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China's yuan rises on midpoint, seen moving between 6.13-15 in near term SHANGHAI: China's yuan firmed against the dollar on Friday after the central bank set a marginally stronger midpoint, leaving the currency little changed on the week.Traders said they suspected the central bank had moved to support the yuan this week as the currency appeared under pressure of depreciation because of the dollar's strength in global markets, China's slowing economic growth and signs of capital outflows from the country.Spot yuan stood at 6.1381 per dollar by midday, up 0.04 percent from Thursday's close, after the People's Bank of China (PBOC) set its official midpoint at 6.1455, or 0.06 percent firmer from Thursday's close."We believe the central bank stepped in the market to defend the yuan's value after the Fed statement this week," said a trader at an Asian bank in Shanghai.The US Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", signalling the ...


Pound hits two-year high against euro on Scotland results TOKYO: The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.The euro tumbled to 0.7809 pounds in early Tokyo trade, down from 0.7882 pounds and its lowest level since July 2012, as dealers welcomed initial returns pointing to a disappointing night for the "Yes" camp.Sterling also jumped to $1.6522, its highest ...

Central banks drive Norwegian crown, franc higher LONDON: The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year.The dollar, whose surge since July is at the heart of a broad rise in volumes across major currency pairs, jumped another 1.5 percent against the yen after the Federal Reserve sent another shock through the financial system by ...

Turkey's lira extends losses, weakens to 2.23 against dollar ISTANBUL: The Turkish lira weakened further on Thursday afternoon, hitting a new 5-1/2 month low as the U.S. Federal Reserve's outlook for rising rates stoked concerns that emerging assets may lose some of their yield appeal.The lira eased as far as 2.2321 against the dollar by 1215 GMT, compared with 2.2073 late on Wednesday.Copyright Reuters, 2014

Sri Lanka rupee ends steady amid importer dlr demand; central bank caps fall COLOMBO: The Sri Lankan rupee closed steady on Thursday despite sustained importer dollar demand as moral suasion by the central bank averted a further decline, forcing banks to trade in currency forwards, dealers said.Dealers said moral suasion by the central bank prevented trades above 130.28 while one of the two state banks through which the central bank usually intervenes in the foreign exchange market sold dollars at 130.28 to select banks in early trade.The three-day ...

Egyptian pound steady on official and black markets CAIRO: Egypt's pound held steady at a central bank dollar sale on Thursday, with the bank saying it sold $38.6 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Wednesday's rate.In the unofficial market, the pound was trading at 7.35 to the dollar, also unchanged from Wednesday.The rate for dollar sales has stayed in a tight range since the beginning of June, after the bank allowed the pound to weaken in May. ...

Sterling hits 2-year high versus euro as Scotland votes LONDON: Sterling rose on Thursday, hitting a two-year peak against the euro and a near two-week high against the dollar on growing expectations that Scotland will vote to stay within the United Kingdom.Thursday's vote on whether Scotland will opt for independence or not closes at 10 p.m. (2100 GMT) and the first trends are likely to come out a few hours after that.Most surveys show those supporting independence slightly behind those voting for a union, ...


 



 
Index Closing Chg%
Arrow DJIA 17,279.74 0.08
Arrow Nasdaq 4,579.79 0.30
Arrow S&P 2,010.40 0.05
Arrow FTSE 6,837.92 0.27
Arrow DAX 9,799.26 0.01
Arrow CAC-40 4,461.22 0.08
Arrow Nikkei 16,321.17 1.58
Arrow H.Seng 24,306.16 0.57
Arrow Sensex 27,090.42 0.08





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln