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ASOS surges as UK's FTSE hovers near 1-month high LONDON: Britain's top equity index steadied near one-month highs on Wednesday, with online retailer ASOS jumping on speculation it could be a takeover target.The blue-chip FTSE 100 crept higher by 0.1 percent, or 6.70 points, to 6,829.46 points by the middle of the trading day.ASOS, whose shares have been hammered this year by a profit warning and a warehouse fire in June, surged 13.5 percent to 2,665 pence after British newspapers reported it could be a bid target.ASOS officials could not be immediately reached for comment on the report, and ASOS' shares remain down by nearly 60 percent since the start of 2014 despite Wednesday's move higher.The FTSE 100 has risen some 4.5 percent over the past 2-1/2 weeks, boosted by speculation that the European Central Bank could unveil new stimulus measures to shore up the euro zone's struggling economy."There's a lot of confidence returning to market with the ECB," ...

European shares steady, Seadrill slips after results LONDON: European shares steadied on Wednesday, pausing after a 2-1/2-week rally, after data showing German consumer morale fell for the first time in more than 1-1/2 years curbed appetite for stocks.Falls by individual companies also put pressure on the market, with Seadrill, the world's biggest offshore driller by market capitalisation, down 6 percent after its second-quarter earnings missed forecasts.The impact of the Ukrainian crisis and tensions between the West and Moscow were visible again in ...
ECB speculation drives down yields, weighs on euro LONDON: Euro zone government bond yields plumbed record lows on Wednesday and the euro fell to its weakest in a year against the dollar on expectations the European Central Bank will act soon to counter low growth and slowing inflation.The prospect of further stimulus, through an asset-buying programme known as quantitative easing, also buoyed stock markets. European shares rose again, building on two days of strong gains, and Wall Street was expected to open higher.Fuelling ...
European shares hold steady after brisk 2-1/2 week rally PARIS: European shares were steady in early trade on Wednesday, pausing after a 2-1/2 week rally, with data showing German consumer morale falling for the first time in more than 1-1/2 years denting investors' appetite for stocks. The impact of the Ukrainian crisis and tensions between the West and Moscow were visible again in European company results on Wednesday.Marine Harvest, the world's largest salmon farmer, said it expected Russian sanctions to pose short-term challenges. Its ...
Foxtons lags steady UK stocks as it eyes sales slowdown LONDON: Britain's equity indexes steadied early on Wednesday as some fresh, worrying signals about the European economy dampened investor appetite for shares after a strong run. Mid-cap estate agency Foxtons led declines on the broad FTSE 350 index as it fell 5.3 percent after saying it expected to see a slow down in the rapid rate of property transactions in the second half of the year, due to government measures aimed at controlling mortgage lending. ...
Russian stocks open up following Russia-Ukraine talks MOSCOW: Russian stocks opened slightly higher on Wednesday following a summit in Minsk where Ukraine's President Petro Poroshenko told Russian leader Vladimir Putin he would work on a ceasefire to defuse Ukraine's separatist crisis. At 0615 GMT, the dollar-denominated RTS index was up 0.3 percent at 1,263 points, while its rouble-based peer MICEX was 0.4 percent higher at 1,450 points. The Minsk meeting, at which Russia and Ukraine also agreed to resume gas talks, is ...
Shares in Telecom Italia rise as Grupo Oi eyes its Brazil unit MILAN: Shares in Telecom Italia rose in early trade on Wednesday after Brazil's telecommunications company Grupo Oi said late on Tuesday it hired an adviser on a plan to win control of the Italian group's Brazilian unit. In a securities filing, Oi named bank BTG Pactual as a "commissioner" to find potential alternatives to buy the stake that Telecom Italia SpA has in local carrier TIM Participacoes SA. The Italian phone incumbent is expected to ...

 



 
Index Closing Chg%
Arrow DJIA 17,122.01 0.09
Arrow Nasdaq 4,569.62 0.02
Arrow S&P 2,000.12 0.01
Arrow FTSE 6,830.66 0.12
Arrow DAX 9,569.71 0.19
Arrow CAC-40 4,395.26 0.04
Arrow Nikkei 15,534.82 0.09
Arrow H.Seng 24,918.75 0.62
Arrow Sensex 26,560.15 0.44





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln