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Yen dips as stocks rally and Ukraine tensions ease TOKYO: The yen eased in Asia Tuesday as news that pro-Russian rebels had handed over the black boxes of Flight MH17 eased concerns about the Ukraine crisis.The losses in the Japanese unit, which is considered a safe bet in times of economic and political uncertainty, were in line with a regional stock market rally as confidence returned to trading markets.In the early afternoon the dollar bought 101.47 yen, up from 101.38 yen in New York Monday afternoon, while the euro fetched 137.23 yen compared with 137.10 yen. The single currency was also at $1.3525 against $1.3523.Thursday's downing of the Malaysia Airlines jet hit global markets as it fuelled fears of an escalation of the months-long crisis in Ukraine, with western leaders saying it was shot down by rebels using Russian-supplied missiles.However, on Tuesday it emerged the separatists had given the plane's two black boxes to Malaysian officials and announced a ...


Dollar little changed ahead of housing, inflation data NEW YORK: The dollar on Monday finished little changed against most leading currencies as traders looked ahead to key US inflation and housing data later this week. With the US economic calendar Monday devoid of major reports, analysts eyed Tuesday's consumer price index report for June as a potential catalyst for the dollar.The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.Most ...

Britain opens criminal probe into foreign exchange rigging LONDON: Britain's fraud agency on Monday said it has launched a criminal probe on Monday into allegations of price rigging in foreign exchange markets.The investigation into "fraudulent conduct" comes after EU, British, and US and other regulators have levied huge fines on some of the world's biggest banks and investment houses for manipulating financial markets worth trillions of dollars."The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent ...

South Korea won rises, stocks touch a 2014 peak before ending flat SEOUL: The South Korean won edged up on Monday as foreign investors sold dollars as worry about global geopolitical tensions appeared to ease, while stocks ended flat.The local currency closed up 0.26 percent at 1,026.8 against the dollar versus Friday's close of 1,029.5. The won was at its strongest in five days.The Korea Composite Stock Price Index (KOSPI) was quoted at 2,018.50 points at the end of Monday's session, down 0.05 percent from Friday's onshore ...

Euro recovers against dollar; yen supported as stocks slip LONDON: The euro climbed against the dollar on Monday as subdued U.S. yields capped the greenback, while the yen was supported by safe-haven inflows.Volumes, though were light due to a holiday in Japan. Germany's stock index dropped 1 percent in early European trade to a two-month low, helping the yen, which is often sought during times of financial market stress and uncertainty over growth.The euro eased 0.1 percent against the yen to 136.92 yen , ...

Asian currencies rise, baht hits 7-month high, but traders remain cautious SINGAPORE: Most Asian currencies rose on Monday, with the Thai baht touching a seven-month high, as investor risk aversion showed signs of easing, although market players remained cautious about geopolitical risks.Asian currencies had slipped late last week after the downing of a Malaysian airliner over eastern Ukraine on Thursday stoked geopolitical tension and made investors wary of riskier assets.Their drop on Friday proved mild, however, and emerging Asian currencies have since regained their footing.Heightened fears ...

Kenyan shilling steady, seen gaining NAIROBI: The Kenyan shilling was steady on Monday but traders said it could firm in coming days on dollar inflows from foreign investors bidding for a Treasury bond later this week.At 0744 GMT, commercial banks quoted the shilling at 87.70/90 to the dollar, compared with Friday's close of 87.75/85."It's likely there could be some dollar inflows into the market," said Nahashon Mungai, trader at KCB Bank Group, in reference to the two-year bond reopening.The central ...


 



 
Index Closing Chg%
Arrow DJIA 17,086.63 0.16
Arrow Nasdaq 4,473.70 0.40
Arrow S&P 1,987.01 0.18
Arrow FTSE 6,798.15 0.04
Arrow DAX 9,753.56 0.20
Arrow CAC-40 4,376.32 0.16
Arrow Nikkei 15,328.56 0.10
Arrow H.Seng 23,971.87 0.80
Arrow Sensex 26,147.33 0.47





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln