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Dollar under pressure on China equity rout concerns TOKYO: The dollar recovered slightly against the yen Tuesday, although gains were limited as investors remain on edge after a sharp plunge in Chinese markets hit risk sentiment, but the euro was supported by upbeat German data.In Tokyo, the greenback fetched 123.55 yen, up from 123.24 yen in New York late Monday. although it is still off the 123.75 yen earlier in Asia.The euro changed hands at $1.1076 and 136.79 yen, against $1.1091 and 136.69 yen in US trade, where it rallied thanks to a rise in German business confidence and signs of a pickup in lending in Europe.Global markets were jolted Monday after Shanghai stocks plunged 8.48 percent -- the steepest fall in eight years -- as data showing more weakness in the Chinese economy mixed with fears government support measures for the mainland market will not last.The losses continued Tuesday, with Shanghai losing five percent at one point, ...


South Africa's rand wobbly ahead of trade data JOHANNESBURG: South Africa's rand struggled against the dollar on Monday, with traders and analysts seeing scope for further weakness if local trade data comes out softer than expected and the Federal Reserve issues a hawkish statement later this week. The rand touched a fresh 14-year low of 12.6900 to the dollar, extending Friday's sharp losses, and traded at 12.6235 at 1604 GMT, slightly weaker than its previous close at 12.6165. Government bonds also ended the ...

Dollar tumbles after China share plunge spurs flight to safety NEW YORK: The US dollar hovered around a nearly two-week low against a basket of major currencies on Monday after the biggest drop in Shanghai shares in eight years drove demand for the safe-haven yen and led traders to trim bets against the euro. Shanghai stocks tumbled 8.5 percent, dragging European shares down more than 2 percent and the US benchmark S&P 500 index to its lowest in more than two weeks. Analysts said traders ...

Russian ruble hits 4-month low on falling oil prices MOSCOW: The Russian ruble on Monday plummeted to a four-month low after stabilising to a degree in spring, hurt by falling oil prices amid a global oversupply of crude.The ruble hit the psychological threshold of 66 rubles per euro in afternoon trading in Moscow, a four-month low. The Russian currency also edged closer to 60 rubles per dollar, weakening to 59.8 against the dollar.The "short-term outlook for the ruble looks cloudy," said Dmitry Polevoi, chief ...

Euro up 0.7pc vs flagging dollar, awaits German IFO survey LONDON: The euro hit a two-week high against a subdued dollar on Monday, with traders awaiting Germany's IFO survey, which is likely to indicate Europe's largest economy is on track to post a reasonable pace of growth.The dollar fell broadly, after a drop in US shares and bond yields dimmed its allure, with markets focused on this week's Federal Reserve policy meeting. It fell 0.35 percent against the safe-haven yen with a 7 percent drop ...

Sterling slides vs resurgent euro LONDON: Sterling fell against the euro on Monday, continuing last week's decline against the resurgent single currency, with investors looking ahead to British growth data later in the week.With China's economic and financial market travails throwing doubt over the strength of global growth, some sterling traders are starting to question whether the Bank of England will raise interest rates as soon as many had pencilled in.Upbeat German business sentiment added fuel to the euro's fire ...

Dollar edges down ahead of Fed meeting TOKYO: The dollar was under pressure Monday following weak US housing figures, as traders await the start of the Federal Reserve's latest policy meeting.In Tokyo afternoon trading, the greenback fetched 123.47 yen, down from 123.81 yen in New York late Friday.The euro changed hands at $1.1006 and 135.91 yen, against $1.0977 and 135.89 yen in US trade.Data on Friday showed sales of new single-family homes in the US fell in June and May sales were ...


 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln