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Weak Chinese data bogs down dollar, commodity currencies NEW YORK: The dollar hit three-week lows on Tuesday and commodity-linked currencies fell hard as disappointing Chinese import data fed worries about the global economy and raised bets the Federal Reserve would not raise US interest rates until 2016. The pound shed as much as 1 percent against the dollar and touched a five-month low against the euro after domestic inflation turned negative again. In contrast, the Swedish crown rose to a near four-month peak versus the greenback as domestic consumer prices grew for the first time in four months in September. "The market is worried about commodity demand in China. We saw early weakness in most commodity prices," said Thierry Albert Wizman, global interest rates and currencies strategist at Macquarie Ltd. in New York. The 19-commodity Thomson Reuters/Core Commodity CRB Index , a global benchmark for commodities, fell 0.1 percent before turning up 0.55 percent with a rise in ...

Kenyan shilling eases, main share index nears three-year low NAIROBI: The Kenyan shilling weakened on Tuesday due to increased dollar demand while the stock exchange's main index closed just above a three-year low.At close of trade, commercial banks quoted the shilling at 103.25/35 to the dollar, compared with Monday's close of 102.90/103.00. Earlier in the session it had touched 103.50/60 before reversing its losses, traders said.The shilling, which has lost 12 percent against the dollar this year, firmed in the past two weeks due ...

Ugandan shilling weakens due to commercial bank dollar demand KAMPALA: The Ugandan shilling weakened on Tuesday, sapped by dollar demand from commercial banks, but was seen getting support from companies making local currency denominated tax payments.At 0916 GMT commercial banks quoted the shilling at 3,670/3,680, weaker than Monday's close of 3,660/3,670."Demand has come in from both local and offshore commercial banks ... that has created some pressure for the shilling," said Faisal Bukenya, head of market making at Barclays Bank Uganda.Bukenya said whenever the ...

Sri Lankan rupee ends weaker on importer dollar demand COLOMBO: The Sri Lankan rupee ended weaker on Tuesday due to importer dollar demand and weak exporter dollar sales, dealers said. The rupee ended at 140.55/60 per dollar compared with Monday's close of 140.40/45. "Exporters are holding on and not converting many dollars. They expect a further fall," said a currency dealer who asked not to be named. The rupee hit a record low of 141.40 per dollar on Sept 28, but recovered slightly after ...

Dollar rises against emerging currencies after China data TOKYO: The dollar rallied against emerging currencies in Asia Tuesday as Chinese trade data showing an import slump fuelled anxiety about slower growth of the region's largest economy.The risk-off mood, fanned by a decline on Monday in crude oil prices, weighed especially on the Indonesian rupiah and the Malaysian ringgit.The greenback advanced more than one percent against both units.Dealers also sold the dollar against the yen, which is seen as a safe-haven currency in times ...

Sterling firms to near two-week high versus struggling dollar LONDON: Sterling climbed towards a two-week high against the struggling dollar on Monday, as investors cut bets in favour of the greenback on growing confidence that the Federal Reserve will not raise interest rates anytime soon. And while that has pushed back chances of the first rate hike in the UK to well into late 2016, recent comments from Bank of England Governor Mark Carney, who said the bank is not bound to wait for ...

Zloty firms, shrugs off pre-election uncertainty over policy BUDAPEST/WARSAW: The zloty firmed slightly on Monday as Poland's healthy economic growth outlook offset policy uncertainties over looming elections, while most Central European assets moved little.Polls in Poland suggest that opposition Law and Justice Party (PiS) will win elections on Oct. 25. Finance minister Mateusz Szczurek said PiS' economic and fiscal promises threaten to harm local markets and government finances.But for the time being, markets seemed to ignore these concerns, and the zloty firmed 0.2 ...


ArrowDJIA 17,131.86 0.28
ArrowNasdaq 4,838.65 0.17
ArrowS&P 2,017.46 0.13
ArrowFTSE 6,371.18 0.70
ArrowDAX 10,119.83 0.23
ArrowCAC-40 4,688.70 0.27
ArrowNikkei 18,438.67 1.67
ArrowH.Seng 22,730.93 1.21
ArrowSensex 26,904.11 0.65

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln