Just in:  

You are here: Home»Business»Banking & Finance

Banking & Finance


Brazil central govt posts primary surplus of $401mn in December BRASILIA: Brazil's central government posted a primary budget surplus of 1.039 billion reais ($401 million) in December, the country's Treasury said on Thursday.The central government account, which covers federal ministries, the central bank and social security, posted a primary deficit of 6.711 billion reais in November.For all of 2014, the central government record a primary deficit of 17.234 billion reais, its first gap ever recorded.The central bank is scheduled to release on Friday the country's consolidated fiscal results, which includes states, municipalities and some state-owned companies. It is regarded as the benchmark for Brazil's fiscal performance.Copyright Reuters, 2015 ...

ECB QE could cause 'competitive depreciation' BEIJING: The European Central Bank's new quantitative easing (QE) measures could trigger "competitive depreciation" of currencies around the world, China's commerce ministry warned Thursday.The ECB last week unveiled a programme to buy 60 billion euros ($68 billion) of private and public bonds each month starting in March, a move intended to ward off deflation in the eurozone.The figure was more than the 50 billion euros expected by analysts, and the unprecedented scheme will total over ...
BOJ says will meet bond traders more often to ensure smooth QE TOKYO: The Bank of Japan said on Wednesday it will meet with bond market dealers more often to hear their views on how the central bank can smoothly purchase government bonds under its quantitative easing programme.The BOJ is committed to buying government debt at an annual pace of around 80 trillion yen ($679.4 billion) as part of its strategy to raise inflation to 2 percent.The central bank's government debt purchases are so large that often ...
Malaysia central bank holds rates, economy seen on steady path KUALA LUMPUR: Malaysia's central bank held its key interest rate steady at 3.25 percent on Wednesday, saying the economy remained on a steady growth path and inflationary pressures were easing.Bank Negara Malaysia's decision was widely expected, with analysts in a Reuters poll unanimously expecting the overnight policy rate to be kept unchanged in the wake of a weaker ringgit currency and slide in global oil prices.The Southeast Asian country is grappling with lower revenues from ...
Brazil banks face profit headwinds as provisions set to rise SAO PAULO: Brazilian banks probably entered a cycle of higher defaults and loan loss provisions in the fourth quarter, in a sign profitability will stay pressured this year as loan book growth slows further, a Reuters poll showed on Wednesday.While loan disbursements gained steam prior to the year-end holiday season, there were no signs an economic stagnation or slumping confidence abated, analysts said. Corporate defaults probably rose in the quarter, forcing Brazil's top three listed ...
Swiss bank on safe haven label to become world's data vault GENEVA: Switzerland, facing an erosion of the banking secrecy laws that helped make it the world's banker, is now touting its reputation as a safe and stable haven to become a global data vault.More and more companies are flocking to the wealthy Alpine country to stock data in an era of increasing espionage and hacking, and the Swiss are reaping the benefits of the paranoia."Data storage is the new Eldorado for Switzerland. It's a real ...
Credit Suisse expects Brazil bank lending to contract this year SAO PAULO: Commercial banks in Brazil are likely to reduce loan disbursements to companies and consumers by 8.5 percent this year, a senior economist with Credit Suisse Group AG said on Tuesday, the latest sign that Latin America's largest economy is struggling with slumping confidence and activity.Last year, bank lending rose 11.3 percent, the slowest pace of loan disbursements in Brazil since at least 2007. Some of Brazil's largest lenders plan to unveil their guidance ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

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