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Russia central bank shifts rouble's trading band by 5 kopecks MOSCOW: Russia's central bank said on Monday it had shifted the boundaries of its floating rouble corridor by 5 kopecks, following market interventions to curb the pace of the currency's decline. As of Oct. 17, the new corridor extended from 37.30 to 46.30 against a dollar-euro basket, compared to 37.25 to 46.25 previously. Copyright Reuters, 2014 ...

BoJ stays upbeat on regional Japan, Kuroda says recovery on track TOKYO: Most Japanese regional economies continue to recover as the pain from a sales tax hike in April starts to ease, the Bank of Japan said in a quarterly report, maintaining its optimism on the outlook despite growing signs growth may be losing momentum.BOJ Governor Haruhiko Kuroda also stuck to his upbeat tone in a speech to a meeting of the central bank's regional branch managers, saying that the economy is set to recover moderately ...
Kuwait's Burgan Bank says plans 21.6mn dinar rights issue DUBAI: Burgan Bank, Kuwait's third-largest lender by assets, will launch a 21.6 million dinars ($74.8 million) rights issue by the end of 2014 pending regulatory approvals, it said in a bourse filing on Sunday.Burgan said it plans to issue 216 million new shares and that the rights issue will raise its paid-up capital to 197.18 million dinars.This would indicate that shares would be priced at 0.1 dinars in the rights issue, a significant discount to ...
Morocco sees 2015 budget deficit at 4.3pc, growth at 4.4pc RABAT: Morocco plans to reduce its budget deficit to 4.3 percent of gross domestic product (GDP) in 2015 from an estimated 4.9 percent this year, the government said.The North African country expects its economy to grow 4.4 percent next year, after slowing to 2.5 percent in 2014, the government added in a statement late on Friday.It is also planning to spend 23 billion Moroccan dirhams on subsidies in 2015, down from 35 billion in 2014 ...
Morgan Stanley may further ‘optimize’ commodities business: CEO NEW YORK: Morgan Stanley Chief Executive James Gorman said the bank may "optimize" more of its commodities business as it aims for higher shareholder returns. Speaking on a call with analysts to discuss third-quarter results on Friday, Gorman said the bank is looking for ways to improve earnings and return-on-equity beyond previously announced plans. "We believe we remain well positioned for further capital actions given the magnitude of our fundamental strategic change and our improving ...
Spanish bank bad loan ratio rises in August MADRID: The ratio of bad loans at Spanish banks rose in August to 13.25 percent, the Bank of Spain said Friday, a worrying sign as the ECB put the final touches on its bank assets review, or stress tests.The volume of bad loans, primarily a legacy of the country's real estate boom that went bust, actually dipped slightly to 184.3 billion euros ($236.2 billion), but the ratio rose as Spanish lenders cut back on lending.The ...
buy offer fails to attract sellers, shows limits of easing strategy TOKYO: The Bank of Japan's offer to buy over $28 billion of government bills on Friday fell short of enticing enough sellers, the first failure since the BOJ began the current stimulus last year and a sign of the receding potency of its easing program.The failure underscores growing difficulties of force-feeding banks with liquidity as they become less eager to take cash from the BOJ in a faltering economy.The BOJ's offer to buy 3.0 trillion ...

 



 
Index Closing Chg%
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln