Just in:  

You are here: Home»Business»Banking & Finance

Banking & Finance


Thai central bank seen holding key rate again on Wednesday BANGKOK: Thailand's central bank is expected to leave its policy interest rate steady again on Wednesday, its final meeting for this year, a Reuters poll showed.The central bank's one-day repurchase rate has been kept at 2 percent since a 25 basis point cut in March to help confidence. The army seized power in a May coup, saying it had to restore stability.At its Nov. 5 meeting, the Bank of Thailand's monetary policy committee voted 6-1 to hold the rate, with the dissenter wanting a cut. It said the 2.0 percent level was low enough to help the economy recover from prolonged political unrest.Southeast Asia's second-largest economy grew only 0.2 percent in the first nine months. The central bank has said this month it will cut its economic growth forecasts, from 1.5 percent for 2014 and 4.8 percent next year.Annual headline inflation was at a five-year low of 1.26 percent in ...

Australia's major banks close Sydney CBD branches due to hostage crisis SYDNEY: Commonwealth Bank of Australia , Westpac Banking Corp and Australia and New Zealand Banking Group said they had shut their Sydney CBD branches on Monday after a number of hostages were taken in a central city cafe. "Due to the police operation in Martin Place Sydney, 12 Westpac branches in Sydney CBD will be closed for the rest of today," Westpac said in a tweet. CBA and ANZ posted similar messages. Dozens of heavily ...
RBNZ adds yuan to NZ dollar index, slashes US dollar weighting WELLINGTON: The Reserve Bank of New Zealand on Monday announced changes in the way it calculates the domestic currency's trade-weighted value to better reflect its growing trading ties with China, while cutting the share of US dollars, euros and yen. As of Wednesday, the Australian dollar will comprise 21.98 percent of the index, the largest proportion and rising from 21.61 percent now, while the Chinese yuan will be added to make up 20.09 percent. The ...
Indonesia central bank say in forex market to smooth rupiah volatility JAKARTA: Indonesia's central bank said on Monday it was acting in the foreign exchange market to smooth out volatility of the rupiah against the US dollar, spokesman said. The spot rupiah fell beyond 12,600 to the dollar by mid-moprning, its lowest since August 1998, according to Reuters data. Peter Jacobs, Bank Indonesia spokesman, said that year-end demand as well as the strengthening US dollar led to the rupiah weakening. Copyright Reuters, 2014 ...
Japan business confidence down in December quarter: BoJ TOKYO: Confidence among major Japanese manufacturers edged down in the three months to December, a quarterly central bank survey showed Monday, underscoring the lacklustre state of the world's third largest economy.The Bank of Japan's closely watched Tankan survey showed confidence among large manufacturers stood at plus 12 against plus 13 in the September survey.Economists had expected the reading would stay flat, according to a survey by the leading business daily Nikkei.Confidence among non-manufacturing companies rose ...
Egypt to issue $1.1bn, 1-year T-bill on Tuesday CAIRO: Egypt's central bank said on Sunday it would offer a $1.1 billion one-year treasury bill to local banks and foreign financial institutions at an auction on December 16. Copyright Reuters, 2014 ...
Bundesbank chief critical of EU stance on French budget: report PARIS: Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules."I would have hoped for clearer decisions. It would be unfortunate if the impression set in that (EU budget) rules are in the end up for negotiation and that budgetary consolidation can be perpetually put off by national governments," ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln