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UK asset managers weak on disclosing environmental, social investing LONDON: UK asset managers are often failing to show they consider environmental and social factors when they invest, despite signing up to codes of conduct on responsible investing, an investment watchdog said on Saturday.ShareAction ranked Threadneedle as the most responsible in a survey of 33 UK asset managers who invest a combined 13.8 trillion pounds ($20.77 trillion) on behalf of pension funds, charities and universities around the world.Only 42 percent of those surveyed disclosed policies on how they include environmental and social factors in their investment decisions, though this is up from 34 percent in 2010, when ShareAction last conducted the survey."A wide range of big names in asset management ... still refuse to be transparent about how they invest clients' money," ShareAction Chief Executive Catherine Howarth said in a statement.All the surveyed asset managers have signed up to the UK Stewardship Code, first published in 2010 in the wake ...

Russia's central bank makes surprise interest rate cut MOSCOW: Russia's central bank cut its main interest rate on Friday in a surprise move aimed at kickstarting the economy which is expected to contract sharply under the weight of Western sanctions and plunging oil prices.The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.The rate cut had come after the government urged the central bank to help boost the economy, prompting some analysts ...
Georgian central bank to tighten monetary policy next week TBILISI: Georgia's central bank plans to tighten monetary policy from next week, the bank's chief said on Friday, in an effort to maintain financial stability after a sharp fall in the value of the country's lari currency."We've decided to tighten monetary policy from next week by using all the mechanisms that we have," Georgy Kadagidze, the governor of the National Bank, told reporters.Kadagidze said the central bank was also likely to revise down its forecast ...
Japan fund managers favour bonds despite low yields TOKYO: Japanese fund mangers still want to put more than half their assets under management into bonds, despite falling yields, expecting a prolonged period of low interest rates around the world, a Reuters survey showed on Friday.But the survey of seven Japan-based fund managers, polled between Jan. 19 and 23, also found that some managers wanted to dabble in riskier "alternative assets" as returns from bonds dwindled.The survey found respondents on average wanted to allocate ...
BOJ set to watch and wait as Abe team urges caution on fresh easing TOKYO: The Bank of Japan has put monetary policy on hold and found backing for its wait-and-see stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to damagingly low levels, according to officials in the administration and central bank.This newfound caution from some of the same Abe advisors who urged the BOJ to launch its massive stimulus in 2013, means Japan is set to be an outlier at ...
Portugal's Banco BPI posts surprise loss, still keen on Novo Banco LISBON: Portugal's second-largest listed bank, Banco BPI, posted on Thursday a surprise net loss in the last quarter of 2014 due to one-off charges, but its CEO said the results would not affect its capacity to vie for rival Novo Banco. BPI reported a net loss of 47.3 million euros ($53.5 million) for the quarter and of 161.6 million euros for all of last year. Analysts in a Reuters poll had expected a quarterly profit ...
Mexico central bank holds steady with eye on peso, weak growth MEXICO CITY: Mexico's central bank on Thursday held interest rates at a record low as policymakers eyed the risk that a sharply weaker peso could fan consumer prices higher while also noting big risks to growth. The bank kept its main interest rate at 3.00 percent, as expected by 19 of 20 analysts polled by Reuters. Policymakers said they would carefully watch the impact of a deep peso slump on inflation and said the currency ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln