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Pop Milano cash call won't be delayed by governance rejection MILAN: Banca Popolare di Milano said on Wednesday the recent rejection by shareholders of corporate governance reforms would not delay its plans for a capital increase of 500 million euros ($690.32 million).On Saturday the bank's shareholders unexpectedly voted down reforms designed to attract new investors three weeks before the Italian cooperative bank launches a cash call.In a statement the bank said the improved liquidity position at the bank would allow it to proceed with a further pay-back of crisis loans to the European Central Bank to the tune of 750 million euros by the end of April. It said the aim was to repay all the crisis loans by the end of 2014.The ECB lent banks more than one trillion euros in three-year loans (LTRO) during the euro zone's debt crisis, in December 2011 and February 2012, to help lenders ride out funding constraints.Copyright Reuters, 2014 ...

European shares bounce back as Chinese data reassures LONDON/PARIS: European shares rose on Wednesday, reversing the previous session's slide after economic growth data from China came in a touch above forecasts.At 1508 GMT, the pan-European FTSEurofirst 300 index was up 0.9 percent at 1,318.19 points, in a rebound most traders saw as a technical reaction to a 1 percent fall in the previous session.Earlier this month, the index hit a near six-year high, but the rally has been halted by worries over the ...
FTSE advances on Chinese data, Sports Direct sprints ahead LONDON: Britain's benchmark stock index rose on Wednesday after Chinese economic data came in a touch above forecasts, with Tesco rising on aggressive strategy plans and Sports Direct surging on a bullish note about the company.The sportswear retailer surged 5.6 percent to the lead FTSE 100 gainers. Traders cited a note from Bank of America Merrill Lynch as saying it could grow its top line at a compound annual growth rate (CAGR) of 7 percent ...
European stocks rebound LONDON: European stock markets rallied on Wednesday, rebounding from the previous day's losses on better-than-expected company earnings and Chinese growth data that also lifted Asian indices and Wall Street.Shares had ended sharply lower on Tuesday as the escalating military crisis in Ukraine spooked investors, traders said.In midday deals on Wednesday, London's FTSE 100 climbed 0.30 percent to stand at 6,561.15 points compared with Tuesday's closing level, as the benchmark shares index benefited also from official ...
European stocks rally at open LONDON: Europe's main stock markets opened with strong gains on Wednesday following rallies across Asia and on Wall Street, with indices lifted by better-than-expected company earnings and Chinese growth data.London's benchmark FTSE 100 index grew 0.78 percent to stand at 6,592.45 points compared with Tuesday's close.Frankfurt's DAX 30 advanced 0.85 percent to 9,252.30 points and in Paris the CAC 40 jumped 1.02 percent to 4,389.75.Copyright AFP (Agence France-Presse), 2014 ...
Russian markets, ruble fall over Ukraine crisis MOSCOW: The Russian stock markets and the ruble fell in early trading on Monday after clashes between pro-Russian forces and the Kiev authorities in eastern Ukraine.Western powers blame Russia for stirring up the trouble.At about 0730 GMT, Moscow's benchmark MICEX, which is denominated in rubles, had fallen 1.08 percent and the RTS, which is denominated in dollars, had fallen 2.03 percent.Shares in Gazprom energy giant had fallen 1.69 percent.The Russian ruble fell both against the ...
Global tech sector sell-off knocks back European shares LONDON: European shares slid at the open on Friday to leave them set for their first weekly loss in a month, tracking steep falls in Asian and US stocks as equities came under pressure globally. Technology stocks led sectoral falls with a 2.6 percent decline, echoing moves in the United States, where the tech-heavy Nasdaq 100 posted its biggest drop in two and half years, while the Japanese Nikkei tumbled to six-month lows. Volatility, which ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln