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Vodafone hits 14-year high as M&A talk rumbles on LONDON: Britain's top share index hit its highest level in 10 days on Friday, driven by a jump in network operator Vodafone's shares, which hit a 14-year high on the back of potential merger activity. Markets also got a lift after data showed Britain's public sector budget deficit narrowed more than expected in April, giving finance minister George Osborne a boost as he renews his push to fix the country's finances. "(Osborne) will be very pleased with the good start to the fiscal year," said Howard Archer, an economist at IHS Global Insight. Vodafone rose almost 5 percent, following upgrades from Citi and Deutsche Bank.Both brokers cited comments earlier in the week from Liberty Global chairman John Malone that Vodafone would be a "great fit" for the company. Vodafone is up 12 percent since Wednesday. Goldman Sachs said that following an investor meeting on Thursday, it believed the company was ...

TSX eases after recent rally as energy, financials drag TORONTO: Canada's main stock index retreated on Friday, weighed down by cooling energy and financial stocks, with investors taking some profits after making gains in four of the previous five sessions. The top 10 biggest drags on the TSX were either in energy or financials.Enbridge Inc was the most influential loser on the index, falling 0.94 percent to C$62.08. Bank of Nova Scotia followed with a 0.6 percent loss to C$64.60. The overall energy sector ...

Oil down more than 1 pct ahead of long US Memorial Day weekend NEW YORK: Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices. Heating oil, a proxy play for diesel, and gasoline slipped more than 1 percent too on concerns of outsized US supply despite forecasts for a spike in driving this weekend and through Monday's Memorial Day holiday. Worries that fewer US oil rigs were being ...

State Department to release Clinton emails WASHINGTON: A first batch of emails by former secretary of state Hillary Clinton, relating to Libya and a 2012 militant attack on the US mission in Benghazi, will be released Friday, the State Department said. The emails have stoked fresh controversy since Clinton -- now running for president in 2016 -- admitted to having used a private server and email address during her tenure as secretary of state from 2009 to 2012.State Department deputy spokeswoman ...

PTI fails to substantiate solid evidence of rigging through its witnesses: Anusha ISLAMABAD: Minister of State for Information Technology Anusha Rehman on Friday said that Pakistan Tehreek-e- Insaf (PTI) had failed to substantiate any solid evidence of alleged widespread systematic rigging in the 2013 general election through its witnesses till now before the General Election Inquiry Commission (GEIC).Talking to reporters outside Supreme Court after the GEIC proceedings, the State Minister asked the PTI leadership to accept election results whole heartedly like Shah Mahmood Qureshi, who accepted defeat ...

Honest, dutiful officers, an asset for organization: Interior Minister ISLAMABAD: Minister for Interior and Narcotics Control, Chaudhry Nisar Ali Khan on Friday said that honest and dutiful officers were an asset for any organization.He stated this in a farewell meeting with Director Interior Minister Office SSP Sajid Kiyani, who was posted to Police Lines after two years of meritorious service, said a press release.The Minister expressed hope that SSP Sajid Kiyani would continue to serve with same zeal in his new assignment.He lauded the ...


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln