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Malaysia KUALA LUMPUR: The power arm of Malaysian builder MMC Corp Bhd has obtained regulatory approval to issue up to 1.8 billion ringgit ($575.2 million) worth of Islamic bonds to repay debt, MMC said on Friday. The fund-raising by unit Malakoff Corp Bhd comes in the form of 30-year Islamic bonds, junior sukuk musharakah, which will be used for working capital as well as to redeem its outstanding debt, MMC said. MMC, which owns 51 percent of Malakoff, plans an initial public offering of shares in the unit on the local bourse next year, which could fetch up to $1 billion. Copyright Reuters, 2012

Turkish bond yields fall after central bank holds rates  ISTANBUL: Turkey's busiest two-year benchmark yield fell to 7.77 percent from 7.92 percent after the central bank decided against changing its interest rates at a monthly meeting on Thursday. The lira firmed against the dollar to 1.7972 from 1.7987 before the decision was announced. Rather than touch rates, the central bank opted to ease monetary policy gently by raising the amount of lira reserves that commercial lenders can hold in foreign currencies and gold. The main share index ...

South Africa bonds yields rise on oil, food prices  JOHANNESBURG: South Africa's rand weakened on Thursday while government bond yields climbed in line with global debt market trends amid a deterioriating inflation outlook due to rising oil and food prices rises. However, the sell-off of local debt was partly off-set by steady demand from fund managers that track Citigroup's influential World Government Bond Index, which South Africa is set to join in October. The yield on the heavily traded 14-year government bond rose four basis points ...

Bunds fall to seven week lows, dragged by Treasuries  LONDON: German Bund futures fell on Thursday, pulled down by a further sell-off in US Treasuries after a batch of upbeat economic data and with few developments seen in the euro zone debt crisis before next month.  Better-than-forecast US jobs, retail sales and industrial production data have lowered expectations of a further round of policy easing by the Federal Reserve and 10-year Treasury yields have risen around 20 basis points this week, although other releases have ...

Bunds break technical levels to fall to 6-week low  LONDON: German Bund futures extended losses on Wednesday after breaking through key technical levels. Bund futures fell to a session low of 142.06 having briefly broken below support levels at last week's low of 142.17 and 142.22 - the 62 percent retracement of the June to July rally. The contract was last 21 ticks lower at 142.22. Analysts look for the market to close below key technical levels to consider it a comprehensive signal of sentiment. Copyright Reuters, ...

Bunds falter on resilient German Q2 growth  LONDON: Bund futures fell on Tuesday after German and French data showed the euro zone's two leading economies withstood a contraction in the currency bloc in the second quarter, but doubts over latest efforts to stem the debt crisis capped losses. Seasonally adjusted data showed German gross domestic product grew 0.3 percent in the second quarter on the back of solid exports and consumption. Earlier, figures showed French GDP was static in the second quarter, confounding ...

India MUMBAI: India's IDFC Ltd plans to raise at least 2 billion rupees ($36.09 million) via five-year staggered bonds at 9.40 percent, a source with direct knowledge of the deal said on Tuesday. The bonds have a redemption of 85 percent in the second year and 5 percent each for three years thereafter, the source said. ICICI Bank is the sole arranger to the deal, the source said. Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln