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Indian rupee, 10-year bonds see worst week since Aug; global cues key MUMBAI: Indian bonds and the rupee weakened on Friday to post their worst weekly falls since August as sentiment remained subdued after a volatile week marked by concerns about financial contagion from the tumbling Russian rouble. Although hopes the US Federal Reserve would not be in a hurry to raise interest rates soothed sentiment, traders expect markets to remain volatile until the end of the year because of thinning foreign investor inflows. Foreign investors sold shares worth a net $906.8 million over the last eight sessions until Thursday and debt worth $245.7 million in the three sessions to Wednesday. "Global liquidity will be thin ahead of the year-end, so Indian markets will move mostly on domestic news," said Vikas Babu Chittiprolu, a senior foreign exchange dealer with the state-run Andhra Bank. The partially convertible rupee closed weaker at 63.2950/3050 per dollar compared with Thursday's close of 63.11/12. On the week, ...


BASF, Gazprom cancel gas asset swap as Russian crisis intensifies FRANKFURT: German chemicals group BASF SE and Russia's Gazprom have abandoned a gas assets swap deal planned for this year as companies across Europe continue to suffer from growing tensions between Moscow and the West.Relations between Russia and Western countries have deteriorated rapidly over the conflict in Ukraine, which has led to sanctions on both sides and hurt Western companies with business interests in Russia. The standoff has damaged the Russian economy, along with falling ...

Double blow for Roche as breast cancer, Alzheimer's studies fail ZURICH/LONDON: Roche suffered a double blow on Friday as two clinical studies of drugs for breast cancer and Alzheimer's disease failed, sparking the biggest percentage fall in its stock in five years. The Swiss drugmaker said it was ending a late-stage study of experimental Alzheimer's drug gantenerumab after it failed to prove effective, underlining the difficulty of treating the memory-robbing disease and removing "blue sky" upside for the shares. Commercially, however, the failure of Roche's ...

UK gilts trade at highest premium over German debt in a month LONDON: The premium that 10-year British government bonds offer over the equivalent German debt rose to its highest level in a month on Friday, after a fresh sign that the European Central Bank was moving towards the purchase of government bonds. The yield spread between the benchmark 10-year gilt and its Bund counterpart peaked at 129.5 basis points, its highest level since Nov. 21, according to Reuters data. At 1237 GMT it stood at 129 ...

Global steel output edges up in November, China dips LONDON: Global crude steel output edged up 0.1 percent year on year in November, boosted by the Americas where demand is on the rise, while output in top steel producer China dipped, but not enough to support weak world steel prices, industry data showed.Crude steel output hit 131 million tonnes in November, boosted by a 2.4 and 2.7 percent rise in North and South America, respectively, World Steel Association data showed on Friday.Output in China, ...

Colombia central bank seen holding interest rate at 4.5pc BOGOTA: Colombia's central bank board is expected to hold the country's interest rate unchanged for a fourth straight month at its rate-setting meeting on Friday amid a weak global economic scenario that has cut the Andean country's key earnings from oil exports. All 15 analysts told Reuters in a survey published on Monday they expect the bank to hold the rate at 4.5 percent and the majority see the bank maintaining that rate for all ...

BlackBerry 3rd-qtr revenue falls more than expected, shares slide TORONTO: BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5 million. BlackBerry's Nasdaq-listed shares fell 5.7 percent to $9.50 in premarket trading. "Revenue missed consensus by a sizable amount, which is especially ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln