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Bund yields fall as S&P rating moves underscore growth worries LONDON: German Bund yields fell on Monday as growth concerns, accentuated by S&P's credit rating downgrade of Finland and its cut in France's outlook to negative, pushed investors towards relatively low-risk assets.The International Monetary Fund, which revised its global growth forecasts lower last week for the third time this year, said on Saturday bold action was needed to bolster the global economic recovery. Standard & Poor's rating for France remained at AA+, the second highest level in its scale, but the outlook was revised to negative due to difficulties pushing through reforms and deteriorating finances.Finland lost one of the euro zone's last top-notch credit ratings, with S&P citing risks of protracted economic stagnation because of an ageing population and shrinking workforce.Helsinki has taken an additional economic hit this year as the sanctions that Moscow and the West imposed on each other over the Ukraine crisis have hurt trade with Russia, ...

Greece to auction 625mn euros of 3-month T-bills Oct. 15 ATHENS: Greece will auction 625 million euros ($792 million) of three-month treasury bills on October 15 to refinance a maturing issue, the country's debt agency PDMA said on Friday. The settlement date will be October 17. Only primary dealers will be allowed to participate and no commission will be paid. Athens has a stock of about 15 billion euros of T-bills that it regularly refinances. A previous sale of three-month paper in September was priced ...
Short-dated gilts surge as Fed prompts UK rate hike rethink LONDON: Short and medium-term British government bond prices rose on Thursday as expectations that British interest rates will rise early next year were scaled back following dovish minutes from the U.S. Federal Reserve and a downbeat business survey.Bond prices rose globally after the minutes showed Fed policymakers were worried about the global economy and the strength of the dollar.Coupled with a British Chambers of Commerce (BCC) business survey that warned of a "first alarm bell" ...
Euro zone yields hit new lows after Fed signals no change for now LONDON: Yields on Spanish and a clutch of top-rated euro zone bonds hit record lows on Thursday, after the minutes of the U.S. Federal Reserve's latest policy meeting suggested it was in no hurry to raise interest rates.Analysts said the minutes of the mid-September meeting, released on Wednesday, indicated concern about a slowing global economy and the dollar's strength would keep Fed policy accommodative for now.Global equities and U.S. Treasuries rallied with yields on shorter-dated ...
Spanish yields hit record low as Fed rate hike bets pushed back LONDON: Spanish and French bond yields hit record lows in a broad-based euro zone debt rally on Thursday after the minutes of the US Federal Reserve's latest policy meeting suggested it was in no hurry to hike interest rates. Analysts said the minutes of the Fed's mid-September meeting released on Wednesday indicated concerns about downside risks to the global economy and the dollar's strength would keep the Fed's policy stance accommodative in the near future. ...
German bond yields dip amid growth fears, equity weakness LONDON: German bond yields dipped towards record lows on Wednesday as concerns over global growth spurred demand for safe-haven debt.The euro zone's largest economy was at the centre of jitters about the region after poor industrial data this week and warnings from the IMF about a slower-than-expected recovery in domestic demand.The German data has overshadowed worries that the United States will start to raise interest rates soon, which would push German bond yields higher, and ...
Portugal sells 1 bln euros in 2020 bonds LISBON: Portugal sold 1 billion euros of bonds due 2020 on Wednesday at the lowest yield ever of that maturity, the IGCP debt agency said. The amount issued was at the top of the IGCP's indicative amount of 750 million euros to 1 billion euros. The IGCP placed the bond at an average yield of 1.8171 percent. Portugal hasn't issued a similar dated maturity recently but its five-year bonds currently trade around 1.7 percent.The bid-to-cover ...

 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln