition of a majority stake in clearing house LCH.Clearnet and other factors - was up 24 percent at 286.1 ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

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