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Turkish central bank opens 14bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week, fixed-rate repo auction on Tuesday with a volume of 14 billion lira ($6.47 billion) , bank data showed. The repo will mature on Sept. 9. Copyright Reuters, 2014 ...

One South Korean central bank board member voted against Aug rate cut SEOUL: One dissenter voted to hold interest rates steady when the Bank of Korea's monetary policy board chose to loosen policy for the first time in more than a year on Aug. 14, minutes from the central bank showed on Tuesday. The board cut the benchmark rate by a quarter of a point to 2.25 percent, a shift from its hawkish policy stance that many analysts saw as caving in to government pressure to shore ...
Former top US Republican Cantor to work on Wall Street NEW YORK: The former US House majority leader, Republican Representative Eric Cantor, is going to work on Wall Street, his new employer said Tuesday.Cantor, 51, will be vice chairman and managing director at Moelis & Company, a small investment bank. He will also be elected to its board of directors, the bank said in a statement.Cantor, an establishment heavyweight, shocked the US political world back in June when he lost to an even more conservative ...
Thai Siam Commercial Bank eyes 25pc stake sale in life insurance unit HONG KONG/BANGKOK: Siam Commercial Bank, Thailand's third-largest lender, is in talks to sell a 25 percent stake in its life insurance business SCB Life Assurance PCL, people familiar with the matter told Reuters. Siam Commercial Bank is mostly in discussions with Japanese insurers, though no deal is imminent, they added, declining to be identified as the plans were confidential. The stake sale could fetch about $600 million based on SCB Life's current market value of ...
Australia's central bank keeps rates at 2.5pc SYDNEY: Australia's central bank kept interest rates on hold at a record low 2.5 percent Tuesday as it flagged an accommodative monetary policy and stepped up its rhetoric against the local dollar.The Reserve Bank of Australia said it was prudent to maintain a "period of stability in interest rates" to support demand and growth in the economy as it shifts away from a dependence on mining."In the board's judgement, monetary policy is appropriately configured to ...
Australia central bank holds rates at record low 2.5pc SYDNEY: Australia's central bank kept its cash rate steady at a record low of 2.5 percent on Tuesday, a widely expected decision given it has repeatedly stated that policy would likely be on hold for some time to come. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. All 23 analysts in a Reuters poll had felt the RBA would leave rates unchanged this week.Copyright Reuters, 2014 ...
PBOC to drain 18bn yuan via repos SHANGHAI: China's central bank will drain 18 billion yuan ($2.93 billion) from the money markets through 14-day bond repurchase agreements on Tuesday, traders said. Maturing repos will inject a net 40 billion yuan into the banking system this week. The People's Bank of China (PBOC) conducted a net injection of 45 billion yuan into the banking system last week. Copyright Reuters, 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln