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Tokyo stocks up 3.34pc by break on weaker yen, Wall St. gains TOKYO: Tokyo stocks jumped more than three percent Monday morning, following sharp gains on Wall Street, while a weaker yen boosted exporters including Toyota and Sony.The Nikkei 225 index at the Tokyo Stock Exchange, which closed at a five-month low last week, rose 3.34 percent, or 486.04 points, to 15,018.55 by the break. The broader Topix index of all first-section shares was up 3.46 percent, or 40.69 points, at 1,217.91.By Friday's close, the Nikkei had lost more than 10 percent since hitting a seven-year high of 16,374.14 in late September -- putting the benchmark index into correction territory."There should be at least some bargain-buying today, as overseas markets have stabilised somewhat, with the dollar regaining the 107-yen mark," said SMBC Nikko Securities general manager of equities Hiroichi Nishi.The dollar rose to 107.20 yen early Monday from 106.78 yen in New York Friday afternoon, giving a lift to Japanese exporters whose ...


Blow to Japan PM as minister resigns over money scandal TOKYO: Japan's high-profile and telegenic industry minister on Monday resigned over claims she misused political funds, including to buy both votes and make-up, dealing a blow to Prime Minister Shinzo Abe's proclaimed gender reform drive.Yuko Obuchi -- who, as a 40-year-old woman, is a rarity in a world of Japanese politics dominated by older men -- told a press conference carried live on multiple television channels that parliamentary business had been stalled because of questions ...

US airdrops supplies to Syrian Kurds as Kobane battle rages MURSITPINAR: America airdropped weapons, ammunition and medical supplies for the first time to Syrian Kurds in Kobane, US Central Command said Sunday, as the fierce battle for the key city continued to rage.In a move likely to anger key ally Turkey, a C-130 cargo aircraft conducted "multiple" airdrops of supplies provided by the Kurdish authorities in Iraq.The supplies were "intended to enable continued resistance against ISIL's attempts to overtake Kobane," CENTCOM said in a statement ...

Key Chinese Communist Party meeting opens in Beijing BEIJING: Leaders of China's ruling Communist Party opened a highly-anticipated meeting Monday, as state media emphasised the need to tighten control over the country's legal system.The meeting, known as the Fourth Plenum, brings together the party's 205-strong Central Committee and around 170 reserve members, along with officials from bodies including its much-feared internal watchdog, the Central Commission for Discipline Inspection.Authorities announced in July that the theme of the meeting would be "rule of law" -- ...

Indonesia inaugurates outsider Widodo as president JAKARTA: Joko Widodo, Indonesia's first leader without deep roots in the era of dictator Suharto, was sworn in as president Monday but faces huge challenges to enact a bold reform agenda. The inauguration, which was attended by foreign dignitaries including US Secretary of State John Kerry and Australian Prime Minister Tony Abbott, capped a remarkable rise for a softly-spoken politician who was brought up in a riverside slum. Widodo, known by his nickname Jokowi, worked ...

Jihadists take heavy losses in battle for Syria's Kobane MURSITPINAR: The Islamic State group was taking heavy losses in the Syrian battleground of Kobane Sunday as Iraqi forces fought the jihadists buoyed by US backing for top government security appointments.US Secretary of State John Kerry said the appointment of defence and interior ministers after weeks of delay was a "very positive step forward" in the fightback against IS in Iraq, which Washington has made its priority.But US-led warplanes launched 11 air strikes near Kobane ...


 



 
Index Closing Chg%
Arrow DJIA 16,380.41 1.63
Arrow Nasdaq 4,258.44 0.97
Arrow S&P 1,886.76 1.29
Arrow FTSE 6,310.29 1.85
Arrow DAX 8,850.27 3.12
Arrow CAC-40 4,033.18 2.92
Arrow Nikkei 14,532.51 1.40
Arrow H.Seng 23,023.21 0.53
Arrow Sensex 26,108.53 0.42





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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln