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Assets rebound, Hungary's central bank holds fire BUDAPEST: Central European assets recouped part of the previous session's sharp losses on Tuesday as some Asian stocks also rebounded.Stocks in the European Union's emerging markets extended gains after China cut rates to help its stuttering economy and try to calm its financial markets.The forint was flat at 312.65 against the euro at 1337 GMT after Hungary's central bank kept interest rates on hold at record lows as expected.The forint had already rebounded late in the previous session from a 7-week low at 317 hit on Monday during the global selloff.The Hungarian central bank said it needed to stay cautious due to concerns about China and long-flagged prospects of an eventual US rate rise.The forint has moved in tight ranges in the past weeks despite risk aversion in global markets, the bank added.After a muted initial response to China's crisis, central European currencies weakened on Monday past lows hit during ...

European markets surge after 'Black Monday' losses PARIS: European stock markets roared back into the black Tuesday, with most indices regaining much of the steep losses suffered the previous session on fears of economic slowdown in China.In trading around 1130 GMT, London's FTSE 100 index was up 3.53 percent, the CAC 40 in Paris rose 4.58 percent and the DAX 30 in Frankfurt climbed 4.28 percent. The trio had closed 4.67, 4.7 and 5.35 percent lower respectively on Monday amid a global ...
China rate cut give stocks biggest boost in two years LONDON: Emerging markets stocks saw their biggest rise in two years on Tuesday after a rate cut from China to try to stabilise its troubled markets sent investors on a buying spree after seven days of back-to-back falls. MSCI's benchmark EM stocks index recovered almost half of the 5 percent it had lost on Monday when worries about China's economic health had sent global markets into a panic. The out-of-hours move by China's central bank ...
Moscow stock exchange rebounds by 2.25pc after plunge MOSCOW: Russia's stock market bounced back Tuesday morning by 2.25 percent after plummeting by nearly five percent the previous session.Moscow's dollar-denominated RTS index was up by 2.25 percent at 0700 GMT, while the ruble-denominated Micex index had gained 0.68 percent.Russia's battered currency reached its lowest value this year on Monday as the euro passed the symbolic 80 ruble mark for the first time since December.The ruble also dropped to more than 70 to the dollar ...
Athens stock market rises over 5pc after Monday's rout ATHENS: The Athens stock market posted gains of over five percent on Tuesday morning after a more than 10 percent drop the previous day during the ferocious global stock rout.During mid-morning trading, the Athex Composite surged 5.31 percent after plunging 10.54 percent amid "Black Monday" turmoil across global markets panicking over feared economic slowdown in China. Among other European bourses rebounding Tuesday, Paris gained 3.15 percent, Lisbon rose 3.13 percent, Milan increased 3.43, Madrid gained ...
Global stocks plunge further on China woes LONDON: Global stock markets plunged and commodity prices hit new lows Monday extending a Chinese-led rout, fed by fears of a damaging slowdown in the world's second-largest economy.Chinese stocks have tumbled since peaking in mid-June and authorities have launched broad interventions to try to restrain the drops, but Beijing's latest market intervention has failed to restore confidence.Several European markets sank more than seven percent in afternoon trades, while US stocks slumped at the open with ...
Greek stocks plunge more than 10 percent ATHENS: Greek stocks plunged more than 10 percent on Monday, succumbing to a Chinese-led rout on global markets and domestic political uncertainty ahead of likely elections next month.The ATHEX exchange closed with a 10.54-percent loss, falling to 568.38 points -- a three-year low. About a half hour before the close, it was down 11.3 percent.Politics have dampened market sentiment as a new eurosceptic party set up by rebels from the ruling Syriza party was given ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln