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Japan's Itochu and Thailand's CP Group to invest $10bn in Citic Group HONG KONG: Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group (CP) will jointly invest a total of HK$80.3 billion ($10.36 billion) in China's Citic Group , the companies said in a Hong Kong stock exchange filing on Tuesday.The companies will also enter into a strategic partnership, the filing said.Citic, China's oldest and biggest financial conglomerate, has been trying to broaden its investor base.It completed a restructuring in August by injecting about $36 billion worth of assets into a Hong Kong-listed unit, part of Chinese President Xi Jinping's reforms to state-owned enterprises.Copyright Reuters, 2015 ...

Sri Lanka fx reserves down 6pc in Nov-Dec amid rupee defence COLOMBO: Sri Lanka foreign currency reserves fell 6 percent in the last two months of 2014, latest central bank data showed on Monday, with the decline resulting from suspected intervention to support a weakening rupee , according to traders.Foreign currency reserves declined by $474.33 million to $7.37 billion in the two months through December, the central bank data showed."This is because the central bank was defending the currency heavily from depreciation," a currency dealer said ...
Siam Commercial Bank Q4 net profit up 4.1pc, below forecast BANGKOK: Siam Commercial Bank Pcl , Thailand's third-largest lender by assets, said on Monday its fourth-quarter net profit rose 4.1 percent from a year earlier due mainly to falling interest costs and lower loan-loss provisions.The bank reported October-December net profit of 12.23 billion baht ($375.5 million), down 7.7 percent from the previous quarter, it said in statement.It reported 2014 net profit of 53.34 billion baht, compared with Thomson Reuters StarMine's Smart Estimate of 54 billion ...
Kenya central bank seeks to mop up 5bn shillings NAIROBI: Kenya's central bank offered a 5 billion shilling ($54.70 million) repurchase agreement (repo) on Monday to mop up excess liquidity from the market.Removal of excess liquidity usually makes it slightly more expensive for banks to build long dollar positions thus cushioning the shilling.Copyright Reuters, 2015 ...
SNB acted in anticipation of ECB easing HONG KONG: The Swiss central bank's decision to scrap its franc cap came in anticipation of the European Central Bank's likely adoption of quantitative easing measures seen weakening the euro, Luxembourg's finance minister told Reuters on Monday.Last week, the Swiss National Bank unexpectedly abolished the three-year-old 1.20 ceiling on the franc against the euro, fuelling at one point a rally of up 40 percent in the Swiss currency that sent some currency trading platforms bust.The ...
Indonesia central bank sees rupiah at 12,200 to 12,800 against dollar in 2015 JAKARTA: Indonesia's central bank expects the rupiah to trade at around 12,200 to 12,800 to the dollar on average this year, depending on global economic conditions, its governor said on Monday.Bank Indonesia (BI) Governor Agus Martowardojo told a state budget meeting with the parliament that the rupiah was under pressure in December when Indonesia saw 28.4 trillion rupiah ($2.25 billion) of capital flight due to global sentiment. "BI will always maintain (the rupiah) to curb ...
Qatar Islamic Bank Q4 net profit up 30.4pc, raises dividend DUBAI: Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 30.4 percent jump in fourth-quarter net profit on Sunday, according to Reuters calculations, beating analyst forecasts.The Islamic lender made a net profit of 470 million riyals ($129.1 million) during the period, Reuters calculated based on financial statements, compared with 360.3 million riyals in the last three months of 2013.QIB did not provide a quarterly breakdown so Reuters calculated the figure ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

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 22, 2015
Reserves $10.331 bln