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Sterling edges up against euro, UK welfare cuts expected LONDON: Sterling climbed against the euro on Monday after Greek voters overwhelmingly rejected terms of a rescue package, boosting safe-haven flows into Britain's bonds and currency. There was no sense of panic selling in the euro, amid expectations the European Central Bank would take policy action to stabilize the market if necessary and hold emergency funding to Greek banks at the same level as last week. But the common currency, which edged up from lows after the resignation of Greek Finance Minister Yanis Varoufakis, was still a sell on rallies, traders said. The euro was down 0.4 percent on the day at 71.10 pence , having fallen to a low of 70.57 pence earlier in the Asian session. It was still well above last Monday's low of 69.88 pence, its lowest in nearly eight years. "Euro/sterling has been a popular cross during the Greek crisis. There is a lot of ...


Malaysia ringgit hits 16-year low on political uncertainty KUALA LUMPUR: Malaysia's ringgit hit a 16-year low Monday on growing political uncertainty following allegations that a probe into a state investment fund found hundreds of millions of dollars were transferred into the prime minister's personal accounts.The currency dropped 0.8 percent to 3.8088 against the greenback in Kuala Lumpur, the lowest level since May 1999.The currency was fixed at 3.8 to the dollar in 1998 during the Asian financial crisis after it slumped 35 percent ...

Euro steady as investors weigh risks of Greek exit TOKYO: The euro held its ground in Asia on Monday despite the odds of a Greek exit from the eurozone spiking after the country rejected creditors' austerity demands in a landmark weekend referendum.The 19-nation currency was changing hands at $1.1027 and 134.82 yen, down from $1.1102 and 136.70 yen Friday.However, it clawed back some of the losses suffered in New York electronic trade Sunday, when it fell to $1.0963.The dollar fetched 122.28 yen against 123.05 ...

C$ softens on weaker oil, disappointing China data OTTAWA: The Canadian dollar weakened against the greenback on Friday as oil prices slipped and as data showed service sector activity slowed in China, a major consumer of commodities.Investors were also wary of taking aggressive bets heading into Sunday's Greek referendum on the country's bailout terms with lenders. An opinion poll showed supporters of the terms have taken a slim lead.Talks between Greece and international lenders collapsed last weekend, causing Greece to miss a payment ...

Mixed US jobs report weighs on dollar TOKYO: The dollar was under pressure Friday following a mixed US jobs report that has investors questioning the likelihood of a September interest rate hike, while the euro was little changed ahead of this weekend's Greek bailout referendum.In Tokyo, the greenback bought 123.13 yen, marginally up from 123.07 yen in New York but down from 123.54 yen earlier Thursday in Asia.The euro held up at $1.1091 and 136.56 yen from $1.1086 and 136.43 yen.On Thursday, ...

C$ pulls back from 2-1/2-month low OTTAWA: The Canadian dollar touched a 2-1/2-month low against the greenback on Thursday before clawing back some gains as the currency continued to be dogged by uncertainty over the Greek crisis and reduced expectations for the Canadian economy.Investors remained on watch about Greece's fate a day after the country's prime minister urged Greeks to reject an international bailout deal in a referendum this weekend. Greece defaulted on its debt to the International Monetary Fund earlier ...

Dollar slips after US jobs data signals later Fed rate hike NEW YORK: The US dollar slipped against a basket of major currencies on Thursday after US jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. Nonfarm payrolls increased by 223,000 last month, the Labor Department said.Adding to the report's soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported. While the ...


 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln