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Euribor rates unchanged as ECB seen on hold  FRANKFURT: Key Euribor bank-to-bank lending rates were unchanged for a second day running on Wednesday, holding steady ahead of the European Central Bank's Thursday policy meeting at which no change in official rates is expected.   Economists polled by Reuters forecast the ECB will keep the main interest rate on hold at 0.75 percent this week, but they could not agree on the chances of a cut in the next few months due to a murky economic outlook.   The ECB kept rates on hold last month despite new forecasts suggesting the euro area economy will contract in 2013.   Comments from ECB President Mario Draghi, saying there had been a "wide discussion" about rates, had fuelled expectation shortly after December's policy meeting that the bank could cut rates further. But expectations of a cut subsequently faded after hawkish comments from other policymakers.   On Wednesday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, were ...

Thailand central bank holds rates at 2.75pc BANGKOK: Thailand's central bank held interest rates at 2.75 percent Wednesday citing a better-than-expected performance in the nation's economy last year.   The Bank of Thailand's Monetary Policy Committee, which last moved to cut rates in October 2012 to help manufacturers, said an uptick in domestic demand had helped support economic growth.   "The MPC agreed that with uncertainties in the global economy and reduced inflationary pressure, that maintaining the current interest rate is the appropriate policy to support ...
HSBC HONG KONG: A multi-billion dollar deal in which banking giant HSBC was set to sell its stake in China's second largest life insurer Ping An to a Thai firm is in danger of collapse, reports said Wednesday.   Chinese regulators were ready to reject the $9.4 billion bid from Thai conglomerate Charoen Pokphand Group over concerns about funding for the bid, according to Hong Kong's the South China Morning Post.   State-owned China Development Bank, which had agreed to ...
China SHANGHAI: China's money rates fell slightly on Wednesday, with dealers reporting weak demand for shorter-term money instruments.   Dealers said they expected the money rates to continue to fall in coming days thanks to ample liquidity in the market.   Market players are preparing for the one-week long Chinese New Year Holiday, starting on Feb. 9.   "Money demand is really weak given that most institutions are not short on funds," said a dealer at a Chinese commercial bank in Shanghai. ...
Turkish banks see loans rise 16 percent in 2012  ISTANBUL: Turkish bank lending grew 16 percent last year as the central bank attempted a delicate balancing act to reinvigorate domestic demand while keeping some control over rampant credit growth.   Loans at Turkish banks reached 805.68 billion lira ($453 billion) in 2012, the Banking Regulations and Supervision Agency (BDDK) said on Tuesday.   The central bank has used a complex mix of policy tools to support demand while trying to stop rapid loan growth getting out of control ...
Malaysia KUALA LUMPUR: Malaysia's international reserves stood at $139.7 billion as of December 31, compared with $139.2 billion on Dec 14, the central bank said on Wednesday.   The reserves were enough to finance 9.5 months of retained imports and were 4.2 times the short-term external debt.   The central bank said Malaysia's international reserves grew by $1.25 billion in 2012 thanks to a continuation in the current account surplus as wellas inflows of foreign investment and portfolio capital.   It added ...
Egyptian central bank sells dollar as pound weakens  CAIRO: The Egyptian pound fell to a new record low against the US dollar on Tuesday, extending its decline to 4.6 percent since Dec. 30 when the central bank began a new system of auctions to contain a currency crisis.   Hit by political turmoil, the pound weakened the maximum amount allowed at Tuesday's central bank auction. The cut-off price was 6.4492 pounds to the dollar -- a 0.5 percent fall from Sunday when the cut-off price ...


Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
Arrow DAX 9,507.02 0.30
Arrow CAC-40 4,378.33 0.03
Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
Arrow Sensex 27,019.39 0.57

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln