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Thai Siam Commercial Bank sees 2014 loan growth of 5pc BANGKOK: Siam Commercial Bank, Thailand's third-largest lender by assets, said on Thursday it expected loan growth of 5 percent in 2014 from a year earlier after a pick-up in demand and improved economic outlook. President Kannikar Chalitaporn told reporters lending demand from small and medium sized businesses has started recovering since June. Copyright Reuters, 2014 ...

Japan regulators highlight interest rate risk; regional banks vulnerable to BOJ exit TOKYO: Japanese financial authorities are joining forces to scrutinise for the first time banks' exposure to a potential spike in interest rates, with a focus on the risks to regional lenders when the central bank eventually ends its massive easing.While the risks look small now with Japan's economy recovering and interest rates extremely low, the nation's 105 regional banks represent the weak link in the financial system. With local economies depopulating in this fast-ageing society, ...
ECB expected to hold its fire despite low inflation FRANKFURT: The European Central Bank is unlikely to unveil any new policy moves at its monthly meeting on Thursday, despite a persistent threat of eurozone deflation and geopolitical risks, analysts said.For the time being, the ECB would likely continue to assess the impact of a package of stimulus measures it unveiled in June, including taking one of its key interest rates into negative territory, they said.Although the eurozone came out of recession last year and ...
Bank of America expects to pay $16-17bn US settlement NEW YORK: Bank of America has tentatively agreed to pay a record $16 to $17 billion settlement to resolve allegations it misled investors on mortgage-linked securities, a person familiar with the matter said Wednesday.The Justice Department settlement -- covering securities allegedly mis-sold ahead of the housing bust -- is expected to be revealed by next week, according to the source, who spoke on the condition of anonymity and confirmed reports in US media.Under the preliminary ...
RBI governor calls for stronger boards at state-run lenders MUMBAI: India's central bank governor Raghuram Rajan said the boards at domestic public sector banks needed to be strengthened while the incentive structure for chief executives of these lenders need to be improved to enhance corporate governance.Rajan, in an interview to ET Now television, also said salaries of public sector bank executives needed to be revised to bring them at par with salaries of executives at privately-owned lenders."We have to draw in people from the ...
China central bank says to keep monetary policy stable in H2 BEIJING: China will keep its monetary policy stable in the second-half of this year while making "targeted" adjustments to policy settings, the central bank said on Wednesday.Authorities would continue to refine China's currency and interest rate regimes, and quicken the creation of an insurance system for bank deposits, the central bank said in an online statement.The central bank said it would also guard against the emergence of any systemic risks.The statement was published after a ...
Thai central bank holds rates as economy shows signs of life BANGKOK: Thailand's central bank held its key interest rate Wednesday as the kingdom's economy showed signs of revival after an army coup ended months of political protest which rattled consumers, tourists and investors.The Bank of Thailand kept its policy rate at 2.00 percent, a level set in March in an effort to boost an economy which shrank 2.1 percent quarter-on-quarter in the first three months of 2014.The economy had since shown "signs of improvements... from ...


Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln