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European stock markets drop as Greek default nears LONDON: Europe's main stock markets fell on Tuesday as Greece confirmed it would not make a debt payment due to the International Monetary Fund by day's end, placing it on course to default.In afternoon deals Tuesday, Frankfurt's DAX 30 dropped 0.39 percent to 11,040.44 points and in Paris the CAC 40 slipped 0.32 percent to 4,854.44 compared with Monday's close.London's benchmark FTSE 100 index lost 0.56 percent to 6,594.40 points, with investors reacting to news that although Britain's economy grew faster-than-expected in the first quarter, it was down compared with growth at the end of 2014.Losses across stock markets were less acute compared with Monday, when the Frankfurt and Paris indices both closed down more than 3.5 percent over fears that Greece could be heading for a eurozone exit. That prospect that loomed even larger Tuesday after Greece's Finance Minister Yanis Varoufakis said Athens will not pay the IMF about ...

European stock markets fall at open LONDON: Europe's main stock markets fell at the start of trading on Tuesday, with Greece set to default on a payment owed to the International Monetary Fund.London's benchmark FTSE 100 index dropped 0.40 percent to open at 6,593.78 points compared with Monday's close.Frankfurt's DAX 30 lost 0.23 percent to 11,058.04 points and in Paris the CAC 40 shed 0.42 percent to 4,849.39.Losses were far less acute than on Monday, when the Frankfurt and Paris indices ...
Euro stocks rocked by deepening Greece crisis LONDON: Euro zone stocks sold off on Monday, with southern European banks in particular getting pummeled, after Greece shut its banks and imposed capital controls.Investor bets that the European Central Bank would intervene to stem any prolonged market turmoil helped limit the selling during the afternoon.Some 30 billion euros ($33.30 billion) in market capitalisation was wiped off euro zone banks as investors dumped financial stocks, fearing the ripple effects of a potential Greek exit from ...
Global stock markets slump on Greece exit fears LONDON: Global stocks slumped on Monday amid investor concern that Greece may be heading for a eurozone exit.European, Asian and US markets all sagged as Greece's decision to hold a referendum on austerity conditions demanded by its creditors in exchange for bailout funds increased the possibility of a Greek default and eurozone departure.Those fears led the euro to tumble below $1.10 in foreign exchange deals before rallying to $1.1119 -- still down from $1.1160 late ...
FTSE slips on Greek jitters, travel and banking stocks worst hit LONDON: Britain's top share index fell sharply on Monday, with investor sentiment punctured by Greece's deepening debt crisis following the breakdown of talks with creditors and Athens' imposition of capital controls. Travel and leisure stocks were hit hard by events in Greece, a popular holiday destination for Europeans, as well as news that tour companies were evacuating thousands of holidaymakers from Tunisia after a gunman killed dozens of people at a beach hotel on Friday. ...
European stock markets drop on Greece exit fears LONDON: European stocks dropped on Monday as investors feared Greece could be heading for a eurozone exit, while fallout from the Tunisia attacks hit the travel sector.The European single currency slid below $1.1 at one point with Greece ever closer to defaulting on its debt.Asian shares also tumbled because of Greece and owing to unease over China's economy, traders said."We're seeing a flight for safety in financial markets at the start of the week as ...
European stock markets plunge at open LONDON: European stocks dived at the start of trading Monday as investors fear Greece could be heading for a eurozone exit, with Frankfurt and Paris indices shedding more than four percent.The European single currency earlier dropped below $1.1 with Greece ever closer to defaulting on its debt.Copyright AFP (Agence France-Presse), 2015 ...


Index Closing Chg%
Arrow DJIA 17,6630.27 1.09
Arrow Nasdaq 5,089.21 0.98
Arrow S&P 2,093.25 1.24
Arrow FTSE 6,555.28 0.77
Arrow DAX 11,173.91 1.06
Arrow CAC-40 4,977.32 1.01
Arrow Nikkei 20,328.89 0.10
Arrow H.Seng 24,503.94 0.62
Arrow Sensex 27,459.23 0.37

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln