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US 30-year bonds trade a point lower in price  NEW YORK: US 30-year Treasury bonds traded over a point lower in price with yields touching session highs on Tuesday morning as investors pushed for price concessions ahead of the auction of $72 billion of new debt this week. Thirty-year bonds were trading 1-1/32 lower in price with a yield of 2.70 percent, marking the highest yield since July 6 and up from 2.65 percent late Monday. Benchmark 10-year Treasury notes were trading 13/32 lower in price to yield 1.61 percent, up from 1.56 percent late Monday. Copyright Reuters, 2012


Euro zone pain hits German industry orders in June  BERLIN: German industrial orders fell more than expected in June as domestic and euro zone demand faltered, indicating the single currency bloc's debt crisis is taking its toll on Europe's largest economy. Data from the Economy Ministry showed seasonally and price-adjusted orders dropped 1.7 percent on the month, coming in below the mid-range forecast in a Reuters poll of 38 economists for a 1 percent fall on the month. Contracts from elsewhere in the euro zone fell ...

Swiss fin min supports SNB BERNE: The Swiss National Bank can defend its cap of 1.20 per euro on the safe-haven franc, the Swiss finance minister said on Tuesday, adding that she supported that policy. "The SNB is in a position to continue, at the moment there are no inflationary tendencies," Eveline Widmer-Schlumpf said at a news conference in the Swiss capital. "Therefore I still think it's the right thing." The SNB set the cap last September to guard against a recession. ...

Indonesia sells 540bn rupiah sukuk in auction  JAKARTA: Indonesia sold 540 billion rupiah ($57.05 million) of sukuk in an auction on Tuesday, above a target of 500 billion rupiah, with yields rising slightly from the previous auction, the finance ministry said. The country raised 500 billion rupiah from sales of 25-year project-based sukuk and 40 billion rupiah from six-year sukuk. There were no winning bids for six-month sharia T-bill and 10 and 15-year project based sukuk. The weighted average yield on the 25-year sukuk ...

Danske Bank profit jumps as Irish loan burden eases  COPENHAGEN: Danske Bank beat quarterly profit forecasts helped by smaller loan losses at its Irish unit, raising hopes that the worst may be over after years of struggling with its exposure to Ireland's property market crash. The Danish bank said on Tuesday it would continue to see high impairments and low earnings this year, but was on the right track. "These are our best results for a half year since the financial crisis hit in 2008," Chief ...

Singapore SINGAPORE: United Overseas Bank, Singapore's third-biggest lender, on Tuesday confirmed its interest in the Asian asset management business of ING Groep , saying a lot depends on the price. Wee Ee Cheong, chief executive of UOB, told an earnings briefing that the bank is open to mergers and acquisitions in asset management. "As an organisation, our capital is strong so we should take advantage of that," he said. UOB's core tier one capital is 12.3 percent, well above ...

Investors pay to lend money to EFSF bailout fund FRANKFURT: Investors accepted negative interest rates to lend money to the EU's bailout fund on Tuesday, according to the German central bank, which managed the issue. The Bundesbank said in a statement that the European Financial Stability Facility placed 1.431 billion ($1.8 billion) worth of three-month bills at a yield of minus 0.0217 percent. A negative yield means that investors actually pay the EFSF to lend it money. Demand for the issue was strong, with investors bidding for ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln