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Mauritius 273-day Treasury bills yield falls to 0.96pc PORT LOUIS: The weighted average yield on Mauritius' 273-day Treasury bills fell to 0.96 percent on Friday from 1.45 percent at the previous sale, the central bank said. The Bank of Mauritius sold all the 1 billion rupees (32.4 million US dollars) worth of bills on offer.It received bids worth 3.525 billion rupees at yields ranging from 2.50 percent to 0.68 percent. Copyright Reuters, 2014


Nigeria's foreign reserves rise to $39.6bn on August 26 LAGOS: Nigeria's foreign reserves rose to $39.62 billion on Aug. 26, up 1.43 percent from $39.06 billion a month previously, central bank data showed on Friday, as offshore inflows into the local bond market helped the naira currency stabilise. Reserves were down 15.5 percent from the same period last year, when they stood at $46.89 billion.Copyright Reuters, 2014

China Construction Bank's profit misses estimates as bad loans rise SHANGHAI/HONG KONG: China Construction Bank Corp (CCB) posted a lower-than-expected increase in second-quarter profit, with rising levels of bad loans, joining peers who have suffered from the country's slowing economic growth. Net profit at the country's second-biggest lender rose 7.9 percent to 64.9 billion yuan ($10.56 billion) in the quarter, according to a Reuters calculation from company figures. Profit for the first half was 130.7 billion yuan, below the average forecast in Reuters poll of ...

RBS's Coutts sets 110mn stg aside for unsuitable investment advice LONDON: Royal Bank of Scotland's private bank Coutts has set aside 110 million pounds ($182 million) to compensate customers for unsuitable investment advice, a person familiar with the matter told Reuters on Friday. RBS said earlier in August that Coutts had decided to examine the suitability of investment advice to its clients following a review into Britain's wealth management industry by the country's financial regulator. Coutts is in the process of contacting clients and will ...

SoftBank's first Sony smartphone deal takes aim at US market TOKYO: Japan's SoftBank Corp and its US mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the US market. The deal could give a much-needed boost to Sony's struggling mobile division, which last month said it no longer expected to make a profit in the year to next March. It will also bolster Sprint's handset ...

Colombia central bank expected to raise rate to 4.5pc BOGOTA: Colombia's central bank is expected to raise its benchmark interest rate by a quarter percentage point for the fifth straight month on Friday to head off inflationary pressures in an economy it says is nearing its full productive capacity. A Reuters poll this week showed 23 of 26 analysts expect the monetary policy board to raise the lending rate to 4.5 percent which would be the highest since October 2012 as the bank eases ...

Yields edge higher, pausing rally, as ECB meeting in focus NEW YORK: Treasuries yields rose slightly on Friday, pausing a week-long rally, as investors rethought expectations for next week's highly anticipated European Central Bank meeting.Comments by ECB President Mario Draghi last Friday were interpreted by some market participants as indicating that the central bank had changed its forecast on inflation lower, and that it may be more likely to embark on new quantitative easing to stave off a decline.But others say that such a move ...


 



 
Index Closing Chg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln