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Britain plans first yuan bond outside China LONDON: Britain on Friday said it would be the first country outside China to issue yuan-denominated bonds, as London seeks to become a Western hub for trading in the Chinese currency.The UK Treasury said the government plans to issue the bond in the coming weeks, subject to market conditions, without giving an exact amount or other details."This will be the first non-Chinese issuance of sovereign RMB (yuan) debt and will be used to finance Britain's reserves," it said in a statement."Up to now, Britain has only held reserves in US dollars, euros, yen and Canadian dollars, so today's announcement signals the RMB's potential as a future reserve currency."British politicians have been scrambling to make London China's Western financial hub as Beijing loosens its tight regulations on international trading in the yuan.Last year the yuan overtook the euro as the world's second-largest trade currency after the dollar, and analysts predict its ...

UK 10-year government bond yield touches 3-week high LONDON: British 10-year gilt yields reached their highest in almost three weeks on Friday, with the campaign against Scottish independence gaining ground and US Treasury yields rising. The 10-year gilt yield climbed to 2.555 percent, its highest level since Aug. 25, when there was a change of bonds used for the 10-year benchmark and major global government bond prices slumped following US data. The 10-year gilt yield ended the session at 2.53 percent, up 3 ...
Bond yields dip on US campaign in Mideast, Russia sanctions NEW YORK: Yields on US Treasuries slipped on Thursday for the first time in four days after the outlook for sustained U.S. military involvement in Iraq and Syria and new planned sanctions against Russia drove modest safe-haven bids.President Barack Obama said on Wednesday he had authorized U.S. airstrikes for the first time in Syria and more strikes in Iraq in a broad escalation of a campaign against the Islamic State militant group, raising concerns of ...
Spanish yields dip as Scottish poll eases Catalonia concerns LONDON: Spanish bond yields fell on Thursday after a poll showed a majority of Scots plan to vote against independence, easing some concerns a breakaway Scotland could embolden a similar bid by Spain's wealthy Catalonia region.A survey showed late on Wednesday that 53 percent of Scots intend to vote against splitting away from the 300-year union with the UK. The poll, carried out by the Survation on behalf of the Daily Record newspaper, showed 47 ...
Greece sets pricing on offer to sell 3-,5-year bonds for T-bills ATHENS: Greece on Thursday set the pricing on its offer to top up its recent three- and five-year bonds by about 1 billion euros (US$1.3 billion) and exchange them for outstanding T-bills instead of cash. Holders of T-bills maturing between Sept.19 2014 to March 6, 2015 can exchange them for three-year bonds due in 2017 at exchange ratios of 99.340339 to 98.813836 percent, it said in a bourse filing. T-bill holders of the above maturities ...
Yield on Kenya 364-day treasury bills falls NAIROBI: The yield on Kenya's 364-day Treasury bills fell to 10.163 percent at auction on Wednesday from 10.233 percent, while that on six-months bills stayed steady at 8.550 percent, the central bank said. The central bank said it received a total of 9.8 billion shillings ($110.61 million) for the two papers on offer, and accepted 9.4 billion shillings worth of bids.Copyright Reuters, 2014 ...
Greece to reopen 3-,5-year bonds, exchange them for T-bills ATHENS: Greece said on Wednesday it will reopen its recent 3- and 5-year bonds and top them up by about 1.0 billion euros on Sept. 11, accepting existing T-bills as payment.The bond exchange offer will start at 0600 London time (0500 GMT) and end at 1700 (1600 GMT), based on a filing on the Athens stock exchange. Alpha Bank, Eurobank, National Bank and Piraeus Bank will be the dealer managers.Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln