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Kenya 91-day Treasury bill yield rises to 20.637pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill rose to 20.637 percent at auction on Thursday from 18.607 percent last week, the central bank said. The bank said it received bids worth 8.68 billion shillings ($83.22 million) for the 4 billion shillings' worth of bills offered. It accepted 7.68 billion shillings. Copyright Reuters, 2015

Bundesbank official says monetary stimulus will not boost growth in long term FRANKFURT: Short-term stimulus from central banks cannot help the economy to grow in the longer term, a senior official at Germany's central bank said on Thursday. The comments from Andreas Dombret show the Bundesbank's continued scepticism about any extension of the European Central Bank's 1-trillion-euro-plus money printing programme. "Moderate potential growth cannot be increased on a long-term basis by means of short-term macroeconomic stimulus measures," Dombret, who sits on the German central bank's executive board, ...

Shell says pipeline leak halts Nigeria crude exports LAGOS: Anglo-Dutch oil giant Shell says it has halted crude exports from a key terminal in southern Nigeria because of a pipeline leak. The suspension affected crude exports from one of Nigeria's main export points, the Forcados Terminal, which has a capacity of 400,000 barrels a day. The halt in crude exports was caused by a leak in the Trans Forcados Pipeline, Shell said in a statement released on Wednesday. The group declared force majeure, ...

Australia may hit Volkswagen with millions in regulatory fines SYDNEY: Australia's competition watchdog Thursday warned that Volkswagen could be hit with up to Aus$1.1 million (US$780,000) in fines for each pollution-cheating device installed and in use in its cars in the country.The German auto giant is facing its deepest-ever crisis after admitting up to 11 million diesel cars worldwide were equipped with sophisticated software that covertly switches on pollution controls when they undergo an emissions test.The Australian Competition and Consumer Commission (ACCC) said it ...

Ford recalls F-150 pickups to fix cruise control braking WASHINGTON: US automaker Ford recalled Wednesday some of its new F-150 pickup trucks to fix a cruise control braking problem that could cause a rear-end crash.Ford Motor said it had received a report of one accident that might be related to the problem but that no injuries were reported. The second-largest US automaker recalled nearly 37,000 F-150s, model year 2015, that might be affected in North America, most of them in the United States.The problem ...

Volkswagen loses 'green car of the year' prizes NEW YORK: Volkswagen has lost its "Green Car of the Year" prize for two models that employed technology at the heart of German giant's pollution-cheating scandal, US prize organizers said Wednesday.Green Car Journal announced it was rescinding the 2009 prize for the Volkswagen Jetta TDI and the 2010 prize for the Audi A3 TDI in the wake of Volkswagen's acknowledgement that it intentionally deceived government regulators overseeing air emissions rules."These models were selected as Green ...

EBRD approves $300 million loan for Ukraine gas purchases LONDON: The European Bank for Reconstruction and Development on Wednesday approved a $300 million loan for Ukraine to buy gas before the fast-approaching winter. In exchange for reforms of the energy sector, the EBRD had promised to lend to Ukrainian state-run energy firm Naftogaz to finance the purchase of gas from Europe's network rather than from Russia's. Ukraine has had to rely solely on its own production and reverse flows from the European Union since ...


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Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
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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 $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln