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Tobacco companies bolster a bruised FTSE LONDON: UK shares edged higher on Friday as merger activity helped cigarette makers advance, although the FTSE 100 index was still on course to record a drop of close to 3 percent this week.Imperial Tobacco led the gainers, up 3.5 percent, after saying it was in talks with Reynolds and Lorillard to acquire certain assets and brands the two companies may sell. Reynolds and Lorillard are in talks about a deal that would merge the No. 2 and No. 3 US cigarette makers, Reuters has previously reported.British American Tobacco, which owns 42 percent of Reynolds, advanced 1 percent.Tobacco stocks reaped the benefit not only of the deal-making activity, but of a move towards safe-haven stocks sparked by a reminder this week of the frailness of euro zone banks.Copyright Reuters, 2014 ...

European stock markets rise at open LONDON: Europe's main stock markets grew at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.24 percent to 6,688.43 points.Frankfurt's DAX 30 climbed 0.13 percent to 9,672.17 points and the CAC 40 in Paris advanced 0.20 percent to 4,309.65 compared with Thursday's close.Copyright AFP (Agence France-Presse), 2014 ...
European stocks slide on weak data, Portugal bank woes LONDON: European stock markets dived Thursday on the back of weak industrial output data and a growing crisis engulfing Portuguese lender Banco Espirito Santo.Sentiment was also weighed down as Chinese exports fell short of expectations.In early afternoon deals, London's FTSE 100 dropped 0.85 percent to 6,660.88 points, after the Bank of England held interest rates as expected at a record-low 0.50 percent.Frankfurt's DAX 30 slid 1.52 percent to 9,658.87 points, the Paris CAC 40 slid ...
Still shaky despite Fed assurance LONDON: European shares were back in negative territory on Thursday, a brief lift from U.S. Federal Reserve meeting minutes proving short-lived as investors worried whether markets could go it alone without the U.S. central bank's emergency support.Faith in a rally in share prices dating back almost three years has more shaky over the past month than for some time, as the Fed nears what looks like a definitive end to its programme of new money-printing.The ...
Weaker FTSE underpinned by Burberry, Barratt, AB Foods updates LONDON: UK shares inched lower on Thursday as caution over earnings in the United States, where British firms have significant revenue exposure, outweighed the impact of robust domestic corporate updates.Minutes from the last Federal Reserve meeting, which showed the US central bank was still in no rush to begin raising interest rates, helped to limit the losses.Luxury brand Burberry posted a 12 percent rise in like-for-like retail sales for its fiscal first quarter to June ...
India, Indonesia lead emerging market gains on reform hopes LONDON: Indian shares surged more than 1.5 percent on Thursday, approaching recent record highs and bonds rallied in reaction to a growth-focused budget, outgunning the gains on broader emerging market assets.Mumbai-listed stocks were lifted after an initial dip as shares of financial firms such as IDFC and ICICI Bank gained from a move to raise the foreign direct investment limit in the insurance sector.The first budget from India's new government also stuck to the previous ...
European shares extend fall on Portugal woes, Italy data LONDON: European shares extended losses on Thursday, weighed down by heavy falls in southern indexes after weak economic data from Italy and mounting concern about the financial health of Portugal's largest listed bank.Lisbon's PSI Index fell 3 percent by 0910 GMT, lagging all other European benchmarks, after shares and bonds of the chief shareholder in Banco Espirito Santo were suspended over "material difficulties" at its parent company ESI.Italy's FTSE MIB fell 1.7 percent after data ...


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