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India bonds fall; govt source says fiscal deficit may widen more  MUMBAI: India's benchmark 10-year bond yields rose on Thursday after a government source said the fiscal deficit could widen more than targeted for the year ending in March, potentially requiring additional market borrowing.   The government source said the fiscal deficit could reach 5.5 to 5.6 percent of gross domestic product in 2012/13, which could require additional market borrowing of 350-400 billion rupees.   The benchmark 10-year bond yield rose to as high as 8.23 percent, up 3 basis points from levels before the news. The yield was last trading at 8.22 percent compared to its 8.21 percent close on Wednesday. Copyright Reuters, 2012

Bunds pause after recent sharp losses  LONDON: Bunds were steady on Thursday, consolidating recent losses on the back of perceived improvement in Greece's chances to secure a new aid tranche disbursement.   German Chancellor Angela Merkel induced some optimism in the market by saying an agreement to release aid to Athens was still possible next Monday when euro ministers meet, after Greece's international lenders failed to reach a deal on Wednesday.   At 0703 GMT, Bund futures were 1 tick higher at 142.18, having fallen ...

Bunds erase gains on Merkel comments  LONDON: German Bund futures fell on Wednesday as politicians stepped up efforts to come to a deal to release aid for Greece after a meeting on Monday failed to reach agreement.   German Chancellor Angela Merkel told a closed-door meeting of lawmakers that lower interest rates and an expanded EFSF rescue fund could fill Greece's financing gap.   "The news (overnight) was a bit disappointing, but Merkel comments this morning seem pretty supportive," one trader said.   German Bund futures were ...

Indian bond yields edge higher; cash crunch remains a key worry  MUMBAI: Indian bond yields edged higher on Tuesday on continued caution about a cash crunch and ahead of a winter parliament session that is seen as a test of the government's resolve to stick with fiscal and economic reforms.   Tight liquidity continues to be the primary concern among bond dealers, with the cash deficit rising above 1 trillion rupees for a fifth successive session.   That has sparked hopes the central bank will step in to buy bonds ...

Cost to insure against French default edges higher  LONDON: The cost to insure French government debt against default rose on Tuesday after the sovereign lost another of its top-notch credit ratings.   Moody's Investors Service downgraded France by one-notch to Aa1, leaving it with a negative outlook and citing an uncertain fiscal outlook and a deteriorating economy.   Five-year credit default swaps (CDS) on French debt rose 4 basis points to 93 bps, according to data monitor Markit. This means it costs $93,000 annually to buy $10 ...

Gilts steady after France downgrade, investors eye 5-year auction  LONDON: British government bonds were broadly steady early on Tuesday after credit ratings agency Moody's stripped France of its top triple-A grade.   Moody's cut the sovereign rating for Europe's No. 2 economy by one notch to Aa1, citing an uncertain fiscal outlook and deteriorating economy. The move follows a similar downgrade by Standard & Poor's in January and had been widely expected.   "The market implications of the rating action are probably rather limited," Barclays strategist Moyeen Islam ...

India to sell 130bn rupees of debt on November 23  MUMBAI: India will sell 130 billion rupees of bonds on November 23, the Reserve Bank of India said in a statement on Monday.   It will sell 30 billion rupees of 8.19 percent 2020 bonds, 70 billion rupees of 8.20 percent 2025 bonds and 30 billion rupees of 8.83 percent 2041 bonds, the central bank said.   Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln