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South Korean won extends fall to 1pc against the dollar SEOUL: The South Korean won dropped by more than 1 percent on the dollar on Tuesday, and was also weighed down by the Japanese yen's fall against the greenback.The dollar continued to benefit from Federal Reserve Chair Janet Yellen's comments last week around the timing of US rate increases.The won was quoted at 1,100.8 against the dollar as of 0540 GMT, after touching a low of 1,101.4, and was on track for its worst daily performance since March 10.Copyright Reuters, 2015


Australian and NZ dollars rise on euro, lag on USD SYDNEY/WELLINGTON: The Australian and New Zealand dollars extended gains versus the euro as more easing by the European Central Bank and the ongoing Greek debt crisis dented appetite for the common currency.They had less luck against a firm US dollar with the Aussie sluggish at $0.7826, not far from a three-week low of $0.7804 set on Monday. Support was found at a major retracement level of $0.7775.It has shed more than 3 cents since it ...

China's yuan softens on 3-week low midpoint SHANGHAI: China's yuan weakened against the dollars for the second consecutive session on Tuesday after the central bank set the daily guidance rate at a three-week low.The People's Bank of China (PBOC) set the midpoint rate at 6.1172 per dollar prior to market open, 0.01 percent weaker than the previous fix at 6.1165.The spot market opened at 6.2038 per dollar and was changing hands at 6.2040 at midday, 0.03 percent weaker than the previous close.Traders ...

Dollar at 1-month highs, awaits US data for policy cues SYDNEY/TOKYO: The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates.The dollar index last traded at 96.604 after reaching a one-month high of 96.714. It rode the momentum from a surge on Monday when dollar bulls were still cheering Yellen's remarks.Against the yen, the dollar touched a two-month high of 121.79, edging closer ...

C$ holds steady in thin markets; Bank of Canada eyed TORONTO: The Canadian dollar was steady against its US counterpart on Monday in light holiday trading and ahead of a busy week in Canadian economic news.Investors are focused on the Bank of Canada's interest rate decision on Wednesday and first-quarter economic growth data on Friday.The loonie's pause comes after a retreat to a five-week low on Friday and with US and many European markets closed for various holidays.At 9:14 a.m. EDT (1314 GMT), the Canadian ...

Dollar in vogue on CPI boost and Yellen's comments, euro weakens LONDON: The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying US inflation bolstered the Federal Reserve's case for an interest rate hike later this year. Fed Chair Janet Yellen's comments that the central bank was poised to raise rates in 2015 also shored up sentiment towards the dollar, traders said. Amid low volumes, with most of Europe as well as the United States shut for a holiday, ...

Kenya's shilling hits 3-1/2 year low, undermines stocks NAIROBI: Kenya's shilling sunk to a three-and-a-half year low on Monday as importers bought dollars, while stocks finished lower as foreign investors stayed out due to the weakening currency.At the close of trade, commercial banks quoted the shilling at 97.85/95 to the dollar - a level last touched in Nov. 2011 - down from Friday's close of 97.40/50."There's still some bit of dollar-buying," Martin Runo, senior trader at Chase Bank, said.The shilling has been under ...


 



 
Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17





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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%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln