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Turkish banks Jan-Oct net profit up 2pc ISTANBUL: Turkish banks' combined net profit rose 2.2 percent to 21.2 billion lira ($7.29 billion) in the first ten months of the year, data from the BDDK banking watchdog showed on Monday. The BDDK said bank assets at the end of October stood at 2.35 trillion lira while loans totalled 1.47 trillion lira. Copyright Reuters, 2015 ...

Bank of England extends credit support for small businesses LONDON: Britain will slowly phase out a scheme to support small business lending over the next two years rather than halt it at the start of next year, the Bank of England and the finance ministry said on Monday. The news comes a day before the BoE releases a major report, which some analysts expect to usher in tighter rules for other type of lending while the central bank waits for the economy as a ...
Fed approves curb to future 'too big to fail' lending WASHINGTON: The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only "broad-based" to address larger financial market problems, and not tailored to specific firms. The 2010 Dodd-Frank financial reform law instructed ...
Greek banks threatened with cyberattack: central bank ATHENS: Greece's central bank and police were on alert Monday to thwart a feared cyberattack against three Greek banks after a threat by hackers last week, a Bank of Greece source said."It's a serious threat of unprecedented magnitude," the Bank of Greece source told AFP.Kathimerini daily on Monday said a group named Armada Collective had threatened last week to bring down the websites of three unnamed banks unless a ransom in bitcoin is paid today.As ...
Greek chief says need political consensus to end debt crisis ATHENS: Greece's central bank chief called on the country's party leaders on Sunday to maintain their political consensus to help pull Athens itself out of its financial crisis once and for all.His comments came a day after Prime Minister Alexis Tsipras failed to secure the backing of Greek opposition parties on tough pension reforms the country has promised to implement by December under its latest international bailout.The Greek people are weary after six years of ...
Egypt Central Bank to hold pound steady at first auction under new governor CAIRO: Egypt's central bank will hold the pound steady at 7.7301 pounds to the dollar at an official foreign currency auction on Sunday, two traders said, in the first auction since new central bank governor Tarek Amer took office on Nov. 27.Egypt is facing a dollar shortage and mounting pressure to devalue the pound. The central bank surprised markets when it strengthened the pound on Nov. 11 by 20 piasters against the dollar.Copyright Reuters, 2015 ...
Colombia's central bank maintains inflation target at 2-4pc, 3pc ideal BOGOTA: Colombia's central bank board maintained a 2 to 4 percent inflation target range for 2016, bank director Jose Dario Uribe said on Friday, even as consumer prices remain well above the target. The ideal figure for inflation at the close of next year would be 3 percent, Uribe added. Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 17,888.35 0.95
Arrow Nasdaq 5,156.31 0.93
Arrow S&P 2,102.63 1.07
Arrow FTSE 6,395.65 0.62
Arrow DAX 11,261.24 1.06
Arrow CAC-40 4,914.53 0.87
Arrow Nikkei 20,012.40 1.34
Arrow H.Seng 22,381.35 1.75
Arrow Sensex 26,169.41 0.09

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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