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South Korea won nearly flat, stocks edge down on institutions SEOUL: The South Korean won crawled up but was nearly flat early on Thursday after comments by the US Federal Reserve chief and a positive economic view from the Fed lent some support, but Ukraine jitters kept gains in check.Local shares also rose shortly after markets opened on sharpened risk appetite, but gains were erased by midday as institutions sold for profits.The local currency was quoted at 1,037.3 against the dollar as of 0207 GMT, up 0.04 percent from Wednesday's domestic close at 1,037.7.The Korea Composite Stock Price Index (KOSPI) was down 0.1 percent at 1,990.10 points, poised to mark its fifth day of losses.Fed Chair Janet Yellen told the Economic Club of New York that the US central bank would be delivering policy stimulus for some time to come, highlighting persistent low inflation as an immediate threat to the US economy.Her remarks, coupled with a report from the Fed ...


Australian and NZ dollars subdued as holiday lull sets in SYDNEY/WELLINGTON: The Australian and New Zealand dollars held their ground against the greenback on Thursday but were trapped in a slim trading range ahead of a four-day long Easter weekend and key event risks next week. Australian consumer inflation data on Wednesday and an interest rate decision by the Reserve Bank of New Zealand (RBNZ) on Thursday could well shape the short-term outlook for both currencies. The Aussie last stood at $0.9377, having drifted between ...

China's yuan edges up slightly, guided by stronger midpoint HONG KONG: China's yuan edged up slightly on the dollar on Thursday, after the central bank guided the midpoint away from a seven-month low, with traders citing balanced dollar demand and supply.Spot yuan changed hands at 6.2184 near midday, up 0.05 percent from Wednesday's close of 6.2214. The People's Bank of China (PBOC) set the yuan midpoint at 6.1575, up 0.02 percent from the previous day's 6.1589."The yuan has lost almost 400 pips against the ...

Dollar lower in Asia after upbeat data, Beige Book TOKYO: The dollar drifted lower in Asia Thursday as upbeat US data and dovish comments from Federal Reserve chair Janet Yellen suggested the central bank would hold steady on the pace of its stimulus tapering.In Tokyo midday trade, the greenback slipped to 101.99 yen from 102.25 yen in New York on Wednesday.The euro rose to $1.3841 from $1.3815, while it weakened to 141.16 yen from 141.28 yen.A pair of official reports for March, on home ...

Euro-dollar flat as Yellen reiterates cautious Fed view NEW YORK: The US dollar overcame early losses Wednesday to end flat against the euro while the yen slipped back as Janet Yellen underscored the Federal Reserve's cautious path forward.At 2100 GMT the euro was at $1.3815, compared to $1.3813 late Tuesday. During the day it rose as high as $1.3851 before succumbing to selling.Helping the dollar's rebound was confident talk from the Federal Reserve on growth slowly picking up after a harsh winter. The ...

Kenyan shilling steady, stocks down slightly NAIROBI: The Kenyan shilling was steady on Wednesday and traders said it was expected to be lifted by tea exporters selling dollars and the central bank's mopping-up of excess liquidity.Stocks edged lower.At the 1300 GMT close of trade, commercial banks quoted the shilling at 86.80/90 to the dollar, compared with Tuesday's closing rate of 86.85/95."We saw some flows coming in yesterday from tea and that is what maybe has support the local unit. That's why ...

Dollar edges lower against euro ahead of Yellen comments NEW YORK: The dollar edged lower against the euro for the first time in four trading sessions on Wednesday ahead of Federal Reserve Chair Janet Yellen's comments, but rose against the yen on signs of future buying of Tokyo stocks by Japan's state pension fund.Traders expect Yellen to strike a more dovish tone in afternoon comments before the Economic Club of New York. Minutes from the latest Fed policy meeting released last week were viewed ...


 



 
Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln