Just in:  

You are here: Home»Business»Banking & Finance

Banking & Finance


Kenya's central bank sells dollars to boost shilling NAIROBI: Kenya's central bank sold dollars on Monday after the shilling weakened to its lowest level since October 2011, traders said. "Yes, the central bank was in the market," said one trader at a Nairobi-based commercial bank. A second trader confirmed the bank had sold dollars. Traders said the shilling had reached the 106.40 level, close to its four-year low, when the bank intervened. The central bank said earlier on Monday it planned to mop up 14 billion shillings ($132.45 million) in excess liquidity from the money markets. Copyright Reuters, 2015 ...

Russia central bank to introduce new liquidity requirement for big banks from Jan 1 MOSCOW: Russia's central bank said on Monday it had formally decided to introduce new liquidity rules for systemically important banks related to the Basel III regulatory framework. From Jan. 1 next year, systemically important banks will have to maintain a minimum liquidity coverage ratio (LCR) of 70 percent. The minimum LCR will increase by 10 percentage points each year to reach 100 percent from Jan. 1, 2019.The banks listed as being systemically important when the ...
Beijing admits stock bubbles, says routs almost over BEIJING: China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the turbulence was coming to an end.The benchmark Shanghai Composite Index soared more than 150 percent in the year to June 12, fuelled by debt rather than fundamentals and encouraged by authorities.It has since plummeted nearly 40 percent, with official interventions to the ...
ECB lowers ELA cap for Greek banks as liquidity conditions improve ATHENS: The European Central Bank lowered on Thursday the ceiling for emergency liquidity assistance (ELA) Greek lenders can tap from the Greek central bank to 89.1 billion euros from 89.7 billion euros, a banking source said. "The ELA cap was lowered due to conditions and inflows normalising," the source told Reuters, speaking on condition of anonymity. Greek banks, who were shut for three weeks over the summer, have relied on emergency funding in recent months ...
Russia's VTB signs 12bn yuan trade finance agreement with CDB MOSCOW: Russia's VTB Bank said on Thursday it had signed a 12 billion yuan ($1.9 billion) trade finance agreement with China Development Bank (CDB), aimed at helping clients at both institutions fund bilateral import and export operations. The agreement was signed during a visit to Beijing by Russian President Vladimir Putin. Copyright Reuters, 2015 ...
Low inflation back in focus at ECB policy meeting FRANKFURT: The European Central Bank may have to consider fresh policy measures to prevent deflation in the single currency area, but will not move at its meeting Thursday, analysts said. "After all the Greek excitement over the summer, the ECB had probably been hoping for a very ordinary and dull meeting this week; to slowly move from vacation into business mode," said ING DiBa economist Carsten Brzeski."Unfortunately, financial markets did not meet the ECB's wishes. ...
UniCredit plans German growth but not by takeovers FRANKFURT: UniCredit Chief Executive Federico Ghizzoni on Wednesday said his group's German branch HVB had plans to expand in Germany but not through acquisitions. Ghizzoni ruled out any interest in Postbank, owned by Deutsche Bank. Deutsche Bank aims to sell Postbank on the stock market as part of a group restructuring plan. "We have no plans for acquisitions but we have a clear plan to expand our business" in Germany, he said at a conference. ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln