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Rouble at multi-month highs on oil, ECB, comments by Russian official MOSCOW: The rouble firmed to multi-month highs on Thursday, supported by higher oil prices and comments by a senior Russian official who said the rouble remained undervalued. The European Central Bank's decision to start a bond-buying programme that could potentially affect flows of funds into emerging markets such as Russia, also helped. At 1407 GMT, the rouble was around 1.5 percent stronger at 60.96 against the dollar, near its highest since early January. It had gained 2.2 percent to 67.15 versus the euro to trade at its strongest since the end of December. Brent oil prices rose above $61 per barrel. "This level of oil is quite comfortable for the rouble," VTB Capital analysts said in a note.Russia's Central Bank First Deputy Governor Dmitry Tulin told Reuters in an interview on Thursday that the rouble remained about 10 percent undervalued. This followed a recent release of Finance Ministry amendments to ...

Kenyan shilling firms, stocks fall for third day NAIROBI: Kenya's shilling firmed on Thursday helped by slow importer dollar demand and on expectations of foreign investors buying a government bond on sale this month.Stocks fell for a third consecutive day.The shilling closed at 91.05/15 to the dollar, compared with Wednesday's close of 91.15/25 to the dollar.Traders the shilling will also gain from hard currency inflows foreign investors preparing to buy an infrastructure bond on sale this month."Demand has somewhat eased after most of ...

C$ slips as US$ firms on ECB comments TORONTO: The Canadian dollar retreated on Thursday against the greenback, which strengthened following comments by the European Central Bank that underscored the strength of the US economy compared with those of other countries.The European Central Bank raised its economic growth forecasts on Thursday but cut its inflation projection for 2015 to zero, reflecting the impact of last year's sharp drop in oil prices and euro weakness.The loonie had strengthened sharply in the previous session after ...

Currencies firm, bonds ease after Poland rates signal BUDAPEST: Central European currencies firmed and government bonds eased on Thursday after the Polish central bank cut interest rates the previous day by twice as much as expected but also said its rate easing was over.The bank's 50 basis point cut in its main rate to 1.5 percent is expected to herald further rate easing in Hungary and Romania as inflation is around zero in most of the region and central banks want to stimulate ...

Egypt's pound steady on official auction and black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Thursday, while the pound stayed stable on the black market. The central bank said it offered $40 million on Thursday and sold $38.4 million at a cut-off price of 7.5301 pounds per dollar, unchanged from the last auction on Wednesday. The central bank has now kept the official exchange rate steady for more than a ...

Turkish lira hits record low of 2.6 against dollar ISTANBUL: The Turkish lira weakened to a fresh record low of 2.6 against the dollar on Thursday as concerns about President Tayyip Erdogan's battle with the central bank and the future of the government's economic team undermined sentiment. After touching an all-time low of 2.6002, the lira edged back to 2.5972 against the US currency by 1120 GMT, bringing its losses so far this year to more than 10 percent. Copyright Reuters, 2015

Croatia PM speaks out to quash kuna devaluation proposals ZAGREB: Croatia should never consider devaluing the national kuna currency as such a move would hurt citizens and companies without improving business competitiveness, Prime Minister Zoran Milanovic said on Thursday.German consultants for the biggest opposition party, the conservative HDZ, presented broad outlines of a reform plan in Zagreb this week and mentioned kuna devaluation as a possible measure.This revived an old debate about whether the kuna, introduced two years after Croatia became independent in 1991, ...


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln