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Australian stocks rise 1.04pc despite Greece default SYDNEY: Australian stocks Wednesday recorded a second-straight day of gains despite Greece defaulting on its IMF debt as banks strengthened and the market was buoyed by a US$6.8 billion bid for a local port operator.The benchmark S&P/ASX200 index rose 56.7 points to finish at 5,515.7. "I think there's a mixture of wait-and-see," Leyland Private Asset Management senior portfolio manager Rohan Schmidt told AFP about Greece's uncertain future ahead of a weekend referendum."The American market was fairly benign overnight... and Australia's just entering into its new financial year so a lot of the pressure of the tax loss selling is off our market and there's a little bit of accumulation of high-quality stocks today."Logistics stocks were boosted by a bid from Canada-based Brookfield Infrastructure Group for Australian ports and rail operator Asciano.In late trade the Australian dollar was buying 77.12 US cents, up from 76.98 US cents early Wednesday. It was ...

Iran nuclear talks deadline extended to July 7 VIENNA: Iran and six major powers gave themselves until July 7 to clinch a historic nuclear deal after a deadline to end marathon talks passed as the clock struck Wednesday, with no breakthrough in sight.Russian Foreign Minister Sergei Lavrov, who joined the meeting in Vienna on what was meant to be the final day of talks on Tuesday, said that after almost two years of trying, he still believed a deal to end the 13-year ...

World Bank warns China over state financial control BEIJING: The World Bank on Wednesday urged China to accelerate reform of its state-dominated financial sector, warning that failure to address the issue could end "three decades of stellar performance" for the world's second-largest economy.The ruling Communist Party has pledged a wide range of economic reforms and the Washington-based institution said reducing the "unique and distorted role of the state" in banking and the wider financial sector was crucial."Wasteful investment, overindebtedness, and a weakly regulated ...

Greece seeks new EU loans after IMF debt default BRUSSELS: Greece lurched deeper into crisis Wednesday as European finance ministers prepared to consider a request for new loans in a last-ditch effort to keep the country in the eurozone after it defaulted on a key payment and a bailout keeping its economy afloat expired.Cash-strapped Greece became the first developed country to default on the International Monetary Fund after missing a 1.5 billion euro ($1.7 billion) payment on Tuesday, as efforts to find a compromise ...

Indonesia military plane crash toll rises to 142 MEDAN: The death toll from the crash of an Indonesian air force plane packed with military personnel and their families rose to 142 Wednesday, as witnesses described people fleeing the disaster zone covered in blood with their clothes alight.The Hercules C-130 transport plane crashed into a residential area in the city of Medan on Tuesday, shortly after taking off from an airbase in the city on Sumatra island. Buildings were severely damaged, cars reduced to ...

Rebel fire kills 20 civilians in Yemen's Aden ADEN: - Rebel fire on a residential district of Yemen's battleground second city Aden killed at least 20 civilians and wounded 41 early Wednesday, medical sources said.The Huthi rebels and their allies pounded the city's loyalist-held Al-Mansura district with 15 Katyusha rockets from their positions in the Dar Saad neighbourhood, loyalist forces spokesman Ali al-Ahmadi told AFP.Copyright AFP (Agence France-Presse), 2015


Index Closing Chg%
Arrow DJIA 17,757.91 0.79
Arrow Nasdaq 5,013.13 0.53
Arrow S&P 2,077.42 0.69
Arrow FTSE 6,608.59 1.34
Arrow DAX 11,180.50 2.15
Arrow CAC-40 4,883.19 1.94
Arrow Nikkei 20,329.32 0.46
Arrow H.Seng 26,250.03 1.09
Arrow Sensex 28,020.87 0.86

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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln