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US Fed awards $75bn 14-day reverse repos NEW YORK: The Federal Reserve on Thursday awarded $75 billion of 14-day fixed-rate reverse repurchase agreements to 52 bidders at an interest rate of 0.09 percent, the Federal Reserve Bank of New York said on its website.Sixty bidders including money market funds and mortgage finance agencies submitted $80.95 billion in bids for the term reverse repos with interest rates ranging from 0.05 percent to 0.10 percent.Copyright Reuters, 2015 ...

Bank borrowing in ECB loan programme beats expectations FRANKFURT: The European Central Bank pumped more than twice the expected liquidity into the financial system Thursday via private-sector loans, data showed.The Frankfurt-based central bank said 143 banks had borrowed 97.8 billion euros ($104 billion) under the third round of a lending programme aimed at boosting the moribund eurozone economy and halting a stubborn slowing of inflation.The amount borrowed was double the forecasts of analysts who had pencilled in only a very modest uptake of ...
China central bank says will restrict gold trade when required BEIJING: China will impose restrictions on the import and export of gold and gold products in accordance with macroeconomic requirements, the country's central bank said on Thursday."The People's Bank of China can carry out restrictions of gold and gold product imports and exports in accordance with the requirements of national macroeconomic adjustments," the bank said in new trade regulations published on its website ( also said that firms engaging in gold imports and exports bear ...
Swiss central bank slashes growth, inflation outlook; eyes on franc ZURICH: Switzerland slashed its forecasts for growth and inflation this year after ditching a cap on the Swiss franc two months ago, a move that sent the currency surging and dealt a blow to the export-reliant economy.The Swiss National Bank held steady on its negative interest rate of 0.75 percent for some cash deposits and its target range for three-month inter-bank rates, but said it would remain active in foreign exchange markets to weaken what ...
India's record FX warchest set for Fed rate hike test MUMBAI: Chastened by a tumble in the rupee in 2013 at the prospect of tighter U.S. monetary policy, India has built up record foreign exchange reserves of nearly $340 billion to insulate the economy from capital flight as the United States prepares to lift interest rates.Reserve Bank of India Governor Raghuram Rajan has long warned of the risk to emerging economies when the U.S. Federal Reserve makes the first rise in its zero percent interest ...
Putin says central bank rate rather high, warranted by current conditions MOSCOW: Russia's President Vladimir Putin said on Thursday that the central bank's key rate remains rather high, but it is warranted by current conditions."Indeed, for now the key rate is high enough," Putin told a conference of Russian entrepreneurs. "For now, there are no fundamental basis for us to feel confident."The central bank cut its key rate, the one-week repurchasing rate, last week to 14 percent.Copyright Reuters, 2015 ...
Banks load up on cheap ECB loans in positive sign for economy FRANKFURT: Banks took 97.8 billion euros ($104.50 billion) in cheap long-term loans from the European Central Bank on Thursday, far exceeding expectations and offering fresh evidence that a nascent euro zone recovery is spurring lending.The ECB is offering banks the loans as part of a cocktail of measures aimed at pumping around 1 trillion euros into the euro zone economy, with a view to shifting inflation from below zero towards its target of just under ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln