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Dollar hits six-year peak versus yen, ECB loan demand disappoints LONDON: The dollar hit its highest levels in more than six years against the yen and four years against other major currencies on Thursday as markets eyed the widening policy split between the United States and other rich nations. The US Federal Reserve's outlook for rising interest rates had already illustrated the diverging path from other advanced economies but it was underscored even more firmly in Europe as the ECB opened its liquidity taps again.Lacklustre demand for the ECB's new ultra-cheap loans boosted bets the bank will have to overcome reservations about sovereign bond buying and sent the euro lower and lifted European shares.Wall Street was expected to see the S&P 500 test its recent record highs when trading resumes too, hot on the heels of data showing a bigger-than-expected dip in US unemployment claims.Two-and-a-half years on from the ECB's last injection of long-term funding that pushed a trillion euros ...

European shares hit two-week high, Scottish vote drags on FTSE LONDON: European equities advanced on Thursday, with a key index climbing to a two-week high after the U.S. Federal Reserve renewed its pledge to keep interest rates ultra-low for a considerable time.British shares underperformed as voting got underway in Scotland's referendum on independence, keeping investors on edge ahead of the result on Friday.The FTSEurofirst 300 index of top European shares was up 1 percent at 1,399.09 points by 1401 GMT after rising up to 1,399.19, ...
European stocks climb with focus on Fed, Scotland LONDON: Europe's stock markets rose on Thursday, mirroring Fed-inspired gains overnight on Wall Street, but with attention focused on Scotland where an independence referendum is under way.London's benchmark FTSE 100 index added 0.45 percent to 6,811.18 points, while the British pound gained despite uncertainty over the outcome of the Scottish vote.In mid-afternoon deals in Paris, the CAC 40 index gained 0.75 percent to stand at 4,464.59 points and Frankfurt's DAX 30 advanced 1.11 percent to ...
Oil trades below $99, ample supplies weigh LONDON: Oil traded lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.S. dollar.Global benchmark Brent crude fell below $100 a barrel last week for the first time in more than a year, and hit a 26-month low on Monday, after data showing a slowdown in China's factory output raised demand concerns.Brent was down ...
European shares climb to 2-week high, focus on Scotland LONDON: European equities advanced on Thursday, with a key index climbing to a two-week high after the U.S. Federal Reserve renewed a pledge to keep ultra-low interest rates for a considerable time.However UK shares slightly underperformed as the voting got underway in Scotland's referendum on independence, keeping investors on edge ahead of the result on Friday.The FTSEurofirst 300 index of top European shares was up 0.8 percent at 1,396.07 points by 1034 GMT after rising ...
Dollar hits six-year peak versus yen, ECB aims cash hose LONDON: The dollar vaulted to a six-year peak against the yen on Thursday as the Federal Reserve's outlook for rising interest rates underlined the diverging path between the United States and the rest of the rich world.It came as the European Central Bank prepared to turn its liquidity taps back on in full after a 2-1/2 year break, and as voters in Scotland started hitting the polls to decide whether to separate from the rest ...
UK's FTSE gains on Fed, shrugs off Scotland referendum angst LONDON: Britain's top shares rose on Thursday as investors put aside angst about an independence vote that got underway in Scotland to focus on the prospect of an extension of ultra-low interest rates in the United States.Equities across Europe temporarily trimmed gains when the European Central Bank handed out a below-forecast 82.6 billion euros ($106.38 billion) in its first offering of four-year loans to banks.But traders said this was offset by expectations that a small ...

 



 
Index Closing Chg%
Arrow DJIA 17,156.85 0.15
Arrow Nasdaq 4,562.19 0.21
Arrow S&P 2,001.57 0.13
Arrow FTSE 6,780.90 0.17
Arrow DAX 9,661.50 0.30
Arrow CAC-40 4,431.41 0.50
Arrow Nikkei 15,888.67 0.14
Arrow H.Seng 24,376.41 1.00
Arrow Sensex 26,631.29 0.52





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln