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Turkish central bank injects 17bn lira in repo auction, bids 33.31bn lira ISTANBUL: The Turkish central bank injected 17 billion lira ($7.46 billion) into the market in a one-week repo auction on Friday at a fixed simple rate of 8.25 percent, central bank data showed. Total bids for the repo, maturing on Oct. 17, were 33.31 billion lira. Copyright Reuters, 2014 ...

Air Berlin says 34 Etihad codeshare flights rejected BERLIN: Abu Dhabi-based airline Etihad has been denied approval to add its code to some flights operated by partner Air Berlin to Germany, meaning the German airline could lose out on passengers that it needs to fight its way back to profit. Air Berlin said on Friday that it had been informed by Etihad, which applied for permission to add its number to Air Berlin flights, that 34 codeshare flights for the winter schedule had ...
ECB says Portugal's Novo Banco won't be part of health checks FRANKFURT: Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, will not be part of the European Central Bank's bank health checks, the ECB said on Friday. "In this case as the institution has been thoroughly restructured, timing constraints do not allow that the comprehensive assessment can be completed for publication in the latter half of October," an ECB spokesman said in an email statement. Novo Banco was carved out as the 'good ...
Chile central bank seen cutting key rate to 3pc next Thursday SANTIAGO: Chile's central bank is seen cutting the benchmark interest rate to 3.0 percent when it meets next Thursday, and then keeping it at that level through the following 11 months, a majority of analysts said in a bank poll published on Friday. Nearly 58 percent of the 64 analysts surveyed by the bank forecast the 25 basis points cut for next week. The bank has been in an easing cycle over the last year, ...
Malaysia bank giants eye merger to create biggest lender KUALA LUMPUR: Two of Malaysia's largest financial institutions, CIMB Group and RHB Capital, said they plan to merge along with a property lending firm to create a "financial powerhouse" that will become the country's biggest bank. The three institutions are seeking central bank approval for the merger, according to documents submitted Thursday with Malaysia's stock exchange, and aim to sign a definitive agreement early next year.CIMB and RHB Capital -- the second- and fourth-largest banks, ...
Bank of England keeps rates at record low LONDON: The Bank of England kept interest rates at a record low on Thursday as the risk of a new recession in the euro zone and caution from the U.S. Federal Reserve suggested a first increase in British borrowing costs might be delayed.The BoE's Monetary Policy Committee left Bank Rate at 0.5 percent, the level at which it has sat since the worst of the financial crisis five-and-a-half years ago.The decision to keep rates unchanged ...
JP Morgan names Mesmari head of UAE investment banking coverage DUBAI: JP Morgan Chase has appointed Majed al-Mesmari as its head of investment banking coverage for the United Arab Emirates, the US bank said in a statement on Thursday.Mesmari joins from Rothschild, where he was a director of global financial advisory services for five years.He will report to Karim Tannir, JP Morgan's head of investment banking for the Middle East and North Africa, the statement added.Copyright Reuters, 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln