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Euro edges higher, stocks sag before ECB meeting LONDON: The euro edged higher and European stocks pulled back on Thursday as investors waited to see what message ECB chief Mario Draghi will send after the European Central Bank's monthly meeting, following another run of poor euro zone data.Markets were also watching for signs Draghi may temper his readiness for more aggressive stimulus given reports of internal opposition to his leadership style and long-standing unease about quantitative easing.Having jumped 1.7 percent on Wednesday and over 10 percent over the last two weeks, European shares opened down 0.4 percent as a mixed batch of company earnings gave investors an additional spur to cash in some of their recent gains.In the currency market, the euro also nudged back above $1.25 as a recent sharp rally in the dollar, particularly against the yen, came to a halt after volatile moves overnight.But with markets having picked themselves up again after last month's beating, ...

Monte Paschi shares suspended limit down MILAN: Shares in Italy's Monte dei Paschi di Siena were suspended for excessive losses on Thursday after the bank approved a rights issue of up to 2.5 billion euros ($3.1 billion) to plug a capital shortfall laid bare by European checks. Shares in the bank were indicated down 3.9 percent by 0842 GMT, having risen around 14 percent this week before the approval of the capital increase was announced late on Wednesday. Copyright Reuters, 2014 ...
European stocks fall at open, before rate calls LONDON: Europe's main stock markets dropped at the start of trading on Thursday, as investors awaited the outcome of monetary policy meetings being held by the ECB and Bank of England.London's benchmark FTSE 100 index lost 0.46 percent to 6,508.74 points and Frankfurt's DAX 30 slipped 0.33 percent to 9,284.97.In Paris, the CAC 40 shed 0.36 percent to stand at 4,193.48 compared with Wednesday's closing value."The general mood in the market today is one of ...
Republican gains push dollar to 7-year high versus yen LONDON: Sweeping Republican party wins in US mid-term elections pushed the dollar to a seven-year high against the yen and lifted US stock futures on Wednesday. More soft data from China left oil at its lowest in four years.Republicans rode a wave of voter discontent to secure control of the US Senate and strengthen their grip on the House of Representatives in a punishing blow to President Barack Obama that will limit his power in ...
European shares bounce back, helped by solid earnings PARIS/LONDON: European stocks rebounded on Wednesday, helped by positive company results including from British retailer Marks & Spencer, whose shares surged more than 8 percent.Some traders said the rally could be short-lived if European Central Bank (ECB) chief Mario Draghi fails on Thursday to unveil new stimulus measures to spur economic growth in the struggling euro zone."If we get nothing from the ECB, which is a close call, we may see some downside," Philippe Gijsels, ...
Marks & Spencer share rally lifts Britain's blue-chip FTSE index EDINBURGH: Britain's top share index advanced on Wednesday, as reassuring corporate reports helped counteract modest weakness in commodity-related stocks.Retailer Marks & Spencer led the market higher, surging 9.1 percent after raising its margin outlook, while aircraft parts supplier Meggitt gained on its plan to start a share buyback programme.Marks & Spencer was the biggest gainer in the blue-chip FTSE 100 index, after Britain's top clothing retailer by revenue posted a rise in underlying first-half profit ...
European stock markets, dollar rally; gold, oil slide LONDON: Europe's leading stock markets rose on Wednesday, largely clawing back the previous day's heavy losses, as traders reacted positively to the outcome of US midterm elections.London's benchmark FTSE 100 index climbed 0.88 percent to stand at 6,510.73 points around midday in the British capital.Frankfurt's DAX 30 won 1.19 percent to 9,275.57 points and in Paris the CAC 40 won 1.21 percent to 4,180.37 compared with Tuesday's closing value.European markets had fallen sharply on Tuesday ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln