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Sterling slips from 2-1/2 month high vs euro, eyes on Queen's Speech LONDON: Sterling eased from a recent 2-1/2 month high against the euro on Wednesday, with investors awaiting the Queen's Speech which will outline the government plans for a referendum on European Union membership.Queen Elizabeth will detail the plans in a speech written for her by Prime Minister David Cameron's government as she opens parliament with an annual display of pomp. Among other measures expected are possible cuts to taxes and welfare spending, issues flagged during an election which Cameron's Conservative Party won earlier this month.Analysts have been flagging concerns about a possible "Brexit", and many say the risks to a UK economy that relies on inflows of investment and capital to fund its 100 billion pound current account deficit are greater this time around than during the Scottish referendum in September 2014."The focus will be on the Queen's speech today, where we may hear more details on the EU in/out ...


Sri Lanka rupee forwards down on importer dollar demand COLOMBO: Sri Lanka's rupee forwards traded weaker on Wednesday due to importer dollar demand amid outflows from foreign sales in government securities, dealers said, a day after the central bank allowed the spot currency to fall by 0.15 percent.Dealers said lack of greenback conversions by exporters, who are managing their costs locally with cheaper rupee loans in a lower interest rate environment, was weighing on the currency.Actively traded three-month forwards were at 137.50/80 per dollar ...

Australia, NZ dollars at multi-week lows on Fed hike risk SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell to multi-week lows on Wednesday as the US dollar got a lift from growing expectations of an interest rate hike later this year.The Australian dollar eased to its weakest in a month at $0.7726, after major support at around $0.7775 gave way. It slumped 1.2 percent on Tuesday, and now has lost more than four cents since mid-May. It last traded at $0.7742.Upbeat US economic data gave ...

Kenyan shilling drops to 3-1/2 year low, shares ease NAIROBI: Kenya's shilling fell to its lowest in close to three years and seven months on Tuesday, undermined by dollar demand from the energy and manufacturing sectors.Shares fell slightly.At the close of trade, commercial banks quoted the shilling at 98.35/45 to the dollar, down from Monday's close of 97.85/95. The shilling last traded at these levels in Nov. 2011."Demand is from energy and manufacturing. But I expect it not to weaken further. I think we ...

Dollar gains top 1 percent on US rates outlook NEW YORK: The dollar rose more than 1 percent against other major currencies on Tuesday, extending recent gains largely driven by increasing expectations the Federal Reserve will start raising US interest rates in 2015.The dollar climbed to its highest in nearly eight years against the Japanese yen and pushed the euro, already weighed down by anxieties over Greece's financial crisis, below $1.09 for the first time in a month. The dollar index, composed of six ...

South Africa's rand buckles as weak data, strong dollar weigh JOHANNESBURG: South Africa's rand slipped to a two-week low on Tuesday, weighed down by poor domestic data while the dollar stretched recent gains. At 1500 GMT the rand had weakened 1.09 percent to 12.0600 per dollar, with the next support around 12.15 in sight ahead of another wave of domestic data later this week. "Rand weakness is a function of a much firmer dollar," said Nilan Morar of Global Trader, as the rand traded past ...

Dollar gains top 1 percent on US rates outlook NEW YORK: The dollar rose more than 1 percent against other major currencies on Tuesday, extending recent gains largely driven by increasing expectations the Federal Reserve will start raising U.S. interest rates in 2015.The dollar climbed to its highest in nearly eight years against the Japanese yen and pushed the euro, already weighed down by anxieties over Greece's financial crisis, below $1.09 for the first time in a month.The dollar index, composed of six leading ...


 



 
Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln