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Sterling dips ahead of BoE testimony LONDON: Sterling drifted lower on Tuesday with testimony by Bank of England Governor Mark Carney in parliament likely to dominate morning trade late.The pound has shown more resilience against the dollar in the past week but is still 9 percent down from this year's peak of $1.71 hit in July, driven back by political risk and a retreat in forecasts of when the BoE will raise interest rates. BMO strategist Stephen Gallo said he expected Carney to take a cautious line but to support the pound somewhat by pointing to signs of more pressure coming to bear on wages, the missing ingredient in Britain's economic upturn so far. Carney starts speaking at 1000 GMT. Technical analysts from Commerzbank said that the pound looked to have established a bottom at $1.5592 last week, although that might not be enough to hold it. Sterling was around 0.1 percent against both the euro ...


Yen edges up in Asia on BoJ chief comments TOKYO: The yen rose in Asia on Tuesday after the head of the Bank of Japan indicated concern about the negative impact of its recent weakness on the country's struggling economy.In Tokyo afternoon trading, the dollar slipped to 117.93 yen from 118.25 yen in New York Monday, while the euro eased to 146.49 yen from 147.10 yen.The single currency, which rallied Monday in response to a pick-up in German business confidence, slipped back to $1.2425 ...

Yen edges up in Asia on BoJ chief comments TOKYO: The yen rose in Asia on Tuesday after the head of the Bank of Japan indicated concern about the negative impact of its recent weakness on the country's struggling economy.In Tokyo midday trading, the dollar slipped to 117.89 yen from 118.25 yen in New York Monday, while the euro eased to 146.51 yen from 147.10 yen.The single currency, which rallied Monday in response to a pick-up in German business confidence, slipped back to $1.2425 ...

Rouble rises on exporter buying and steadier oil price MOSCOW: The rouble rose sharply on Monday, lifted by Russian exporters buying to meet tax payments and as oil prices stabilised at around $80 a barrel. At 1356 GMT, the rouble was around 1.7 percent stronger against the dollar at 44.94 and 1.5 percent stronger against the euro and 55.83. "We have the mineral extraction tax, in the morning the market again went short foreign currency, plus at the moment there isn't demand for forex," ...

Dollar index rises near 4-1/2 year high; euro firms vs dollar NEW YORK: The dollar approached a 4-1/2-year high against a basket of currencies on Monday as traders speculated that overseas central banks would further ease monetary policies to help their economies, even though it would erode their currencies. China might be ready to lower interest rate again after Friday's surprise rate cut in an effort to stem deflation, sources familiar with its policymaking told Reuters. On Friday, Mario Draghi, the European Central Bank chief, threw ...

C$ gives back some of last week's gains TORONTO: The Canadian dollar gave back some of last week's gains in early trade on Monday as the greenback was mostly stronger amid signs from central banks in Europe and Asia that they are willing to do more to support economic growth and inflation.World stock markets rose after a frenetic round of activity at central banks in Asia and Europe suggested concern about growth will be met with action.European shares, which had their strongest day ...

Euro gains vs dollar after Markit US services data NEW YORK: The euro strengthened further against dollar early Monday after private data on the US services sector fell short of forecast in early November, reducing earlier bullish bets on the greenback. Financial data firm Markit said its "flash" services Purchasing Managers Index slipped to 56.3 in November, slightly below expectations and the lowest since April. This compared with October's final reading of 57.1. The euro reached a session high of $1.2430 before edging down ...


 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln