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European shares fall for 3rd day; Commerzbank hit by potential US fine LONDON: Banking stocks dampened a tentative rebound in European shares on Tuesday as Germany's Commerzbank was said to have become the latest lender to be negotiating a costly legal settlement with U.S. authorities.Shares in the German lender fell 3 percent as sources told Reuters that U.S. authorities had begun settlement talks with the bank and larger competitor Deutsche Bank, down 0.9 percent, over their dealings with countries blacklisted by the United States.The New York Times reported that Commerzbank's settlement was expected to include at least $500 million in penalties. This compares to a nearly $9 billion settlement struck by France's BNP Paribas in a similar case earlier this year."I think Commerzbank's stock will suffer a bit but unless they get a very big fine like BNP, I don't think it will suffer like the other banks (hit by U.S. investigations)," Mike Reuter, a broker at Tradition, said."If we see something ...

Europe's stocks, bonds dip as bank fines mount, QE hopes dim LONDON: Europe's main stock indices and bond benchmarks dipped on Tuesday amid reports of new U.S. fines on banks and dimming prospects for an asset purchase programme from the European Central Bank.Bank shares weighed on European equity indexes, compounding losses after a two-session drop, as Germany's largest lenders were said to be negotiating a settlement with U.S. authorities over their dealings with countries blacklisted by Washington following a huge fine for French lender BNP Paribas.At ...
UK's FTSE falls for 2nd day; Air France warning hits airlines LONDON: Britain's top share index fell for a second straight session on Tuesday, with airline stocks under pressure after Air France KLM issued a profit warning.Air France-KLM said its 2014 profits could be as much as 12 percent lower than previously predicted, mainly as a result of overcapacity and resulting weak prices in both the passenger and cargo sectors.London-listed International Consolidated Airlines Group fell 4.3 percent, the worst performing FTSE 100 stock in percentage terms, ...
Russian shares hit 9-month high, broader EM at 13-month highs LONDON: Russian shares hit nine-month highs on Tuesday as Moscow made no comment on Kiev's military advances in eastern Ukraine, while broader emerging stocks hit 13-month highs for a second day.Pro-Russian rebels in eastern Ukraine lost their bastion in the town of Slaviansk at the weekend, in the worst defeat of their three-month uprising. On Monday they erected new barricades on the streets of Donetsk.Russian stocks found support from the Kremlin's lack of comment on ...
European equities drop in downbeat start to week LONDON: Key European stock markets sank on Monday, getting the week off to a weak start as investors booked profits and frowned at poor German economic data, dealers said.London's benchmark FTSE 100 index fell by 0.62 percent to close at 6,823.51 points.The Paris CAC 40 gave up 1.41 percent to 4,405.76 points and Frankfurt's DAX 30 lost 1.03 percent to 9,906.07 compared with Friday's close.On Wall Street, shares were also hit by profit taking and ...
Britain's FTSE retreats from highs, miners slip LONDON: Britain's top share index edged lower on Monday, with weaker metals prices prompting investors to take some money off the table after a strong rally in the previous sessions.The UK mining index fell 1 percent, the top sectoral decliner on the blue-chip FTSE 100 index, after key metals prices fell ahead of a slew of company results and following comments from the International Monetary Fund (IMF).IMF chief Christine Lagarde said on Sunday that global ...
European equities slip in downbeat start to week LONDON: Europe's main stock markets sank Monday, making a negative start to the week as investors took profits and reacted to poor German economic data, dealers said.London's benchmark FTSE 100 index reversed 0.19 percent to 6,853.16 points in late morning deals.The Paris CAC 40 slid 0.33 percent to 4,454.23 points and Frankfurt's DAX 30 lost 0.15 percent to 9,994.28 compared with Friday's close.In foreign exchange trade, the pound hit a 2012 peak against the euro ...

 



 
Index Closing Chg%
Arrow DJIA 17,051.73 0.28
Arrow Nasdaq 4,424.70 0.17
Arrow S&P 1,973.63 0.23
Arrow FTSE 6,728.44 0.31
Arrow DAX 9,612.05 1.11
Arrow CAC-40 4,304.74 0.71
Arrow Nikkei 15,215.71 1.01
Arrow H.Seng 23,387.14 0.29
Arrow Sensex 25,715.17 0.29





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln