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Ugandan shilling little changed but expected to strengthen KAMPALA: The Ugandan shilling was little changed on Tuesday though traders were betting on a stronger local currency in the short term, buoyed by inflows from end-of-year spending by non-governmental organisations (NGOs).At 0946 GMT commercial banks quoted the shilling at 2,745/2,755, a touch stronger than Monday's close of 2,748/2,758."NGOs close the year early so we expect significant conversions from them in the coming days," said Isaac Iga, chief dealer at Orient Bank. "Those inflows, added to remittances from emigrant workers, should outweigh any demand."Local NGOs typically receive donations in hard currency and Isaac said they would be doing conversions to pay salaries for November and December and meet any outstanding operational expenses for the year.The local currency is down 8.2 percent against the greenback so far this year.Traders say the local currency is likely to oscillate in the 2,720-2,750 range ahead of the release of November inflation data, which trader's ...


Kenyan shilling weakens to near 3-year lows on dollar buying NAIROBI: Kenya's shilling fell to a new three-year low on Tuesday, weakened by concerns the central bank has wiped out some of its reserves and due to falling revenue from the tourism and tea sectors, while shares also retreated.At the 1300 GMT close of trade, commercial banks posted the shilling at 90.30/90.40 against the dollar, weaker than Monday's closing level of 90.05/90.25 against the dollar."People are waiting to see if the central bank will intervene ...

Euro zone bond yields hold at new lows on ECB easing prospects LONDON: Euro zone bond yields held at record lows on Tuesday with financial markets lulled by European Central Bank President Mario Draghi's vow to lift inflation from near-zero level by whatever means necessary. Spanish 10-year yields were below 2 percent, Irish yields below 1.5 percent and Portuguese yields under 3 percent. Most euro zone yields were at or near all-time lows as investors bet the ECB would expand its asset buying to include sovereign debt. ...

Romania sells 300mn lei in April 2020 T-Bonds BUCHAREST: Romania sold a planned 300 million lei ($84.04 million) worth of April 2020 treasury bonds on Monday, with the average accepted yield at 2.93 percent, central bank data showed.Debt managers last sold the paper in July at an average yield of 3.5 percent.Since then, comfortable market liquidity and rate cuts by the central bank have helped yields hover near record lows.Earlier this month, the finance ministry sold June 2019 bonds at an average yield ...

Egypt sold $1.796bn of dollar-denominated T-bills CAIRO: Egypt's central bank said it sold $1.796 billion in one-year dollar-denominated treasury bills to local banks and foreign financial institutions on Monday, more than the bank had expected when it announced the auction. The government has relied mainly on the local money market to finance its public deficit since a popular uprising in early 2011 that deterred many foreign investors. Announcing thhe auction last Thursday, the central bank said it intended to sell $1.75 ...

China 50-year fin min bonds yield at 4.24pc, within forecasts SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.25 billion) of 50-year bonds in the interbank market on Friday at an average yield of 4.24 percent, traders said, within expectation.Market forecasts had centred around 4.32 percent and ranged from 4.22 to 4.50 percent. The auction yield came in below Thursday's benchmark secondary market yield of 4.2771 percent for 50-year government bonds. Copyright Reuters, 2014

UK gilts hit five-week high on global economy worries LONDON: British government bond prices hit their highest level in more than a month on Thursday, boosted by gloomy business surveys from the euro zone and China that sounded warning bells for the global economy.As global equities retreated sharply, the 10-year gilt troughed at 2.072 percent, its lowest level since Oct. 16.At 1505 GMT it was at 2.0 percent - down around 5 basis points on the day and on track for its biggest fall ...


 



 
Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln