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South African stocks flat ahead of Fed, Richemont slumps JOHANNESBURG: South African stocks traded sideways on Wednesday as a sharp drop by luxury goods retailer Richemont weighed on a lacklustre market waiting for direction from a key U.S. Federal Reserve statement later in the day.The U.S. central bank is expected to provide clues on the next interest rate move after years of aggressive monetary stimulus.Johannesburg's Top-40 index gave up 0.15 percent to 45,814 and the wider All-share was little changed at 51,173."We are generally waiting for Yellen," said Petri Redelinghuys, a trader at Inkunzi Investments, in reference to the Federal Reserve Chair Janet Yellen."We are all just holding our breathe. If you look at the volumes traded today, it is fairly low and subdued."Shares of Richemont, owner of jewellery houses Cartier and Van Cleef & Arpels, plunged after its five-month sales figures showed slowing demand, especially in the key Asian market. Its shares were down more than 4 percent, ...

South African stocks end slightly lower, Telkom slumps JOHANNESBURG: South African stocks ended a touch lower on Tuesday, in line with major overseas markets ahead of the U.S. Federal Reserve's policy meeting, with Telkom among the worst performers as doubts crept in about its turnaround plan.Telkom dropped 4.7 percent to 55.50 rand, extending its sharp decline to a second day and paring a two-fold increase notched up so far this year.The fixed-line operator is in a middle of a turnaround plan that includes ...
Saudi corporate earnings growth set to jump before bourse opening DUBAI: The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.The combined net profits of Saudi Arabia's leading companies are expected to rise 17 percent in 2014 and a further 11 percent in 2015, largely on the back of petrochemical producers and banks, although a number of companies ...
SABMiller, AngloGold pull South African stocks higher JOHANNESBURG: South African shares climbed on Monday after heavyweights such as the world's second-largest brewer SABMiller and Africa's top bullion producer AngloGold Ashanti helped prop up an otherwise saggy market.Johannesburg-listed shares of SAB ended up almost 10 percent at 668.91 rand after a media report that larger rival Anheuser-Busch InBev was lining up financing for a possible $122 billion takeover bid.The report comes a day after Dutch brewer Heineken said SABMiller had approached it about ...
Dubai stocks rises on Arabtec; Saudi market dips further DUBAI: Builder Arabtec helped lift Dubai's bourse on Monday as investors speculated that Abu Dhabi state fund Aabar Investments might increase its stake in the firm and pay a premium to the market price.The Dubai index rose 0.5 percent as Arabtec jumped 3.7 percent to 4.77 dirhams and dominated trading volumes. News channel Al Arabiya reported on Monday that former Arabtec chief executive Ismaik had agreed to sell half of his 27.90 percent stake in ...
South Africa's stock market trade resumes after network glitch JOHANNESBURG: South Africa's Johannesburg Stock Exchange (JSE) said trade had resumed after a system failure caused a two-hour stoppage on Monday.The bourse said it had reopened its auction call session at 11:00 am (0900 GMT) and continuous trading would resume at 11:30 am."The JSE has resolved the network issue and clients should now be receiving multicast data on both the A and B feeds," it said in a statement.The JSE has been hit by problems ...
Dubai rises; Waha Capital jumps on buyback plan DUBAI: Dubai's stock market continued its recovery in early trade on Monday from last week's slide, while Abu Dhabi's Waha Capital surged after saying it planned a share buyback. The Dubai index added 0.9 percent as most stocks rose. Emaar Properties, which on Sunday opened subscriptions for the $1.58 billion initial public offer of its malls unit, was the main support, gaining 0.4 percent. Cashing out by retail investors in preparation for the IPO was ...


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln