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Rouble rallies, analysts warn euphoria may be short-lived MOSCOW: The Russian rouble rose strongly on Monday, supported by rising oil prices and looming tax payments by exporters who need to convert their foreign currency revenues to pay bills, but analysts said the rally could be short-lived.At 1155 GMT, the rouble was 2.0 percent stronger against the dollar at 52.54, after trading as much as 3 percent higher on the day. It also firmed 2.9 percent to trade at 55.36 to the euro.Oil prices rose towards $59 per barrel on Monday after ending last week strongly as financial traders increased bets on higher prices amid a slowdown in U.S. drilling.The period for Russian monthly tax payments, which increase demand for the rouble, starts on April 15, with the peak coming towards the end of the month.The rouble rallied for most of last week, recording one of its strongest weekly performances since 1998. But on Friday it weakened after the ...


Kenyan shilling slips to 3-year low, eyes on central bank action NAIROBI: Kenya's shilling weakened to a new three-year low on Monday, as traders said they were watching for any action the central bank might take during the session to support the currency.At 0800 GMT, commercial banks quoted the shilling at 93.15/35, compared with 92.95/93.05 at Friday's close.The shilling was last at that level in November 2011."Everyone is waiting to see what will be the action of the central bank," said Sheikh Mehran, head of trading ...

Dollar edges up in Asian trade TOKYO: The dollar edged up against other major currencies on Monday after weaker than expected Chinese trade data, supported by investor expectations of US interest rate increases.The greenback was at 120.44 yen in Tokyo compared with 120.30 yen in New York late Friday.The euro bought $1.0593 and 127.47 yen against $1.0599 and 127.50 yen.A report last week showed fewer Americans applied for first-time unemployment benefits over the past few weeks than at any time in ...

Dollar steady in early Asian trade TOKYO: The dollar held up against other major currencies on Monday, backed by investor expectations for US interest rate increases and after weaker-than-expected Chinese trade data.The greenback was at 120.35 yen in Tokyo, compared with 120.30 yen in New York late Friday.The euro bought $1.0593 and 127.47 yen against $1.0599 and 127.50 yen.A report last week showed fewer Americans applied for first-time unemployment benefits over the past few weeks than at any time in almost ...

Russian ruble rides to five-month high MOSCOW: The Russian ruble traded at a five-month high Friday, having steadily climbed out of its winter slump to the joy of officials and leaving analysts scratching their heads. The Russian currency was trading as high as 50.27 to the dollar and 53.4 to the euro around the early afternoon. It was the ruble's strongest point since early December.The ruble slumped dramatically in December as global oil prices collapsed, taking its 2014 drop to over ...

Russian rouble extends rally on Friday MOSCOW: The Russian rouble opened up against the dollar and euro on Friday, continuing a week-long rally.At 0708 GMT the rouble was up 0.7 percent against the dollar at 51.48 and 1.1 percent stronger at 54.75 against the euro. Copyright Reuters, 2015

South Africa's rand pauses at key resistance levels JOHANNESBURG: South Africa's rand was largely unchanged against the dollar early on Friday as renewed hopes of a rate hike in the US prevented the local unit threatening key resistance levels breached last week.At 0630 GMT the rand softened 0.08 percent to 11.9595 per dollar, with chances of the unit closing firmer than 12.00 against the dollar for a second consecutive week in doubt in the face of greenback's gains. The rand has firmed 3.5 ...


 



 
Index Closing Chg%
Arrow DJIA 17,826.30 1.54
Arrow Nasdaq 4,931.82 1.52
Arrow S&P 2,081.18 1.13
Arrow FTSE 6,994.60 0.93
Arrow DAX 11,688.70 2.58
Arrow CAC-40 5,143.26 1.55
Arrow Nikkei 19,652.88 1.17
Arrow H.Seng 27,653.12 0.31
Arrow Sensex 28,442.10 0.78





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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln