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European shares up, RSA and Melrose surge on M&A news LONDON: European shares bounced in early trading on Tuesday after falling in the previous five sessions, with some strong company results and mergers and acquisitions news supporting the market.RSA Insurance Group surged 12.9 percent after Zurich Insurance said it was weighing up a bid for the British group with a market capitalization of 4.4 billion pounds ($6.85 billion).Engineering turnaround specialist Melrose jumped 15 percent after saying it would sell its Elster business to Honeywell International for 3.3 billion pounds ($5.14 billion) in cash..Shares in Kering rose 5.6 percent, after Gucci, the flagship brand of the French luxury and sportswear group, posted a 4.6 percent rise in underlying second-quarter sales, marking a much sooner than expected rebound under its new creative and management duo. The FTSEurofirst 300 index of top European shares was 0.4 percent higher at 1,536.12 points by 0712 GMT after hitting a two-week low in the previous session.Copyright ...

Britain's FTSE falls for fifth session in a row LONDON: Britain's top share index fell for the fifth session in a row on Monday, weighed down by media group Pearson and commodity stocks which pushed the market towards six-month lows reached last week. The blue-chip FTSE 100 index ended 1.1 percent lower at 6,505.13 points, in its longest losing streak so far in 2015. Pearson fell 4.8 percent, the worst performing FTSE 100 stock in percentage terms, after several brokers cut their price targets ...
European shares close sharply lower on China concerns LONDON: European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results.A slightly better-than-expected July reading from the German IFO business climate index helped ease some of the sell-off pressure in early trading. But shares fell further following a weaker start on Wall Street on concerns that China's growth prospects were dimming, after Shanghai stocks suffered their biggest one-day loss in ...
European stock markets slide on China plunge LONDON: European stock markets sank on Monday as investors reacted to the biggest one-day plunge in Chinese equities in more than eight years.Markets meanwhile awaited this week's US Federal Reserve's monetary policy meeting for a handle on its plans for interest rates.Nearing midday deals, London's benchmark FTSE 100 index of major blue-chip companies dropped 0.15 percent to 6,569.70 points.Frankfurt's DAX 30 shed 1.19 percent to 11,212 points and the CAC 40 in Paris lost 1.37 ...
Greek stock market to remain shut until new decree is issued ATHENS: Greece's stock exchange will remain closed until the government issues a new decree on the bourse, the country's regulator said in a statement on Monday.The Greek stock exchange has been shut since June 29, when a cash-strapped Greek government imposed capital controls to ward off a collapse of its banking system after the country rejected a cash-for-reforms deal in a referendum.A spokesperson for the bourse earlier said the exchange would remain shut on Monday ...
Britain's FTSE falls, lead lower by Pearson and Merlin Entertainments LONDON: Britain's top share index edged lower on Monday after falls in Merlin Entertainments and Pearson and ahead of GDP data due later in the week, but outperformed broader European equities as battered miners staged a rebound.The blue-chip FTSE 100 index was down 0.3 percent at 6,559.00 points by 0752 GMT. It fell 1.1 percent on Friday, with a slump in commodity shares tracking a sharp drop in metals and oil prices."I think what's really ...
European shares steady at open LONDON: European stocks held steady in opening deals on Monday as investors mulled a poor session in Asia following hefty pre-weekend losses on Wall Street.London's benchmark FTSE 100 index of top blue-chip companies added just 0.05 percent to 6,583.04 points, while Frankfurt's DAX 30 dropped 0.53 percent to 11,287.77 points and the CAC 40 in Paris slid 0.52 percent to 5,030.89 compared with Friday's closing levels.Asian markets mostly retreated Monday following a fourth successive sell-off ...


Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
Arrow CAC-40 4,541.16 2.40
Arrow Nikkei 18,165.69 3.84
Arrow H.Seng 21,185.43 2.24
Arrow Sensex 25,696.44 2.23

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln