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Sterling climbs after UK data points to robust investment, exports LONDON: Sterling inched up against the dollar on Friday, recovering from the previous day's 1 1/2-month lows after data showed UK growth was underpinned by robust exports and business investments in the second quarter. Sterling hit a high of $1.5427, up 0.2 percent, after the data, from $1.5400 beforehand. It had fallen to $1.5370 on Thursday after data showed the United States expanded much faster in the second quarter than previously estimated, boosting a view that US interest rates could rise this year. The pound trimmed gains against the euro to trade at 73.22 pence per euro, having traded at 73.33 beforehand. The Office for National Statistics said UK gross domestic product rose by 0.7 percent in the second quarter of this year, confirming a preliminary reading, as expected. Business investment rose 2.9 percent on the quarter, the highest in a year while net trade boosted gross domestic product by ...

Ugandan shilling weakens due to increased liquidity KAMPALA: The Ugandan shilling weakened on Friday, due to increased dollar demand from commercial banks after the central bank injected liquidity into the money markets. At 0854 GMT commercial banks quoted the shilling at the shilling at 3,630/3,650, weaker than Thursday's close of 3600/3610. The central Bank of Uganda (BOU) injected 134 billion shillings ($36.91 million) into the interbank market using reverse repurchase agreements on Friday. A lack of liquidity had pushed rates on overnight ...

Dollar index slips, investors await guidance from Fed LONDON: The dollar eased against a basket of major currencies for the first time in four days on Friday, with investors awaiting fresh comment from the US Federal Reserve on interest rates after a tumultuous week in global financial markets. The dollar had bounced back from seven-month lows struck on Monday as a semblance of calm returned to markets, with the greenback also benefiting from upbeat US data. The dollar index was down 0.1 percent ...

Sri Lankan rupee falls after state-run bank raises dollar peg COLOMBO: The Sri Lankan rupee fell on Friday as a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar by 15 cents, allowing the exchange rate to depreciate to 134.30. The local currency ended 0.11 percent weaker at 134.30 per dollar compared with Thursday's close of 134.15. The market had expected the central bank to allow the rupee to depreciate further, in line with other regional ...

Dollar ticks up after upbeat US growth figures TOKYO: The dollar rose against the yen Friday after upbeat US growth data suggested the world's top economy was weathering a slowdown in China, ahead of a key Federal Reserve summit of central bankers.In Tokyo morning trading, the dollar bought 121.08 yen, up from 121.02 yen in New York and sharply higher than the 119.98 yen a day earlier.The euro was stronger at $1.1256 against $1.1239 in US trade, while it rose to 136.29 yen ...

C$ strengthens as oil vaults more than 10 percent TORONTO: The Canadian dollar firmed against its US counterpart on Thursday, as crude prices soared more than 10 percent following a global equities rally and an unexpected drop in US oil inventories.The loonie, which fell to 11-year lows earlier this week as investors rushed to safety on worries about slowing growth in China, also gained against other major currencies.The strength came even as the greenback rose against a basket of currencies following upbeat US data ...

Dollar firms for 3rd day on strong US data, equities gain NEW YORK: The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment.U.S. data showing falling jobless claims and a faster growth rate than had initially been estimated in the world's largest economy underpinned the dollar.The reports, however, did little to change the view that the Federal Reserve would delay raising ...


Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61

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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 $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln