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C$ steady as markets await Fed decision TORONTO: The Canadian dollar was little changed against its US counterpart on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a rise in US crude prices, while overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen prices and sales rising.The data comes as Federal Reserve officials are gathered for a policy meeting that ends tomorrow. Investors have been shifting their focus toward the Fed and how it views the latest round of economic data. The US central bank is widely expected to resume raising interest rates sometime this year, but markets are looking for clues on whether it will come sooner or later."I don't think the Fed's going to do anything until later this year," ...


Dollar up on Greece worries, US housing permits jump NEW YORK: The dollar rose against the euro on Tuesday, as worries Greece was tilting towards debt default dragged on the euro and U.S. housing data encouraged speculation that the Federal Reserve will soon raise interest rates.The euro was off 0.40 percent against the dollar. Other major currencies were little changed against the dollar, as Fed policymakers started a two-day meeting and ahead of a news conference and economic outlook statement due on Wednesday.Greek Prime ...

C$ dips against firmer greenback as markets await Fed TORONTO: The Canadian dollar softened against the US dollar on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a moderate rise in US crude prices, but overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen home prices and sales rising.The ...

Kenyan shilling weakens on energy demand, stocks rise NAIROBI: Kenya's shilling closed a touch weaker on Tuesday after a late flurry of dollar demand from the energy sector, while stock rose.At market close of 1300 GMT, commercial banks quoted the shilling at 97.25/45 to the dollar, compared with Monday's close of 97.25/35. In afterhours trading the shilling weakened further, to 97.40/60."In the last hour or so we have seen quite a bit of demand from the energy sector," a trader at one Nairobi-based ...

China's yuan snaps 8-day losing streak on firmer midpoint SHANGHAI: China's yuan snapped an eight-day losing streak against the dollar on Tuesday and edged up after the central bank set the official guidance rate higher."Some companies sold dollars in early trade, and that pushed up the rate a little bit, but the dollar supply and demand quickly came to a rough balance," said a trader at a Chinese city commercial bank in Shanghai.The People's Bank of China (PBOC) set the midpoint rate at 6.1155 ...

South Africa's rand weakens; focus on Greece, Fed JOHANNESBURG: South Africa's rand weakened against the dollar early on Monday as demand for riskier assets waned after the latest talks aimed at ending Greece's debt crisis ended without a resolution.At 0615 GMT the rand was trading 0.46 percent weaker at 12.4350 to the dollar compared with its New York closing level on Friday."The rand is at risk of renewed weakness this week given the fears over Greece and caution in front of the (US ...

Sri Lanka rupee steady at record low; stocks up COLOMBO: The Sri Lankan rupee traded steady at a record low on Monday in dull trade as a state-run bank, through which the central bank directs the markets, offered dollars at 114, dealers said.Central Bank Governor Arjuna Mahendran last week said the country should let market forces determine its rupee exchange rate and warned that trying to buck the global trend of a rising dollar is "suicidal".The spot currency was steady at 134.00 per dollar ...


 



 
Index Closing Chg%
Arrow DJIA 17,596.35 1.95
Arrow Nasdaq 4,958.47 2.40
Arrow S&P 2,057.64 2.09
Arrow FTSE 6,620.48 1.97
Arrow DAX 11,083.20 3.56
Arrow CAC-40 4,869.82 3.74
Arrow Nikkei 20,109.95 2.88
Arrow H.Seng 25,966.98 2.61
Arrow Sensex 27,645.15 0.60





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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln