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US debt slips on signs of budget talks progress  LONDON: US Treasury prices edged lower on Monday as US politicians took a small but significant step towards averting the wave of tax hikes and spending cuts that investors fear could crush economic growth next year.   * Republican House Speaker John Boehner proposed an increase in taxes that, while still far short of what President Barack Obama is seeking, represented the first real movement in "fiscal cliff" negotiations ahead of a Dec. 31 deadline.   * "It's important that there's been a shift, so to that extent it's a positive development ... (but) people are now wary over-interpreting what politicians say," said Marc Ostwald, strategist at Monument Securities in London.   * The progress cooled demand for US debt, which acts as a safe haven and benefits from uncertainty over the negotiations, sending Treasury futures 7/64 lower to 132-22/32. US 10-year yields were 2 bps higher at 1.72 percent.   * Japanese election results also added to ...

Bunds dip on some sign of progress on US budget deal  LONDON: German Bunds dipped on Monday following signs of progress in the United States towards averting a fiscal crisis next year, but losses were capped by the limited time left for US lawmakers to reach a final deal.   The first palpable sign of progress in talks to avoid automatic, large-scale fiscal tightening next year came on Sunday, when Republican House Speaker John Boehner offered to accept a tax increase for the wealthiest Americans.   His offer knocks down ...

India bond yield, 1 year OIS at over 6 week low as inflation eases  MUMBAI: Indian benchmark federal bond yields and the short-end swaps fell to an over six-week low after data showed headline inflation plummeted in November, reinforcing expectations of a policy rate cut as early as January.   India's headline inflation rate, measured by wholesale prices, hit a 10-month low, rising 7.24 percent in November from a year ago, compared with 7.45 percent in October.   "Today's move is essentially on the inflation number, and the 10-year yield could drop to ...

Italy bond market fears ease as election looms  MILAN: Italy's borrowing rates fell in a bond auction that raised nearly 4.25 billion euros ($5.54 billion) on Thursday, as analysts said tensions ahead of elections expected in February would be "limited".   Italy raised 3.495 billion euros in bonds coming due in 2015 at 2.50 percent from 2.64 percent in the last sale in November and 729 million euros with bonds due in 2026 at 4.75 percent from 5.32 percent in September.   "Italy's political turmoil has limited ...

Bunds choppy as markets mull Fed easing impact  LONDON: German Bund futures rose in choppy trading on Friday as investors struggled to assess the long-term impact of the US Federal Reserve's decision to buy more Treasuries in a bid to stimulate the economy.   At the same time, bonds issued by Italy and Spain further recovered losses made early in the week as concerns eased that the resignation plan of Prime Minister Mario Monti would weaken Italy's resolve to reform.   German bonds fell at the open ...

Gilts steady after Fed announcement, fiscal cliff concerns weigh  LONDON: UK government bonds were steady on Thursday after the US Federal Reserve announced a new round of monetary stimulus but fears over a standoff in budget talks in Washington kept investors in nervous mood.   The Federal Reserve said on Wednesday it would buy $45 billion in Treasuries each month and keep interest rates near zero until the jobless rate falls to 6.5 percent, well below its current level, so long as inflation is contained.   At 0841 ...

Zurich brings earthquake bond to market LONDON: European insurer Zurich is seeking to raise $225 million through the sale of a catastrophe bond to renew its cover for earthquake reinsurance in the United States and Canada.   The bond will be sold through Zurich's Bermuda-based Lakeside Re vehicle, and offer protection against potential claims from damages caused by earthquakes in California and the Pacific Northwest, sources with knowledge of the deal said on Wednesday.   Catastrophe bonds are used by the insurance industry to transfer ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln