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Turkey's lira weakens to record low on rate cut expectations ISTANBUL: The Turkish lira tumbled to a new record low against the dollar on Thursday on expectations that the Central Bank will cut interest rates at an extraordinary monetary policy committee meeting as early as next Wednesday.The Federal Reserve's upbeat view on the U.S. economy and signal that it was on track to raise interest rates this year also hit the lira, which slipped as far as 2.4145 from 2.3780 late on Wednesday and a previous record low of 2.4140 on December 16.Copyright Reuters, 2015


Dollar climbs in Asia as Fed points to 'solid' growth TOKYO: The US dollar extended its gains on Thursday after the Federal Reserve pointed to the "solid pace" of growth in the world's top economy, signalling a mid-year rate hike was still in play.In Tokyo, the greenback briefly rose above the 118-yen level before settling back at 117.70 yen in afternoon trade, still up from 117.53 yen in New York.The euro weakened to $1.1272 from $1.1284, while it ticked up to 132.68 yen, against 132.62 ...

Russian rouble, stocks slides on oil, threat of more sanctions MOSCOW: The Russian rouble weakened on Wednesday and stocks fell, with a retreat in oil prices and a threat of new sanctions on Moscow for its role in the Ukraine crisis promising to weigh on the currency in the near future.At 1425 GMT, the rouble was around 1.7 percent weaker against the dollar at 67.96 and 1.4 percent down versus the euro at 77.10, respectively. Oil, Russia's chief export, slid towards $49 per barrel.Russian stocks ...

C$ eases ahead of Fed statement TORONTO: The Canadian dollar was weaker against the greenback on Wednesday as oil prices retreated and as investors looked ahead to a US Federal Reserve policy statement later in the day.The US dollar recouped some of the previous session's losses, climbing against a basket of currencies, but gains were tempered as investors speculated the Fed could take a more dovish stance on raising interest rates.The US central bank's Federal Open Market Committee (FOMC) is scheduled ...

Oil slips to $49 as US crude inventories hit record LONDON: Oil slipped to $49 a barrel on Wednesday after U.S. crude stocks soared to the highest on record last week, and as a firmer dollar weighed on prices.The U.S. Energy Information Administration said U.S. crude stocks rose by 8.9 million barrels last week to 406.73 million barrels, the highest level since records began in 1982.While the build was not quite as large as the 12.7 million barrel increase reported by industry group the American ...

Dollar inches up, but caution rules before Fed statement LONDON: The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting.Interest-rate sensitive two-year Treasury yields held above 0.50 percent, lending support to the dollar.The U.S. currency fell on Tuesday after weaker-than-forecast corporate earnings reports and durable goods data made some traders and investors nervous that the Fed could turn more cautious in ...

Sri Lanka rupee forwards down on importer dollar demand; budget awaited COLOMBO: Sri Lankan rupee forwards ended weaker on Wednesday on importer dollar demand but the central bank capped the fall, as exporters awaited direction from a supplementary budget, dealers said.Fears of depreciation kept exporters away from the market, resulting in the currency's fall and leading the central bank to cap four-day forwards at 133.00, dealers said.That forced dealers to trade one-week forwards.One-week forwards closed at 133.50/60 per dollar compared with Tuesday's close of 133.45/55.Four-day forwards ...


 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln