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Rouble resumes slide, Nigeria's naira also hit by oil LONDON: Russia's rouble fell more than 1 percent versus the dollar on Tuesday, reversing most of the previous day's gains, while emerging equities and most other currencies also lost ground as oil prices slid.Emerging stocks slipped 0.3 percent following a weaker close in China where markets earlier hit three-year highs in record trading volumes as investors jockeyed for position ahead of next week's Shanghai-Hong Kong trading tie-up. The pilot scheme will allow investors in the two markets to trade in each others shares, opening up access to mainland Chinese shares.Moscow-listed dollar-denominated shares eased 0.8 percent whilst rouble-denominated stocks rose.The rouble meanwhile resumed its slide, a day after the Russian central bank allowed it to float and warned it could intervene without warning to squeeze out speculators.The fall in oil, corporate demand for dollars and claims that Moscow had sent in tanks and troops to eastern Ukraine were all dragging on ...

Vodafone helps UK's FTSE touch six-week highs LONDON: Britain's top equity index rose to a six-week high on Tuesday, led by Vodafone, the world's second biggest mobile operator, after it boosted its earnings outlook.Vodafone said it expected full-year core earnings of between 11.6 billion pounds ($18.38 billion) and 11.9 billion pounds, up from its previous guidance of 11.4-11.9 billion pounds."This business is about anticipation and forecasts. The market is pleasantly surprised that the figures were not as bad as expected. The company ...
Telecoms lift European shares rise after upbeat Vodafone update LONDON: Europe's benchmark index of top shares rose on Tuesday, boosted by strength in telecoms and German companies after corporate reports beat expectations.The STOXX Europe Telecommunications sector rose 2.4 percent, the top sectoral gainer, boosted by an expectation beating report from Vodafone.Vodafone jumped 5.6 percent after the world's second-biggest mobile operator nudged its forecasts for core earnings higher. It reported a sharp improvement in its main quarterly revenue measurement, helped by improved demand in its ...
European stocks narrowly mixed at open LONDON: Europe's main stock markets opened mixed on Tuesday, with London's benchmark FTSE 100 index edging slightly down 0.07 percent to 6,606.55 points.Frankfurt's DAX 30 gained 0.24 percent to 9,374.36 points and the CAC 40 in Paris won 0.10 percent to 4,227.12 compared with Monday's closing values.Copyright AFP (Agence France-Presse), 2014 ...
European equities kick off week with gains LONDON: European stock markets rose steadily on Monday with trading quiet in the absence of any major data releases, analysts said.London's benchmark FTSE 100 index climbed 0.29 percent to stand at 6,586.10 points approaching midday in the British capital, lifted by firmer mining share prices.Frankfurt's DAX 30 gained 0.14 percent to 9,304.71 points and in Paris, the CAC 40 won 0.17 percent to 4,197.21.Miners and oil majors were higher as commodity prices rebounded from recent ...
European shares inch up; M&A boosts Fugro, Nutreco PARIS: European stocks inched higher early on Monday, reversing some of the previous session's losses, with Nutreco surging 14 percent as SHV sweetened its takeover bid for the Dutch animal feed and nutrition company.Shares in struggling oil services group Fugro jumped 32 percent, recovering recent sharp losses, after rival Boskalis bought around 15 percent of its shares.Belt-tightening by big energy majors faced with plunging oil prices has been hitting oil services companies, fuelling expectation of ...
FTSE rises towards five-week high, miners rally LONDON: Britain's top share index advanced towards a five-week high on Monday, with miners rising on hopes that mixed data from China, the world's biggest metals consumer, may prompt the country to launch more stimulus.China's annual consumer inflation remained near a five-year low in October at 1.6 percent and annual growth in exports and imports slowed in October, reinforcing expectations the economy will roll out more measures to support growth."Good news for policymakers is that ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






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