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Australia's RBA willing to ease, but caution needed NEW YORK: Australia's central bank is willing to cut interest rates again if needed, but is cautious about the likely impact on house prices and debt levels, a top policy maker said on Monday. Speaking in New York, Reserve Bank of Australia (RBA) Governor Glenn Stevens also reiterated that the Australian dollar was "very likely" to fall further over time. The central bank cut interest rates to a record low of 2.25 percent in February, but it surprised many analysts by skipping further moves at its policy meetings in March and April. "The (RBA) Board has clearly signalled a willingness to lower it even further, should that be helpful in securing sustainable economic growth," Stevens told the American Australian Association. "The Board has been proceeding with a degree of caution that is appropriate in the circumstances," he added, "It also has, I would say, a realistic assessment of how much ...

US bond prices fall as stock gains pare bids NEW YORK: US Treasuries prices fell on Monday as stronger US stock prices reduced safe-haven demand for bonds, though traders remained wary about the future of cash-strapped Greece staying in the euro zone bloc.Benchmark yields hovered at their lowest levels in about two weeks as disappointing domestic data supported the view that the US Federal Reserve will likely refrain from raising interest rates until later this year."There was a flight-to-quality bid before last weekend from ...

Morgan Stanley Q1 rivals Goldman by different path NEW YORK: James Gorman's firm had its best quarter in years. Its Wall Street competitor still has the edge with returns and book value growth. By one key metric, though, investors value Morgan Stanley more highly. Gorman's strategy, which downplays volatile trading, is starting to pay off. Full view will be published shortly. Copyright Reuters, 2015

BoC's rate cut provided needed boost to Canada NEW YORK: The head of the Bank of Canada said on Monday that January's interest-rate cut appears to have helped the economy get back on track, repeating that the central bank seems to have taken out enough "insurance" against the oil-price slide. BoC Governor Stephen Poloz said he expected to see the Canadian economy start to bounce back in the second quarter. He added that the biggest possible risk to Canada was a positive one: ...

Deutsche Bank restructure a 'corporate decision' BERLIN: The German government on Monday declined to comment on reports that Deutsche Bank plans to slash its retail banking."That's a purely corporate decision of Deutsche Bank," a finance ministry spokeswoman told Reuters.Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions have told Reuters.Copyright Reuters, 2015

Shares in Lloyds up 0.6pc in early trading LONDON: Lloyds Banking Group said it would support plans by Britain's Conservative Party to sell some of the government's remaining 22 percent stake in the bank to retail investors.Finance minister George Osborne said on Sunday that he intended to sell billions of pounds of government-owned shares in Lloyds to small investors if the Conservatives win Britain's national election next month."The sale of the stake is clearly a matter for the government. We will support the ...

Telecoms firms lift Europe shares after Telenet-KPN Belgian deal LONDON: European shares edged higher early on Monday, led by the telecoms sector after Telenet's move to buy KPN's mobile telephony unit in Belgium.Belgium's Telenet, a subsidiary of cable company Liberty Global, rose 6 percent after agreeing to acquire KPN's BASE Company for 1.325 billion euros ($1.43 billion), sending shares in the Dutch firm up 3 percent.At 0710 GMT, the pan-European FTSEurofirst 300 index was up 0.6 percent to 1,616.78 points after shedding 2.3 percent ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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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 $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln