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Italy sells 6.5bn euros of government bonds  LONDON: Italy sold 6.5 billion euros of government bonds on Thursday, with three-year borrowing costs falling to their lowest since October 2010 after Germany's top court backed the euro zone's new rescue fund.   The gross yield at the sale of 4 billion euro of three-year bonds was 2.75 percent, down from 4.65 percent at the last auction of the paper on July 13 and compared with an average of 4.11 percent at sales of similar paper this year. Investors bid for 1.49 times the amount offered versus 1.73 lat time.   It also sold 1.5 billion euros of 2026 bonds, the longest maturity conventional bond the country had tried to sell in over a year, and 1 billion euros of off-the-run 2017 paper.   Copyright Reuters, 2012 ...

Bunds steady before Fed, Italian sale  LONDON: German government bonds were little changed in early trade on Thursday, holding near multi-month lows hit the previous day when investors' appetite for risk picked up after Germany's top Court gave the go ahead to the euro zone's rescue fund.   Market activity may be limited before the US Federal Reserve's policy announcement at 1630 GMT, with the central bank likely to launch a third round of bond purchases - or quantitative easing, dubbed "QE3" - ...
Gilts hit 3-wk low as German court backs rescue fund  LONDON: British gilt futures tumbled to a three-week low on Wednesday after Germany's Constitutional Court gave a green light for the ratification of the euro zone's new bailout fund, buoying crisis-weary investors. Germany is the only country in the 17-nation bloc that has not ratified the European Stability Mechanism, an important tool to stem the crisis that has forced bailouts of Greece, Ireland and Portugal, and is now threatening big countries like Italy and Spain. The December ...
German court verdict boosts Spanish bonds, hits Bunds  LONDON: Spanish and Italian bonds rallied and German debt prices fell on Wednesday after Germany's top court gave the greenlight to the euro zone's new bailout fund, removing a major hurdle to the bloc's crisis-fighting plans.   The constitutional court rejected a challenge to the European Stability Mechanism (ESM), allowing Germany to ratify the 700 billion euro fund as long as it could guarantee there would be no increase in German financial exposure to the fund without ...
Turkish bond yields, CDS dip on soft landing hope  ISTANBUL: Turkish bond yields fell to a new 20-month low on Wednesday as investors bet on more aggressive central bank rate cuts and the cost of insuring Turkish debt against default fell too, on optimism that the economy was on track for a soft landing. The yield on Turkey's two-year benchmark bond fell to 7.18 percent in early trade although it was back up at 7.23 percent by 0900 GMT, the same level as Tuesday's close ...
Spanish debt rallies after rescue fund ruling  LONDON: Spanish and Italian bonds rallied and German debt prices fell on Wednesday after Germany's top court gave the green light to the euro zone's new bailout fund, prompting relief the bloc's rescue plans remained on track. The constitutional court rejected an injunction against the European Stability Mechanism (ESM), allowing Germany to ratify the fund as long as it can guarantee there will be no increase in German financial exposure to the fund without parliament's approval.  The ...
Bunds slip awaiting German court ruling  LONDON: German Bund futures slipped at Wednesday's open as investors awaited a crucial legal ruling on the validity of the euro zone's rescue mechanism and the launch of a new five-year bond.  Few expect Germany's top court court to rule the bailout fund unconstitutional -- an outcome that would torpedo latest attempts to fix the region's debt crisis -- but some think the judges could attach tough conditions on any future German aid.  "In these markets we ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln