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Sterling retreats from recent peak after BoE minutes LONDON: Sterling fell against the dollar and the euro on Wednesday after Bank of England minutes highlighted a growing debate between policymakers about slack in the economy and the medium-term inflation outlook. Sterling eased to $1.6802 against the dollar from around $1.6823 before the minutes were released. The currency had struck a 4 1/2-year high of $1.6842 on April 17 and some traders said the minutes were used as an excuse to book profits. The euro rose to a session high of 82.405 from around 82.30 pence beforehand.The common currency had fallen to a two-month low on Tuesday, but it was supported on Wednesday by better-than-expected euro zone "flash" PMI surveys. The pound was little moved by data which showed Britain's budget deficit in the 12 months to March shrank to its lowest since the financial crisis. "The market will have to get used a number of views, often conflicting, ...

Dollar mixed in Asia as traders eye Obama tour TOKYO: The dollar was mixed against the yen and euro in Asia on Wednesday, with traders looking for developments in US-Japan free trade talks as President Barack Obama arrives in Tokyo for the start of an Asian tour.In afternoon trade, the greenback changed hands at 102.61, little changed from 102.60 yen in New York Tuesday afternoon, while the euro rose to $1.3835 and 141.97 yen, from $1.3804 and 141.65 yen.Akira Moroga, manager of forex product ...

China yuan hits 16-month low against dollar SHANGHAI: China's yuan currency extended its downtrend against the dollar Wednesday to hit a 16-month low, despite the country's central bank fixing its trading point for the unit at a higher level.The unit fell to as low as 6.2458 to the dollar in the morning, its weakest level since December 2012. That compared with Tuesday's close of 6.2370, according to the China Foreign Exchange Trade System.However, the People's Bank of China had set the mid-point ...

Hong Kong stocks down 0.72pc by lunch HONG KONG: Shares in Hong Kong fell 0.72 percent on Wednesday morning as investors brushed off preliminary data showing Chinese manufacturing improving slightly in April.The benchmark Hang Seng Index slipped 164.79 points to 22,565.89 by the break on turnover of HK$30.12 billion ($3.89 billion). Copyright AFP (Agence France-Presse), 2014

Dollar holds steady, eyes on Obama Asia tour TOKYO: The dollar held steady against the yen in Asia on Wednesday, with traders looking for developments in US-Japan free trade talks as President Barack Obama starts an Asian tour.In Tokyo midday trade, the greenback changed hands at 102.57, a touch down from 102.60 yen in New York Tuesday afternoon, while the euro bought $1.3809 and 141.66 yen, against $1.3804 and 141.65 yen.Akira Moroga, manager of forex product group of Aozora Bank, said with Obama ...

Dollar-euro holds in narrow range after Easter break NEW YORK: Major currencies were little-changed Tuesday after the end of the Easter holiday with little news to ease worries over the festering Ukraine crisis.The euro-dollar rate clung to the narrow range held over the past week, with the euro gaining slightly to $1.3804.The yen also move little, while the British pound scored modest gains. Kathy Lien of BK Asset Management said that the lack of economic news had contributed to the becalmed market.But she ...

India rupee hits 1-month low on heavy dollar demand from oil firms MUMBAI: The Indian rupee fell on Tuesday to its weakest level against the dollar since March 21, weighed down by heavy greenback demand from importers, particularly oil firms, as well as weaker regional currencies.The partially convertible rupee was trading at 60.85/86 per dollar by 2:55 p.m. (0925 GMT), after earlier hitting as low as 60.86, its weakest since March 21. The unit had closed at 60.59/60 on Monday. Asian currencies also fell on Tuesday, with ...


ArrowDJIA 16,514.37 0.40
ArrowNasdaq 4,161.46 0.97
ArrowS&P 1,815.69 0.95
ArrowFTSE 6,681.76 0.85
ArrowDAX 9,600.09 2.02
ArrowCAC-40 4,484.21 1.18
ArrowNikkei 14,388.77 0.85
ArrowH.Seng 23,003.64 0.79
ArrowSensex 22,758.37 0.03

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln