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UBS says has not resolved US forex probe, extends Libor pact ZURICH: Switzerland's largest bank UBS said on Tuesday it had not reached a resolution with the US Department of Justice's antitrust or criminal divisions in connection with alleged rigging of foreign exchange markets.In its quarterly report, the Zurich-based bank said it had agreed with antitrust and criminal divisions to extend a non-prosecution agreement governing its 2012 settlement over rigging benchmark interest rates by one year, to December 2015, in relation to the forex pribe. UBS also said it booked 1.8 billion Swiss francs ($1.90 billion) in third-quarter charges as it discusses a settlement to the forex investigation. Copyright Reuters, 2014 ...

BoJ's Kuroda says QQE has no pre-set deadline TOKYO: Bank of Japan Governor Haruhiko Kuroda said there is no pre-set deadline for ending its massive monetary stimulus, signalling that the bank's two-year timeframe for meeting its price target is not a rigid one.Kikuo Iwata, one of the BoJ's two deputy governors and an architect of its "quantitative and qualitative easing" (QQE), also said there was uncertainty on exactly when inflation will hit 2 percent."It's not set in stone like a train timetable," Iwata ...
Singapore central bank says core inflation to stay firm, expects moderate GDP growth SINGAPORE: Singapore's economy will probably grow moderately over the next few quarters, while core inflation is likely to stay firm due to wage cost pressures from a tight labour market, the central bank said on Tuesday.Singapore's economy is likely to stay on a moderate growth trajectory, given that global growth is expected to improve in 2015 compared to this year, the Monetary Authority of Singapore (MAS) said its half-yearly macroeconomic review."Aggregate demand in Singapore is ...
Lloyds looks to restore confidence after narrow stress test pass LONDON: Lloyds Banking Group will on Tuesday aim to show its recovery is on track after only narrowly passing a European health check, putting a question mark over whether the bank can resume paying dividends this year.Chief Executive Antonio Horta-Osorio will set out the bank's strategy for the next three years alongside third-quarter results which analysts expect to show an increase in underlying profit. But Lloyds may also set aside more funds to compensate customers ...
Euro zone lending slows more gradually but no speedy upturn seen FRANKFURT: Lending to euro zone households and companies contracted at a slower pace in September and money supply grew faster than expected, suggesting a cycle of tightening credit conditions in the bloc is gradually coming to an end.Data released by the European Central Bank on Monday showed loans to the private sector fell by 1.2 percent in September from the same month a year earlier, after a contraction of 1.5 percent in August.Euro zone M3 ...
Eurozone loans to private sector still contracting: ECB FRANKFURT: Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in September, but by slightly less than in August, the European Central Bank said on Monday. The volume of loans to private businesses and households declined by 1.2 percent in September compared with the same month in 2013, a slightly lower rate than the minus 1.5 percent recorded in August, the ECB said in a statement. The long ...
Russia central bank says shifts rouble's trading band by 35 kopecks MOSCOW: Russia's central bank said on Monday it had shifted the rouble's trading band by 35 kopecks in the previous session, following market interventions to curb the pace of currency's decline.As of Oct. 24, the rouble's new floating corridor extended from 38.05 to 47.05 against a dollar-euro basket, compared to 37.70 to 46.70 previously.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln