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Dollar mixed after jump in US home resales NEW YORK: The dollar stood mixed against other major currencies on Wednesday after a 6.1 percent jump in U.S. home sales data lifted expectations that Federal Reserve policymakers may soon hike interest rates.A National Association of Realtors report showing an increase in March of existing home sales to an annual rate of 5.19 million units, the highest level since September 2013, suggested the U.S. economy may be shrugging off sluggishness. The percentage increase was the largest since December 2010.Economists polled by Reuters had forecast home resales rising to only a 5.03-million-unit pace last month.The euro, which earlier traded at $1.08 against the dollar, was last up 0.08 percent to $1.0742 amid an absence of major news about the Greek financial crisis, which has been pressuring the euro zone currency.The greenback was up 0.20 percent against the yen at 119.88 yen, while the dollar index was last off 0.09 percent.In a ...

SNB move on negative rates sends Swiss franc sharply lower LONDON: The Swiss franc fell 1 percent against the dollar and dropped against the euro on Wednesday after the Swiss National Bank said it was reducing considerably the number of institutions exempt from negative rates on cash deposits held at the central bank. Analysts said the move increased the chances that the SNB could take interest rates deeper into negative territory, especially if flows into the safe-haven Swiss franc increase due to Greece's debt problems ...

Sterling climbs past $1.50 to 5 week high after upbeat BoE minutes LONDON: Sterling rose past $1.50 to hit a five-week high against the dollar on Wednesday, after minutes from the latest Bank of England policy meeting showed policymakers were slightly more focused on the risk of inflation accelerating. Traders said sterling was also helped by a growing view within the nine-member monetary policy committee that the next move by the BoE will be a rate hike. The minutes of the April 8-9 meeting showed that the ...

Euro drifts lower on Greek default worries TOKYO: The euro drifted lower Wednesday on fears about a Greek debt default as mayors across the country lashed out at a government decree ordering them to hand over their cash reserves to help Athens pay its bills.In Tokyo, the single currency slipped to $1.0726 and 128.36 yen from $1.0735 and 128.42 yen in New York late Tuesday.Greek Prime Minister Alexis Tsipras will meet German Chancellor Angela Merkel Thursday on the sidelines of a European ...

C$ softens but stays near January highs TORONTO: The Canadian dollar beat a slight retreat against its US counterpart on Tuesday despite getting support from oil prices that held steady just below 2015 highs due to tensions in Yemen.The price of crude, one of Canada's biggest exports, has risen about 15 percent this month on concerns that the civil war in Yemen, Saudi Arabia's southern neighbor, could destabilize the Middle East and reduce oil supplies.The loonie was range-bound but stuck close to ...

China's yuan slips on weaker midpoint fixing HONG KONG: China's yuan fell against the dollar on Tuesday, after the central bank set a weaker official midpoint to reflect strength in the dollar index.The People's Bank of China set the midpoint rate at 6.128 per dollar prior to market open, weaker than the previous fix of 6.1255.The spot market opened at 6.2000 per dollar and was changing hands at 6.2022 near midday, 7 pips weaker than the previous close and 1.21 percent weaker ...

Indian rupee hits 3-1/2-month low; stocks slide on tax worries MUMBAI: The Indian rupee fell to a three and a half month low in early trade on Tuesday as concerns over retrospective taxation loomed among foreign investors, while weak Asian peers and broad dollar strength added to the pressure.Indian stocks also fell to their lowest in nearly four weeks.The partially convertible Indian rupee fell to 63.1550 per dollar, its lowest since Jan. 8 and compared to its previous close of 62.91/92 when it had fallen ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln