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C$ firms on higher oil, Bank of Canada speech TORONTO: The Canadian dollar strengthened against the greenback on Thursday after oil prices jumped on news that Saudi Arabia and its allies carried out air strikes in Yemen and after Bank of Canada Governor Stephen Poloz gave a speech that was less dovish than expected.Stock markets worldwide were knocked lower after the air strikes in Yemen fueled worries that Middle East energy shipments may be put at risk, although Wall Street later recovered.As the oil rally faded a bit, Poloz said the bank's quarter-point rate cut in January has bought it time to examine the effects of cheaper oil on the economy of Canada, a major oil producer. The remarks underscored the possibility the central bank will keep interest rates steady next month.Poloz allowed the possibility that first-quarter economic growth might come in lower than the bank's 1.5 percent forecast, and he did not rule out a negative reading, though ...


Sri Lankan rupee forwards rise on remittances COLOMBO: Sri Lankan rupee forwards edged up on Thursday, with one-week forwards rising for the first time in four weeks on dollar inflows from remittances, foreign bond buying and exporters sales, dealers said.Actively traded one-week forwards, which edged up for the first time since Feb. 27, ended 133.52/57 firmer from Wednesday's close of 133.60/75.Two-week rupee forwards ended steady at 133.70/75 per dollar compared with Wednesday's close."Dollar sales by banks for exporters and inward remittances strengthened ...

Gulf worries drive yen, Swiss franc higher against dollar LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies.News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran-allied forces in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf, dampened risk ...

Kenyan shilling weakens on importer demand, stocks fall NAIROBI: Kenya's shilling weakened on Thursday, undermined by importer demand and the International Monetary Fund's view that the local currency was over valued.The main shares index fell on profit-taking.At close of trade, commercial banks quoted the shilling at 92.00/10 to the dollar, from Wednesday's close of 91.75/85.The IMF country representative told Reuters the shilling was over valued by about 5 to 10 percent to the dollar but demand for imports and other market pressures were ...

C$ strengthens after Bank of Canada speech TORONTO: The Canadian dollar strengthened against its U.S counterpart on Thursday after a speech by Bank of Canada Governor Stephen Poloz in London was viewed by the market as less dovish than expected.In remarks that underscored the possibility the central bank will keep interest rates steady next month, Poloz said the bank's quarter-point rate cut in January has bought it time to examine the effects of cheaper oil on the economy of Canada, a major ...

South Africa's rand extends losses on dollar strength JOHANNESBURG: South Africa's rand extended losses against the dollar on Thursday, despite a hawkish monetary policy statement, mainly reflecting broad-based strength of the greenback against major currencies.Government bonds also weakened sharply, with the yield for the 2026 benchmark up as much as 16.5 basis points to 7.780 percent.Copyright Reuters, 2015

Dollar gains against euro but slips against yen, franc on Gulf worries NEW YORK: The US dollar recovered against the euro on Thursday on the view that central bank monetary policy remained more favorable for the greenback, while it slipped against the Japanese yen and Swiss franc concerns about Gulf oil supplies.The euro hit $1.10525 early Thursday, its highest since a nearly two-week high of $1.10625 on March 18 after the Fed released its latest policy statement, before erasing its gains. It last traded down 0.48 percent ...


 



 
IndexClosingChg%
ArrowDJIA 17,718.54 1.62
ArrowNasdaq 4,876.52 2.37
ArrowS&P 2,061.05 1.46
ArrowFTSE 6,990.97 0.41
ArrowDAX 11,865.32 1.16
ArrowCAC-40 5,020.99 1.30
ArrowNikkei 19,746.20 0.17
ArrowH.Seng 24,528.23 0.54
ArrowSensex 28,111.83 0.17





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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%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln