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ADB raises $50mn via offshore rupee-linked bonds NEW DELHI: The Asian Development Bank has raised $50 million through offshore, Indian rupee-linked, the lender said in a statement on Tuesday.The rupee-denominated bonds would be settled in US dollars and would mature in August 2016, the statement said.The bonds were sold as part of the Manila-based lender's $500 million offshore rupee-linked bond programme, which aims to deepen India's capital markets, it added.Copyright Reuters, 2014 ...

Swiss private banks to release first-ever results GENEVA: The elite of Swiss private banks will Tuesday begin lifting the veil on their books after a radical shift in their business model, amid tougher international regulations and crackdowns on tax dodgers.Geneva's Bank Pictet opens the way with an unprecedented release of its first-half results, followed on Thursday by crosstown rival Lombard Odier."All the figures published will be important, even if these banks are not listed," Andreas Venditti, an analyst at Zurich's Vontobel Bank, ...
BNP offers to buy BGZ shares at 80.47 zlotys WARSAW: France's largest listed bank BNP Paribas has offered to buy the shares of its Polish rival BGZ at 80.47 zlotys each as part of its acquisition of BGZ from Dutch Rabobank, a brokerage running the deal said on Monday. The offer values Poland's No.11 lender by assets at almost 4.52 billion zlotys ($1.43 billion) 16 percent above Monday's closing price, and more than the 4.2 billion purchase tag BNP agreed with Rabobank last year.The ...
Reserve Bank of India deputy Gandhi: Working on definition of deposits for financial entities MUMBAI: Reserve Bank of India Deputy Governor R. Gandhi said on Monday that the central bank is working with the finance ministry on the definition of deposits for financial entities beyond banks and non-bank finance companies. A recent spate of regulatory action on small entities, loosely known as chit funds, collecting deposits has raised concerns over unauthorised deposit-taking in India. "We have to define in such a way that who will be the regulator for ...
BoJ's Kuroda expects ECB to act if deflation threat appears: Corriere della Sera MILAN: Bank of Japan Governor Haruhiko Kuroda does not expect the euro area to slip into deflation but is confident the European Central Bank will act to stave off such a threat should it materialise, an Italian newspaper quoted him as saying.Kuroda, in an interview with Corriere della Sera, said that his main worry was the Ukraine crisis, which has strained the West's relations with Russia and triggered trade sanctions that are hurting already-fragile economies ...
BoE can resolve financial stability coordination issues: Broadbent JACKSON HOLE: There are potential "coordination issues" between the Bank of England's (BoE) new financial stability committee and other bank functions, a senior BoE official said on Saturday, adding that these issues can be resolved. "There is not a first-mover advantage to any of the bodies. They meet pretty regularly and share three members," Bank of England Deputy Governor Ben Broadbent said at the Federal Reserve's annual central banking conference here. Bank of England Governor ...
Weak UK pay growth could persist says BoE LONDON: Britain's slow wage growth is not certain to pick up any time soon, despite signs of skills shortages, Bank of England deputy governor Ben Broadbent said in a speech on Saturday.The BoE has said it does not intend to raise interest rates until there is a clear prospect of stronger wage growth, and so far the picture remains murky, Broadbent told central bankers at an annual conference in Jackson Hole, Wyoming. Federal Reserve Chair ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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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 28, 2014
Reserves $13.582 bln