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Morgan Stanley says New York Attorney General may file lawsuit NEW YORK: Morgan Stanley said on Monday that the New York Attorney General's office has indicated that it intends to file a lawsuit alleging that the Wall Street bank misrepresented or omitted material information in about 30 subprime securitizations. In its annual 10-K regulatory filing, Morgan Stanley said it does not agree with the allegations and presented defenses to the New York Attorney General. It also said legal expenses last year rose to $3.41 billion last year from $1.95 billion in 2013. Copyright Reuters, 2015 ...

Indonesia sees rupiah trading in 3-5pc range this year JAKARTA: Indonesia's central bank said on Monday it expected the rupiah to trade within a 3 to 5 percent range from 12,500 per dollar this year.The government had assumed the rupiah to trade at 12,500 per dollar on average in 2015 in the state budget."The 12,500 level is average for a year and it is possible that it (the rupiah) will strengthen or weaken by 3 to 5 percent," Bank Indonesia Governor Agus Martowardojo told ...
JGBs edge down ahead of 10-year auction TOKYO: Japanese government bonds edged down on Monday as investors prepared for the following day's monthly auction of 10-year JGBs, with the Bank of Japan's bond-buying operations providing some support to the market. The BOJ offered to buy 50 billion yen ($417 million) of JGBs maturing in one year, 240 billion yen in the 10-year to 25-year zone and another 140 billion yen maturing in more than 25 years under its massive JGB purchase programme.The ...
China central bank steps up easing tempo as factory activity shrinks SHANGHAI: Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.Cuts to benchmark lending and deposit rates, announced by the People's Bank of China (PBOC) on Saturday evening, pre-empted official data released on Sunday that showed a second consecutive month of shrinking manufacturing activity for February.While economists ...
Egypt's central bank sells $420mn in interbank market CAIRO: Egypt's central bank sold $420 million in the interbank market on Sunday, in an apparent attempt to ensure liquidity in the economy as it moves to eradicate a currency black market and boost investor confidence.The bank said in a statement that the sale was made to meet outstanding demand for staple commodities, raw materials and pharmaceuticals, but did not give further details.Central bank governor Hisham Ramez told Reuters the bank would continue to use ...
China to cut interest rates by 0.25pc: central bank BEIJING: China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy. The move, which goes into effect Sunday and marks the second cut in four months, was largely expected amid a raft of weakening economic indicators, analysts said. It comes days ahead of the opening of the annual meeting of China's ...
India says will ease foreign investment categories MUMBAI: India's Finance Minister Arun Jaitley said on Saturday the government would make no distinctions between foreign direct investments and foreign portfolio investments in a bid to simplify rules for overseas inflows. Earlier, Jaitley set the country's fiscal deficit target for the 2015/16 fiscal year at 3.9 percent of gross domestic product and said it would reduce the target gradually to 3 percent by 2017/18, one year later than previously expected.Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln