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Greek stocks close with record drop of 16.23pc ATHENS: Greece's stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.The general index settled at 668.06 points with the nation's outflow-hit banks and top corporations taking a beating.The exchange's previous worst showing was in 1987 when the index had lost 15.03 percent.The banking index on Monday lost nearly 30 percent, with the top four Greek lenders shedding the same amount, the maximum daily loss allowed.Bourse officials said the selling spree was logical following the five-week shutdown and noted the situation could take a month to normalise."Pressure by sellers was high. It is logical and anticipated by everyone," stock market chairman Socrates Lazaridis told Bloomberg TV, noting that he expected the market to stabilise in a month's time."After five weeks of non-transacting ability, it was important to incorporate the changes that have taken place in the international environment of ...

European stock markets slip at open LONDON: Europe's main stock markets fell slightly at the start of trading on Monday, with London's benchmark FTSE 100 index dipping 0.10 percent to 6,689.93 points. Frankfurt's DAX 30 shed 0.12 percent to 11,295.50 and in Paris the CAC 40 slipped 0.11 percent to 5,076.80 compared with Friday's close.The Athens stock exchange reopens Monday at 0730 GMT after a five-week shutdown over the country's debt crisis, with traders bracing for a volatile session.Bank shares are ...
Greece to extend stock short-selling ban ATHENS: Greece will extend a short-selling ban on stocks that went into effect when capital controls were imposed on June 29 and expires on Monday, a source at the country's securities regulator told Reuters."There will be an extension of the full ban on short-selling," the official said, declining to be named. " A decision will be announced later on Monday."Trading on the Athens bourse was suspended in late June as part of capital controls imposed ...
European shares edge lower, commodity stocks weigh LONDON: European shares fell slightly after hitting a one-week high on Friday, with commodity stocks leading the market lower after prices of crude oil and major industrial metals dropped on supply-demand concerns. The European oil and gas index fell 1 percent as oil prices fell after producers' cartel OPEC indicated there would be no output cuts despite a huge global oversupply, while the STOXX Europe 600 basic resources index was down 1.8 percent after copper ...
Britain's FTSE slips as mining stocks weaken LONDON: Britain's top equity index edge down on Friday as a pullback in mining stocks weighed on the market, which had risen for the last three sessions in a row. The blue-chip FTSE 100 index was down 0.1 percent at 6,661.53 points going into the middle of the trading session. Mining stocks such as Antofagasta and Glencore were among the worst performers as copper and metals prices dropped on persistent worries about demand in China. ...
European stock markets inch up at open LONDON: European stocks inched up at the start of trading on Friday following a healthy batch of growth data out of the United States and as investors awaited eurozone inflation and jobs data.London's benchmark FTSE 100 index rose 0.23 percent to 6,684.32 points, while in Paris the CAC 40 was up 0.34 percent at 5,063.47 points.In Germany, Frankfurt's DAX 30 rose 0.13 percent to 11,271.31.The US Commerce Department on Thursday said the world's top economy ...
European shares gain after upbeat earnings reports; China still a drag LONDON: European equities enjoyed their third straight day of gains on Thursday with results from Siemens, Nokia and Safran underpinning the signs of recovery. Sentiment was also buoyed by the US Federal Reserve's relatively bright picture of improving labour-market conditions, without appearing any more aggressive than expected on the timing of an interest rate increase. However, concerns over China's growth and emerging markets weighed on companies, among them drinks group Anheuser-Busch InBev. Carmaker Renault warned ...


Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
Arrow FTSE 6,688.62 0.11
Arrow DAX 11,443.72 1.19
Arrow CAC-40 5,120.52 0.75
Arrow Nikkei 20,548.11 0.11
Arrow H.Seng 24,411.42 0.91
Arrow Sensex 28,187.06 0.26

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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 $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln