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Turkish central bank says March 2 forex auction minimum $40mn ISTANBUL: The Turkish central bank said on Friday its forex-selling auction on March 2 would have a minimum volume of $40 million, the same minimum level it has been at since Dec. 9. Earlier on Friday the bank said it would set the auction volume on a daily basis depending on market conditions with immediate effect. Copyright Reuters, 2015 ...

Schaeuble urges German lawmakers to extend Greek bailout BERLIN: German Finance Minister Wolfgang Schaeuble urged parliament on Friday to take what he acknowledged was a difficult decision and approve an extension of Greece's bailout, assuring them Athens would not be allowed to "blackmail" its euro zone partners.The 72-year-old minister, who has repeatedly voiced his own doubts about whether the new leftist-led government in Athens can be trusted to deliver on its reform promises, appealed to the Bundestag lower house's sense of responsibility for ...
Lloyds investment case hinges on its next dividend LONDON: The UK bank's first payout since 2008 is an encouraging milestone. But it's largely symbolic. The critical valuation issue is whether Lloyds' pledge to pay out at least half its future earnings represents a floor or a ceiling - and whether the regulator allows fatter payouts.Copyright Reuters, 2015 ...
France to sell 7.5-8.5bn euro of bonds at Thursday auction PARIS: France will sell 7.5-8.5 billion euros ($8.4-$9.5 billion) of fixed-rate, long-term bonds at a regular auction next week, the Agence France Tresor public debt management agency said on Friday. AFT said the lines on offer would be its October 2023 OAT bond, its May 2025 benchmark 10-year bond and its April 2029 OAT bond.Copyright Reuters, 2015 ...
BOJ's Kuroda: won't conduct policy in response to oil prices TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Friday he will not conduct monetary policy in response to moves in oil prices but will focus on how oil price moves impact inflation expectations.Kuroda said the BOJ's 2 percent inflation target is likely to be achieved around fiscal 2015, assuming a moderate increase in oil prices from current levels.Copyright Reuters, 2015 ...
Fed's Williams sees first rate rise in summer or fall SAN FRANCISCO: The Federal Reserve will probably start raising rates "sometime this summer, or this fall" if the economic data come in as expected, a top Fed official said on Thursday.San Francisco Fed President John Williams, in an interview on Fox Business Network, said he expects the United States to reach full employment by the end of this year and inflation to reach 2 percent by the end of next year.The Fed will need to ...
RBS shrinks investment bank, posts $5.4bn loss LONDON: Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.RBS is seven years into an unprecedented corporate diet, shedding more than 1 trillion pounds ($1.54 trillion) in assets as it retreats from the acquisitions that once made it the largest bank in the world and an enormous financial burden for ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln