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Britain's FTSE retreats as disappointing China data hits miners LONDON: Britain's top share index retreated from an eight-week high on Thursday, with mining shares falling the most after a survey showed growth in China's vast factory sector stalled in November.The broader stock market came under further pressure after another survey showed Germany's private sector had grown at the slowest rate in 16 months in November as manufacturing stagnated and services lost momentum, signalling a weak fourth quarter for Europe's largest economy.The blue-chip FTSE 100 index fell 0.3 percent to 6,674.89 points by 0848 GMT, after rising to its highest level since late September in the previous session.The UK mining index dropped 1.6 percent, the biggest sectoral decliner, after the flash HSBC/Markit China manufacturing purchasing managers' index (PMI) fell to a six-month low and slightly below analysts' forecasts. China is the world's biggest metals consumer."It's not surprising that the market is reacting to weak commodity prices and disappointing Chinese data," ...

European stocks fall at open LONDON: Europe's main stock markets fell slightly at the start of trading on Thursday, with London's benchmark FTSE 100 index down 0.14 percent to 6,687.35 points.Frankfurt's DAX 30 slipped 0.13 percent to 9,460.40 points and the CAC 40 in Paris dipped 0.04 percent to 4,264.61 compared with Wednesday's closing values.Copyright AFP (Agence France-Presse), 2014 ...
Drop in Royal Mail puts Britain's FTSE under pressure EDINBURGH: Britain's main equity index snapped a four-day rally on Wednesday as falling iron ore prices hit mining stocks and trading updates from Royal Mail and testing firm Intertek disappointed investors.Royal Mail Group reversed slight early gains to drop 8.2 percent to the bottom of the index.Although Royal Mail's 21 percent fall in six-month operating profit to 279 million pounds was less severe than many analysts had feared, it warned that online retailer Amazon's delivery ...
European shares edge lower ahead of Fed minutes LONDON: European shares edged lower from a seven-week high late on Wednesday, tracking a fall in U.S. equities, with investors trading cautiously ahead of minutes from the most recent Federal Reserve policy meeting.The market also came under pressure from a sharp decline in mining shares after China's iron ore futures dropped nearly 5 percent to a record low. That also pushed down spot prices, which have slumped to their weakest in more than five years ...
European shares slip; Areva sinks after suspending targets PARIS: European shares inched lower in early trade on Wednesday after a sharp fall in iron ore prices pummeled mining stocks and French nuclear group Areva also took a big hit.Shares in Areva tumbled 19 percent after it suspended its 2015 and 2016 financial targets, blaming delays in a Finnish atomic project, the slow restart of Japan's reactors and a lacklustre nuclear market."Another profit warning," a Paris-based trader said. "There's a complete lack of visibility ...
Shares fall, dollar gains as economic outlooks diverge LONDON: Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world's major economies.Oil prices stayed near 4-year lows on signs of disagreement between OPEC members before a meeting next week.European shares opened lower, dragged down by miners after a sharp fall in iron ore prices. The pan-European FTSEurofirst 300 index was down 0.3 percent."There's ...
European shares edge higher, Swiss index hits 7-year high LONDON: European shares turned positive in morning trading on Wednesday, helped by some encouraging broker upgrades, with Switzerland's SMI equity index hitting the 9,000-point mark for the first time since late 2007.Prudential rose 1.1 percent to lead insurers after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630 pence. AstraZeneca was up 1.4 percent, helping the European healthcare index after Natixis raised its price target for the stock.At 1050 GMT, ...


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

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