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Sri Lankan rupee steady at 1-week high; stocks edge up COLOMBO: The Sri Lankan rupee traded flat on Thursday as exporter dollar sales offset importer demand, a day after the treasury secretary said the rupee was maintained steady while the country builds up its foreign exchange reserves.The rupee was traded at 130.24/26 per dollar at 0723 GMT, the same as its previous close, which was also the highest close since July 18."There was not much of pressure on either side," said a currency dealer.Finance Secretary P.B. Jayasundera said late on Wednesday that Sri Lanka was building up its foreign exchange reserves while keeping its currency stable as the island nation sees more dollar inflows.Speaking at a Foreign Correspondents' Association forum, Jayasundera said the choice was to let the exchange rate appreciate and enjoy the short-term gain or let the exchange rate remain flexible within a reasonable level."Technically speaking you have the luxury to allow the exchange rate to appreciate. We ...

Euro inches up from 8-month low on upbeat business surveys LONDON: The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations, although fears that possible tougher sanctions on Russia would hurt the euro zone were seen limiting gains.The French composite purchasing managers index of both the manufacturing and services sector rose to 49.4 from 48.1 in June, bringing activity closer to the 50-point line dividing growth from contraction.German business activity also expanded in July as the services sector ...

Kenyan shilling steady, seen easing as importers buy dollars NAIROBI: The Kenyan shilling was steady on Thursday and traders said they expected it to weaken in coming days due to importer demand from energy companies.At 0816 GMT, commercial banks quoted the shilling at 87.80/90 to the dollar, compared with Wednesday's close of 87.80/88.00.Traders said the shilling was expected to weaken once importers - who are sitting on the sidelines waiting for the shilling to strengthen - come in to buy dollars to pay for ...

Asian currencies slip on profit-taking, won dented by weak GDP SINGAPORE: Asian currencies slipped on Thursday as investors booked profits after a recent rally, while the won fell as South Korea's weak second-quarter growth bolstered expectations for an interest rate cut.The won fell 0.5 percent to 1,028.6 versus the dollar , snapping a three-day winning streak.South Korea offered billions of dollars in stimulus spending on Thursday to shore up domestic demand after Asia's fourth-largest economy grew at its weakest pace in more than a year ...

Sterling hits four-week low vs dollar after weak UK retail data LONDON: Sterling fell to a four-week low against the dollar on Thursday after data showed British retail sales were weaker than expected in June, another sign that the UK's economic recovery may be losing momentum.Retail sales rose 0.1 percent in June from May, less than the 0.3 percent expected by economists. Though overall retail volumes in the second quarter were the strongest for 10 years, currency traders interpreted the numbers as soft, pushing down the ...

Egyptian pound stable at central bank sale, stronger on black market CAIRO: The Egyptian pound was stable at a central bank dollar sale on Thursday but strengthened on the black market ahead of the Muslim Eid holiday next week.The central bank said it sold $37.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from its last sale on Monday.The rate for the dollar sales has stayed within a very tight range since the beginning of June, after it had allowed the pound to ...

Dollar steady in Asian trade TOKYO: The dollar held steady in Asia Thursday with currency markets little moved by weak Japanese trade data and upbeat manufacturing figures out of China.In late afternoon Tokyo trade, the dollar fetched 101.47 yen, against 101.48 yen in New York late Wednesday.The euro bought $1.3455 and 136.55 yen, against $1.3462 and 136.62 yen.Regional stock markets rose as an index of Chinese manufacturing activity hit an 18-month high in July, boosting hopes for the world's number ...


ArrowDJIA 17,083.80 0.02
ArrowNasdaq 4,472.11 0.04
ArrowS&P 1,987.98 0.05
ArrowFTSE 6,821.46 0.34
ArrowDAX 9,794.06 0.42
ArrowCAC-40 4,410.65 0.78
ArrowNikkei 15,284.42 0.29
ArrowH.Seng 24,141.50 0.71
ArrowSensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln