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Spanish, Italian yields fall as banks health check brings relief LONDON: Spanish and Italian government bond yields fell on Monday after the euro zone bank stress tests showed no major bank was in trouble, while those that failed having only a relatively small capital hole to fill.Yields remained around the day's lows after Germany's Ifo business survey came in weaker than expected, reflecting a calmer market after a raft of poor data caused one of the sharpest sell-offs in peripheral bonds two weeks ago.Only 25 banks of the 130 tested failed the European Central Bank's assessment at the end of last year, with a total 25 billion euro capital shortfall. Investors saw this as manageable and reassuring.Of the banks that failed, a dozen had already raised 15 billion euros to make repairs. The main problems were in Italy, Cyprus and Greece, with Italy facing the biggest challenge as nine of its banks fell short. Two still have gaps to plug.The ...

Upbeat business surveys encourage investors out of Bund refuge LONDON: German government bond yields edged higher on Thursday after an unexpected uptick in euro zone business surveys staved off fears the bloc could be headed for a triple-dip recession. Markit, which publishes the survey, said the positive reading for the euro zone manufacturing sector points to an expansion in gross domestic product in the current quarter."There's been a string of bad news so this is one thing at least to give a little bit ...
Investors return to periphery debt as ECB mulls corporate bond buys LONDON: Low-rated euro zone bond yields fell on Tuesday after several sources told Reuters the ECB was considering buying corporate bonds, quelling some concerns that the central bank was not doing enough to stoke inflation and growth.The report also prompted investors to pull out of safe haven German bonds, where they had sought refuge after a series of weak growth data - the latest of which came from China on Monday - dragged on the ...
Solid US data calms euro zone bond market but more volatility seen LONDON: Euro zone bond markets looked more stable on Monday after solid US economic data eased some of the concerns over a slowdown in global growth that led to sharp sell-offs in peripheral debt last week.Yields on the euro zone's lowest-rated debt rose by 40 to over 200 basis points from lows to highs last week -- among the biggest moves seen since the peak of the debt crisis -- before retreating on Friday.Signs that ...
UK gilts tumble for second day as equities rebound LONDON: British government bonds fell steeply for a second day on Friday, after share prices rebounded and investors judged that Wednesday's leap up in gilt prices was overdone. Added into the mix were comments from the Bank of England's chief economist that -- although the outlook was gloomier than three months ago, with a risk of long-term stagnation -- a rate rise around the middle of next year was still possible. A rebound in share ...
Bund yields hit new lows as euro zone outlook weakens LONDON: German Bund yields fell to a record low on Wednesday as worries over a deteriorating euro zone economic outlook, fed by another credit rating blow for France, and "free falling" inflation expectations dominated the market.Yields jumped in Greece, where investors are worrying about the risk of snap elections and Athens' plans to exit its bailout early.Data releases continued to undershoot expectations, with the latest being a 0.6 percent fall in Finnish economic output in ...
German bond yields hit record lows after ZEW fuels growth scare LONDON: German government bond yields hit a new record low on Tuesday as a monthly gauge of economic sentiment reinforced fears the euro zone's engine may be slipping towards recession.The ZEW institute's index of German economic sentiment turned negative for the first time since late 2012, falling to -3.6 in October from 6.9 the previous month. Economists polled by Reuters had expected a reading of 1.Speaking after the release, ZEW's chief economist said the German ...

 



 
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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