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Currencies ease on worries over China, Fed BUDAPEST/BUCHAREST: Central European currencies eased on Monday at the start of a week heavy on regional and global financial data, with persistent concerns over China's economic slowdown weighing on market sentiment.The Polish zloty shed 0.4 percent against the euro by 0832 GMT, Hungary's forint was down 0.3 percent and the Romanian leu weakened by 0.2 percent to 4.43 versus the euro.The Czech crown remained steady, stuck to the central bank's cap of 27 against the euro.The economic data set to be scrutinised this week include regional purchasing manager indices on Tuesday and US payroll figures on Friday.Strong US data suggesting that the Federal Reserve will start to raise interest rates soon could make the region's assets relatively less attractive.Central Europe's stable and robust economic growth has been a key factor helping to shield its assets from the global fears over China that have hurt some other emerging markets."China remains the ...

China Construction Bank's risk exposure to stock markets low BEIJING: China Construction Bank Corp (CCB) has a low risk exposure to the country's stock markets, with less than 20 billion yuan ($3.14 billion) of loans collateralised with stock and 50 billion to 60 billion yuan in credit lines provided to securities firms, Chairman Wang Hongzhang said on Monday. Less than 40 billion yuan, or about a third, of the bank's wealth management products are invested in the stock market, Wang said at the bank's ...

Spain's Telefonica says gaining market share in Brazil SANTANDER: Spanish telecoms company Telefonica is gaining market share in Brazil, Chief Operating Officer Jose Maria Alvarez-Pallete told journalists, as he played down the significance of a recession in the Latin American country. Brazil is one of the biggest markets for many blue-chip Spanish companies, including Santander, Repsol and Iberdrola. The Brazilian economy slipped into recession in the second quarter, cementing its worst slowdown in nearly three decades. Telefonica agreed last year on the purchase ...

Rosneft quarterly profit falls 22pc MOSCOW: Rosneft, Russia's top oil producer, said net profit fell 22 percent to 134 billion roubles ($2.0 billion) in the second quarter due to oil prices that almost halved. Analysts polled by Reuters had expected net income of 101.2 billion roubles. Rosneft, the world's top listed oil producer, said that its hydrocarbon production in the second quarter declined by 1 percent from a year ago to 5.15 million barrels of oil equivalent per day. The ...

European shares dip, set for weakest month since August 2011 LONDON: European shares fell on Monday, with Germany's DAX and France's CAC on track for their weakest month for four years, hit by sliding Chinese stocks and prospects of a near-term US interest rate increase. The euro zone's blue-chip Euro STOXX 50 index fell 0.8 percent going into the middle of the trading session, while Germany's DAX and France's CAC each fell 0.9 percent. The pan-European FTSEurofirst 300 index eased 0.3 percent, putting it on ...

Euro zone inflation steady in August, easing pressure on ECB BRUSSELS: Annual inflation in the euro zone was the same in August as in July, defying economists' expectations of a slowdown, as rising prices of unprocessed food and services offset some of the downward pull from cheaper energy. In its first official estimate, European Union statistics office Eurostat said euro zone prices rose 0.2 percent year-on-year this month, the same as in July and more than the 0.1 percent forecast in a Reuters poll. "Stable ...


Index Closing Chg%
Arrow DJIA 16,528.03 0.69
Arrow Nasdaq 4,776.51 1.07
Arrow S&P 1,927.18 0.84
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,259.46 0.38
Arrow CAC-40 4,652.95 0.47
Arrow Nikkei 18,890.48 1.28
Arrow H.Seng 21,670.58 0.27
Arrow Sensex 26,283.09 0.41

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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