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Yen weakens in Asia after poor Japan data TOKYO: The yen weakened in Asia on Friday after a slate of tepid Japanese data that has dealt another blow to the government's plans to end years of deflation.In Tokyo, the greenback rose to 118.31 yen from 117.74 yen in London, while the euro strengthened to 147.25 yen from 146.88 yen in European trade. US markets were closed Thursday for the Thanksgiving holiday.The European single currency slipped to $1.2446 from $1.2474 on speculation over fresh easing moves by the European Central Bank (ECB).Japan published lacklustre economic data Friday with October inflation hitting a more than one-year low and household spending falling again.The weak consumer price reading makes the Bank of Japan's 2.0 percent inflation target -- which it initially aimed to hit in 2015 -- look increasingly out of reach.The BoJ shocked markets last month by saying it would expand its asset-buying stimulus programme to about 80 trillion yen annually, ...


Russian ruble falls sharply on OPEC oil decision MOSCOW: Russia's ruble lost more than two percent against the dollar in response to the OPEC oil cartel's decision to leave its collective output ceiling unchanged.The Russian currency was trading around 48 rubles to the greenback at 1550 GMT -- nearly 2.5 percent lower that the level at which it stood before the announcement in Vienna about 90 minutes earlier.The ruble also shed 2.1 percent against the euro and was trading around the 59.80 mark ...

Sri Lankan rupee forwards firmer on dollar sales by banks, exporters COLOMBO: Sri Lankan rupee forwards gained on Thursday as exporters sold dollars after being away from the market recently due to the local currency's weakness, and as banks offloaded the green back to cover short positions.Importers stayed on the sidelines as moral suasion by the central bank left spot rupee untraded.The rupee and three-day forwards, or spot-next, were not traded after the central bank capped the currency at predetermined levels to prevent volatility.Central bank officials ...

Euro dips as data points to weakening German inflation LONDON: The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively.Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply, sending Brent crude to a four-year low below $76 a barrel.Though data showed German consumer sentiment picking up, regional numbers from ...

Rouble recovers in nervous trade before OPEC meeting MOSCOW: The rouble strengthened on Thursday as OPEC met to discuss whether it would cut output to boost flagging oil prices.At 1335 GMT, the rouble was up around 1 percent against the dollar at 46.89 and 1.1 percent stronger against the euro at 58.53, after opening weaker against both.The rouble shrugged off declines in Brent crude, which touched a four-year low around $76 a barrel on expectations the Organization of Petroleum Exporting Countries would not ...

C$ steady in holiday trading; OPEC in focus TORONTO: The Canadian dollar was marginally weaker against its US counterpart on Thursday in extremely light US Thanksgiving Day trading as crude prices sank to 50-month lows ahead of OPEC's announcement on next year's crude output levels.Ministers from the Organization of the Petroleum Exporting Countries were not expected to cut production levels at their meeting in Vienna, according to sources close to the cartel. The announcement was due at 10:00 a.m. EST (1500 GMT).Mark Chandler, ...

C$ extends losses after OPEC says will not cut crude output TORONTO: The Canadian dollar extended its losses against the U.S. dollar on Thursday after Saudi Arabia's oil minister said OPEC will not be cutting crude output levels.The Canadian dollar retreated sharply to a session low of C$1.1305 to the greenback, or 88.46 U.S. cents, following the news, which also sent oil prices falling to a new four-year low.The currency, which was underperforming most other major counterparts, had closed at C$1.236, or 89.00 U.S. cents on ...


 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,723.42 0.09
Arrow DAX 9,974.87 0.60
Arrow CAC-40 4,382.34 0.20
Arrow Nikkei 17,248.50 0.78
Arrow H.Seng 24,004.28 0.45
Arrow Sensex 28,438.91 0.19






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln