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Fed should be explicit in spelling out gradual pace of rate hikes: Evans EAST LANSING: The Federal Reserve should use the communication tools at its disposal at its December meeting to spell out a gradual pace of rate increases, Chicago Federal Reserve President Charles Evans said on Tuesday.Asked by reporters following remarks to a local business group in Michigan if the Fed should emphasize gradual rate increases in its December statement, economic projections or at Chair Janet Yellen's press conference, Evans said all would be helpful."We are going to have to talk, we are going to have to see how much we agree on that, details matter in terms of how you describe it," Evans said. "It depends on the chair and if that's an agreeable idea. I would expect her to talk about that at the press conference as well." Copyright Reuters, 2015 ...

S&P again cuts scandal-hit Volkswagen's credit rating BERLIN: Standard and Poor's cut its credit rating for German automaker Volkswagen for a second time in two months Tuesday, saying its emissions scandal had "tarnished VW's reputation and brand perception".The international credit rating agency lowered to 'BBB+' from 'A-' its long-term debt rating and said the outlook remained negative amid the biggest scandal in the company's history."The downgrade reflects our view that VW's manipulation of engine emissions exposes the group to material, wide-ranging adverse ...
Egypt central bank says clears $547.2mn backlog owed to foreign investors CAIRO: Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million, clearing a backlog that had built up amid a dollar shortage. Foreign investors can buy stocks and treasuries in Egypt through a scheme set up to ensure they are able to repatriate their profits and investments in foreign currency. The central bank said in its statement that the mechanism was still active, providing foreign ...
FBR collects Rs 229 billion revenue in November ISLAMABAD: The Federal Board of Revenue (FBR) has made a net collection of over Rs 229 billion in November as against the net collection of Rs 180 billion made during same month of last year, thus showing an increase of 27 percent.The target for the current month has therefore been achieved, said a statement issued by the FBR here.The statement added that it is expected that the collection would further increase when the final figures ...
Egypt central bank says keeps pound steady at 7.7301 to the dollar CAIRO: Egypt's central bank said it held the pound steady at 7.7301 to the dollar on Tuesday after a foreign exchange auction that caused confusion in the markets.The central bank said in its official announcement it had sold $39.4 million at the auction. Copyright Reuters, 2015 ...
Bank of England plans to make banks hold up to 10bn more capital LONDON: The Bank of England set out plans on Tuesday to require banks to hold as much as 10 billion pounds ($15.1 billion) extra capital as the credit cycle moves into a more normal phase, but stopped short of immediate action.The central bank said credit conditions in Britain had largely recovered from the financial crisis as banks began to lend more freely, and warned that asset prices were vulnerable to a big rise in interest ...
Qatar launches $5.5bn, 5 years loan into syndication DUBAI: The government of Qatar has invited banks to participate in a $5.5 billion sovereign loan, sources aware of the matter said on Tuesday, as it becomes the latest Gulf state to raise funds at a time of stretched state finances due to lower oil prices.The loan is smaller than the up-to-$10 billion which the government was said by sources last month to be seeking. The transaction is being arranged by Bank of Tokyo-Mitsubishi UFJ, ...


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Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln