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ECB says to test banks not in earlier health check FRANKFURT: The results of a health check of nine additional euro zone banks will be published in November, the European Central Bank said on Friday, adding that eight of that group had not been part of an earlier wider round of tests. A health check last year had focused on 130 banks. The latest round of tests will focus on eight additional banks while a ninth bank will be subject to a stress test because this had been postponed. The nine banks include Banque Degroof S.A., Agence Fran?aise de D?veloppement, J.P. Morgan Bank Luxembourg S.A., Mediterranean Bank plc, Sberbank Europe AG, VTB Bank (Austria) AG, Novo Banco, SA, Unicredit Banka Slovenija d.d., and Kuntarahoitus Oyj (Municipality Finance plc). In the case of Novo Banco, only a stress test will be done, the ECB said earlier. Copyright Reuters, 2015

Global coffee demand growth falters, Brazil the weak link LONDON: Global coffee demand growth is slowing as emerging economies face growing headwinds, putting expectations on ice that Brazil will overtake the United States to be the world's top consumer. Asia continues to spearhead rising demand for coffee, but fears over the Chinese economic slowdown will curb growth rates seen over the last several years. "Asian countries are driving consumption growth in coffee, but the problem is that struggling economies will slow down the growth ...

European shares set for biggest gain since January, led by miners LONDON: Top European stocks hit a one-month high on Friday and were set for their biggest weekly gain since late January on stronger mining shares and renewed hopes of interest rates staying ultra-low for longer.The pan-European FTSEurofirst 300 index is up 4.8 percent so far this week, with investors back buying equities after a sharp sell-off in August and September, reassured by some stabilisation in commodity prices. The index was up 0.8 percent on Friday. ...

SE Asia Stocks: Rise in strong week after dovish Fed minutes BANGKOK: Southeast Asian stock markets rose on Friday, notching up strong gains on the week, as dovish minutes from the US Federal Reserve's September meeting further pushed up expectations of a delay in rate lift-off by the Fed.The Jakarta composite index jumped 2.2 percent, taking its gain on the week to 9.1 percent, the biggest since April 2009. The overall stock market recorded net inflows through the week worth a combined 2.3 trillion rupiah ($171.51 ...

Stocks eye biggest rally in 4 years on Fed relief LONDON: World stocks rallied on Friday, putting them on course for their biggest weekly rise in four years after minutes of the Federal Reserve's last policy meeting showed the US central bank is in no rush to raise interest rates. Investors' relief that the Fed probably won't move until some time next year saw them take on more risk across the board, with commodities in particular recovering some of their recent heavy losses to chalk ...

Nigerian at centre of Ebola scare did not have the virus: WHO GENEVA: A person who died in a suspected case of Ebola in Nigeria, triggering a scare and the quarantine of 10 others, did not have the deadly virus, World Health Organization spokesman Gregory Hartl said by email on Friday. "(The) dead person tested negative for Ebola. So this person is not going to be the source of an Ebola event," Hartl wrote. A laboratory investigation showed the dead person did not have Ebola or Lassa ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln